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Withdrawals exceeding the 5% annual free-withdrawal amount, or a full surrender during the 5-year guarantee period, are subject to surrender charges and may also incur an MVA. Surrender charges are calculated as a percentage of the sum of the accumulated value and the Market Value Adjustment. Charges decline each year until reaching 0% after the surrender period.

Not applicable; liquidity benefits are built into the base contract.

None. No annual fees or policy charges apply. Only surrender charges during the guarantee period.

Upon the owner’s death, the full accumulation value is paid to beneficiaries without any reduction for surrender charges.

Includes waivers for terminal illness and nursing-home confinement after qualification periods (vary by state).

Each contract year, up to 10 % of the accumulation value, or Required Minimum Distributions (RMDs) if greater, may be withdrawn penalty-free.

Issued by Savings Bank Life Insurance Company of Massachusetts (SBLI), the EC Accumulate MYGA is a 5-year deferred annuity contract that guarantees a fixed interest rate for the entire term. It is available for both qualified (retirement) and non-qualified funds. Interest is credited daily and compounded annually.

At the end of the 5-year guarantee period, the policy automatically renews at SBLI’s then-current declared rate, or the owner may withdraw or annuitize without penalty.

Equal to the accumulation value minus any applicable surrender charges during the 5-year term. After the term ends, the full value is available without penalty.

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) that provides fixed, tax-deferred growth over a 5-year guarantee period. It offers full principal protection, guaranteed interest crediting, and flexibility for qualified and non-qualified funds. This product is ideal for savers seeking consistent returns without market exposure, while retaining limited liquidity through annual penalty-free withdrawals. At the end of the guarantee term, policyholders can withdraw, renew, or annuitize their funds with no surrender charges.

10% annual withdrawals are charge-free. Return of premium is guaranteed. All other excess withdrawals are subject to MVA and withdrawal charges.

10% annual withdrawals are charge-free. At least the Return of premium is guaranteed in case of full surrender. All other excess withdrawals are subject to MVA and withdrawal charges.

Full accumulation value is paid to beneficiaries as a death benefit. No surrender charges or MVA will apply upon death.

This product supports both qualified and non-qualified funds. Eligible plan types include non-qualified accounts, Traditional IRAs, Roth IRAs, SEP IRAs, Inherited IRAs, and rollovers from 401(a) or 401(k) plans. 403(b) compatibility may depend on the custodial platform. The minimum premium is $5,000 for non-qualified accounts and $2,000 for qualified funds. The issue age range is 0 to 85, with a qualified minimum age of 18.

Clients can withdraw up to 10% annually penalty-free and still receive full return of premium upon full surrender. Suitable for those who value flexibility over returns.

At the end of the 3-, 5-, or 7-year initial guarantee period, the contract includes a 30-day window to make full or partial withdrawals without surrender charges or MVA. If no action is taken, the contract automatically renews with new rates, a fresh surrender schedule, and MVA provisions. All included riders (ROP and PFW) continue to apply in the renewal period per contract terms.

The surrender value equals the contract’s accumulation value minus any applicable surrender charges and MVA. However, the ROP rider guarantees that the contract owner will receive no less than the original premium (minus any previous withdrawals and applicable taxes) upon full surrender.

SBLI USA Select Choice Plus NY MYGA with ROP and PFW Riders (Option 4)

the most flexible version of the Select Choice Plus product. It combines the benefits of both the Return of Premium (ROP) and Penalty Free Withdrawal (PFW) riders, providing policyholders with guaranteed access to their initial premium and the ability to withdraw up to 10% of their contract value annually, beginning in the second year, without incurring withdrawal charges or market value adjustment (MVA). Additionally, this option includes waivers for terminal illness and confinement, where available. It is ideal for clients seeking security, liquidity, and growth through a fixed rate MYGA with strong downside protection.

Up to 10% of accumulated value can be withdrawn each year with no withdrawal charges or MVA. Additional withdrawals are subject to MVA and standard withdrawal charges.

The full accumulation value is paid out as the death benefit with no surrender charges or MVA applied, regardless of contract status at time of death.

This product is available for both qualified and non-qualified funds. Eligible plan types include non-qualified accounts, Traditional IRAs, Roth IRAs, SEP IRAs, Inherited IRAs, and rollovers from 401(a) or 401(k) plans. 403(b) eligibility may be permitted depending on the custodian platform. The minimum premium is $5,000 for non-qualified contracts and $2,000 for qualified contracts. The issue age range is 0 to 85, with a qualified minimum age of 18.

The rider allows penalty-free withdrawals up to 10% annually based on the most recent anniversary value (or initial premium in year 1). Includes MVA waiver and withdrawal charge waiver.

At the end of the 3-, 5-, or 7-year initial guarantee period, contract holders will have a 30-day window to make full or partial withdrawals without incurring any surrender charges or MVA. If no action is taken, the contract automatically renews, subject to the then-current carrier pricing. Withdrawals during this new term are again subject to surrender charges and MVA unless the PFW rider conditions are met.

The surrender value is the accumulation value minus any applicable surrender charges and market value adjustment (MVA), unless waived under the Penalty-Free Withdrawal provision or illness/confinement waivers. Withdrawals within the 10% free amount or qualifying for waivers will not reduce the surrender value by fees.

