SBLI USA Select Choice Plus NY MYGA - Base Policy (Option 1)
About this product
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.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 3 Years | 4.60% |
| 5 Years | 4.70% |
| 7 Years | 5.05% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $2,000.00 - $99,999.00 | 4.15% |
| $100,000.00 - $1,000,000.00 | 4.6% |
| Features | |
| Maximum Issue Age | 85 years |
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