S.USA Select Choice Plus MYGA – Base + Penalty-Free Withdrawal Rider (Option 3)
About this product
S.USA Select Choice Plus MYGA with Penalty Free Withdrawals (Option 3) is a fixed multi-year guaranteed annuity (MYGA) designed for clients who value annual liquidity alongside guaranteed accumulation. This option includes a Penalty-Free Withdrawal (PFW) rider, which allows policyholders to withdraw up to 10% of their annuity's accumulated value, without incurring surrender charges or Market Value Adjustment (MVA). Terminal illness and confinement waivers are also included, adding a layer of protection in the event of unexpected health events.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 3 Years | 4.60% |
| 5 Years | 4.90% |
| 7 Years | 5.05% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $5,000.00 - $99,999.00 | 4.35% |
| $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