Simulation & Edit Mode
Active Product: SBLI USA Select Choice Plus NY MYGA - Base Policy (Option 1)
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.
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 | 4.60% |
| 5 Years | 4.70% |
| 7 Years | 5.05% |
Available Guarantee Periods
Rates based on investment amount $100,000.00
| $2,000.00 - $99,999.00 | 4.15% |
| $5,000.00 - $99,999.00 | 4.15% |
| $100,000.00 - $1,000,000.00 | 4.60% |
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 | 5.05% |
| 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