Simulation & Edit Mode
Active Product: SBLI USA Select Choice NY MYGA with ROP and PFW Riders (Option 4)
SBLI USA Select Choice NY MYGA with ROP and PFW Riders (Option 4)
About this product
SBLI USA Select Choice NY MYGA with Return of Premium (ROP) and Penalty-Free Withdrawal (PFW) Riders is 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.
Important Disclaimer
The results displayed here are for simulation purposes only and do not represent financial advice or real-world values. Please consult a qualified financial professional before making any investment decisions.
Available Rates
| 3 Years | 4.35% |
| 5 Years | 4.30% |
| 7 Years | 4.55% |
Available Guarantee Periods
Rates based on investment amount $100,000.00
| $5,000.00 - $99,999.00 | 3.90% |
| $100,000.00 - $1,000,000.00 | 4.35% |
Features
| Maximum Issue Age | 85 years |
Growth Projection
How your money grows
Based on your issue age (55) and target payout age (62), the following guarantee period will be applied:
| Guarantee Period | 7 years |
| Rate | 4.55% |
| Age | 55 - 62 |
Summary
| Total years to payout | 30 |
| Total guarantee periods applied | 5 |
Lifetime Income Details
Payout Options
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