SBLI USA Select Choice Plus NY MYGA with ROP and PFW Riders (Option 4)
About this product
SBLI USA Select Choice Plus NY MYGA with ROP and PFW Riders (Option 4) is 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.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 3 Years | 4.10% |
| 5 Years | 4.10% |
| 7 Years | 4.15% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $2,000.00 - $99,999.00 | 3.55% |
| $100,000.00 - $1,000,000.00 | 4.1% |
| 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