Milestone MYGA
Sagicor Life Insurance Company
5.25%
Best Rate
10%
Free W/D
1
States
The Milestone MYGA is a simple, safe annuity that guarantees a fixed interest rate over 3 to 7 years, lets your money grow tax-free, and gives you penalty-free access to 10% of your balance each year. It's designed for people who want predictable growth without market risk.
Free Withdrawal
10%/yr
Available In
1 states
Min Premium
$15,000
Surrender
7 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.8% |
| 4-Year | 4.8% |
| 5-Year | 5.2% |
| 6-Year | 5.25% |
| 7-Year | 5.25% |
Key Features
Guaranteed Interest Rate
Rates shown in surrender charge schedule; no market participationYour entire premium earns a fixed rate guaranteed by the insurance company for your selected guarantee period (3, 4, 5, 6, or 7 years)
Tax-Deferred Growth
100% tax-deferred; taxes due only when you withdrawBoth your premium earnings and the interest on that interest grow without annual tax liability, maximizing compounding
Penalty-Free Withdrawals
10% annually with $500 minimum; resets each yearStarting in year two, you can withdraw up to 10% of your last contract anniversary value each year without surrender charges
30-Day Penalty-Free Window
Full access to principal and earnings; timing varies by guarantee period lengthAt the end of each guarantee period, you have 30 days to withdraw your full balance or make changes without any surrender charges
Multiple Maturity Options
Flexibility to adapt to changing retirement needsWhen your guarantee period ends, you can renew for another period, take the money out penalty-free, or convert to guaranteed lifetime income
Death Benefit
Can be taken as lump sum or converted to income streamYour beneficiary receives your full accumulation value without surrender charges or adjustments
Principal Protection
Sagicor rated A- (Excellent) by A.M. Best as of October 20, 2023No exposure to stock market volatility; your principal and guaranteed interest are protected by the insurance company's claims-paying ability
Highlights
Guaranteed fixed interest rate over your chosen guarantee period with no market risk
Tax-deferred growth on 100% of your premium and earnings until you withdraw
Penalty-free withdrawals of up to 10% annually starting in year two
Flexible options at maturity: renew, withdraw penalty-free, or convert to lifetime income
Available to ages up to 90 with a low $15,000 minimum investment
Surrender Schedule
Yr 1
8.4%
Yr 2
8.35%
Yr 3
7.35%
Yr 4
6.3%
Yr 5
5.3%
Yr 6
4.25%
Yr 7
3.2%
After
0%
Best For
People age 50+ seeking safe, predictable growth with tax deferral who can commit funds for 3-7 years and want guaranteed income in retirement.
Consider Alternatives If
Investors who need immediate access to their full principal, want market growth potential, or are younger and have a long investment timeline.
Carrier Ratings
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