SBLI USA Select Choice NY MYGA with PFW Rider (Option 3)

 is a single premium deferred fixed annuity that adds liquidity flexibility through a built-in Penalty-Free Withdrawal (PFW) rider. This option allows contract holders to access up to 10% of their contract value annually, free of withdrawal charges or market value adjustment (MVA), starting in the second contract year. It also includes waivers for terminal illness and confinement (where available), making it well-suited for clients who value access to their funds in case of unforeseen circumstances while still earning competitive fixed interest rates over a guaranteed 3-, 5-, or 7-year term.

The MYGA contract is enhanced with a rider that guarantees at least the return of the initial premium amount upon surrender.

At the end of the 3-, 5-, or 7-year initial guarantee period, the contract includes a 30-day window to make full or partial withdrawals without surrender charges or MVA. If no action is taken, the contract automatically renews with new rates, a fresh surrender schedule, and MVA provisions. All included riders (ROP) continue to apply in the renewal period per contract terms.

SBLI USA Select Choice Plus NY MYGA with ROP Rider (Option 2) 

is a single premium deferred fixed annuity that

includes the Return of Premium Rider, ensuring that at least your full initial premium (less prior withdrawals and applicable taxes) is returned if the contract is surrendered. Additionally, this option includes waivers for terminal illness and confinement, where available. It is a good fit for conservative clients who value principal protection.

Withdrawals are subject to both withdrawal charges and a Market Value Adjustment (MVA), which may increase or reduce the payout.

No penalty-free withdrawal feature; all withdrawals may incur charges and MVA.

At the end of the 3-, 5-, or 7-year initial guarantee period, the contract includes a 30-day window to make full or partial withdrawals without surrender charges or MVA. If no action is taken, the contract automatically renews with new rates, a fresh surrender schedule, and MVA provisions.

The surrender value equals the contract’s accumulation value minus any applicable surrender charges and MVA.

SBLI USA Select Choice Plus NY MYGA (Option 1)

 is a single-premium, multi-year guaranteed annuity offering fixed interest over a chosen guarantee period (3, 4, 5, or 7 years) with SBLI USA. Withdrawals during the guarantee (withdrawal charge) period are subject to charges (and Market Value Adjustment if applicable), although optional riders (e.g. penalty-free withdrawals, return of premium) can provide additional flexibility. It features tax-deferred accumulation, a minimum premium of US$2,000, issue ages up to 85.

SBLI USA Select Choice NY MYGA with Return of Premium (ROP) and Penalty-Free Withdrawal (PFW) Riders

the most flexible version of the Select Choice NY product. It combines the benefits of both the Return of Premium (ROP) and Penalty Free Withdrawal (PFW) riders, providing policyholders with guaranteed access to their initial premium and the ability to withdraw up to 10% of their contract value annually, beginning in the second year, without incurring withdrawal charges or market value adjustment (MVA). Additionally, this option includes waivers for terminal illness and confinement, where available. It is ideal for clients seeking security, liquidity, and growth through a fixed rate MYGA with strong downside protection.

SBLI USA Select Choice NY MYGA with Penalty-Free Withdrawal (PFW)

 Rider (Option 3) is a single premium deferred fixed annuity that adds liquidity flexibility through a built-in Penalty-Free Withdrawal (PFW) rider. This option allows contract holders to access up to 10% of their contract value annually, free of withdrawal charges or market value adjustment (MVA), starting in the second contract year. It also includes waivers for terminal illness and confinement (where available), making it well-suited for clients who value access to their funds in case of unforeseen circumstances while still earning competitive fixed interest rates over a guaranteed 3-, 5-, or 7-year term.

 with Return of Premium (ROP) Rider (Option 2) is a single premium deferred fixed annuity that

This is a single premium deferred annuity issued in New York by SBLI USA Life Insurance Company, Inc., a Prosperity Life Group company. It offers fixed-rate accumulation for terms of 3, 5, or 7 years with a guaranteed renewal option. No liquidity riders are included in this base contract.

SBLI USA Select Choice NY MYGA (Option 1)

 is a single-premium, multi-year guaranteed annuity offering fixed interest over a chosen guarantee period (3, 4, 5, or 7 years) with SBLI USA. Withdrawals during the guarantee (withdrawal charge) period are subject to charges (and Market Value Adjustment if applicable), although optional riders (e.g., penalty-free withdrawals, return of premium) can provide additional flexibility. It features tax-deferred accumulation, a minimum premium of US$2,000, and issue ages up to 85.

SBLI (MA) – ECAccumulate MYGA

SBLI USA Select Choice Plus NY MYGA with ROP and PFW Riders (Option 4)

SBLI USA Select Choice NY MYGA with PFW Rider (Option 3)

SBLI USA Select Choice Plus NY MYGA with ROP Rider (Option 2)

SBLI USA Select Choice Plus NY MYGA - Base Policy (Option 1)

SBLI USA Select Choice NY MYGA with ROP and PFW Riders (Option 4)

SBLI USA Select Choice NY MYGA with PFW Rider (Option 3)

SBLI USA Select Choice NY MYGA with ROP Rider (Option 2)

SBLI USA Select Choice Plus NY MYGA - Base Policy (Option 1)