S.USA Select Choice MYGA - Base + Penalty Free Withdrawal Rider (Option 3)
About this product
S.USA Select Choice MYGA – Base + Penalty-Free Withdrawal 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.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 3 Years | 4.70% |
| 5 Years | 5.10% |
| 7 Years | 5.30% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $5,000.00 - $99,999.00 | 4.45% |
| $100,000.00 - $1,000,000.00 | 4.7% |
| 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