What is the minimum guaranteed surrender value for Reliance Eleos®‑MVA 5?

This annuity provides a fixed interest rate for the initial five-year period, followed by annual renewal rates that cannot fall below the minimum guarantee. Withdrawals exceeding the free withdrawal limit in the first five years are subject to both surrender charges and a market value adjustment (MVA). The MVA modifies the surrender value based on current interest rate conditions. The policy also includes provisions for penalty-free withdrawals under qualifying nursing home confinement and provides full account value to beneficiaries upon death.

What is the minimum premium amount for Reliance Eleos®‑MVA 5?

The minimum premium amount is $10,000.

What is the maximum issue age for Reliance Eleos®‑MVA 5?

The maximum issue age is 85 years.

What is the current interest rate for Reliance Eleos®‑MVA 5?

The current interest rate is 5%.

What is the surrender charge schedule for Reliance Eleos®‑MVA 5?

If you withdraw more than the penalty-free amount during the first five years of your contract, your annuity will be subject to a market value adjustment and surrender penalties. Surrender charges are 8% in Year 1, decreasing to 4% by Year 5, and 0% in Year 6. These charges apply to excess withdrawals and may also apply to penalty-free withdrawals taken within 12 months of surrender. Additionally, the market value adjustment may increase or decrease your annuity value based on interest rate changes relative to the contract’s base rate.

What are the best rates available for Reliance Eleos®‑MVA 5?

The best available rate is 5.00% for a 5 year term.

Reliance Standard

Reliance Eleos®‑MVA 5

About this product

The Eleos®‑MVA 5 is a Single Premium Deferred Annuity with a Market Value Adjustment provision. It is designed for safety-conscious individuals seeking stable returns and principal protection. Interest is compounded annually and credited daily, with a guaranteed rate for the first five years. After that, rates are declared annually and are never lower than the minimum guaranteed rate. The contract offers limited penalty-free access, a death benefit, and adjustments for early withdrawal.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

5 Years

5.00%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$10,000.00 - $1,000,000.00

Features
Maximum Issue Age	85 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage