Go for Your Goals with Five-Year Gains

Say hello to 1891 Financial Life’s “no surprises” annuity, a product that takes the guesswork out of growth. The 5-Year Multi-Year Guaranteed Annuity offers protection and the earnings and peace of mind that only a guaranteed1 fixed return can provide. So, if you find the concept of tax deferral very appealing … think that your circumstances might change … or are looking ahead to retirement relatively soon and want to set up an income stream from your investment, our product features and optional riders give you freedom and flexibility while your earnings accumulate tax-deferred.

Product Specs

Check out a brief overview of our 5-Year Multi-Year Guaranteed Annuity product (MYGA)1.
  • Tax-deferred growth of account value is guaranteed1
  • Tax-deferred interest accumulates over 5 years, compounded annually
  • Earnings are taxable only upon withdrawal2
  • Safe and secure, backed by the claims-paying ability of 1891 Financial Life
  • High-quality portfolio underlies your investment
  • Available for ages from 0 - 853
  • Premium amounts available from $5,000 – $250,0004
  • Contract renews at a competitive interest rate
  • Optional contract riders available immediately5:
    • Enhanced Death Benefit equals the accumulation value on the date of the annuity owner’s death; withdrawal charges will be waived.
    • Terminal Illness/Nursing Home or Hospital Confinement waives the withdrawal charge on a single withdrawal of up to 100% of the accumulation value if you are diagnosed as terminally ill or are confined to a nursing home. Not available in CA.
  • Optional contract riders available as of the second certificate year5,6:
    • Accumulated Interest allows you to withdraw the accumulated interest credited to your certificate without incurring a withdrawal charge (minimum withdrawal $100).
    • Penalty-Free Withdrawal waives withdrawal charges on a withdrawn amount less than or up to 10% of the accumulation value (as of the preceding certificate anniversary). A withdrawal charge will apply only to amounts withdrawn in excess of the 10% accumulation value each certificate year.
    • Required Minimum Distribution (RMD) waives withdrawal charges for RMDs for the certificate. The RMD will be calculated as indicated under the internal revenue code governing such distributions.

FAQs

What is an MYGA?

A multi-year guaranteed annuity (MYGA) is a tax-deferred retirement savings product that provides a guaranteed rate asset accumulation over a set period of years, earning a fixed interest rate and tax-deferred guaranteed account value. After each period of years, the annuity resets for another guaranteed interest rate period, locking in the continued growth which is compounded annually. 1, 2

 

DISCLOSURE

Subject to change. Products/features may not be available in all states.
120MYGA Plan Series, Guaranteed interest rate for 5 years; renewal rate based on market conditions, each renewal period includes withdrawal charges.
2Consult your tax advisor regarding your individual situation. A nominal withdrawal charge applies within the five (5) years. IRS may impose a penalty on withdrawals made prior to age 59½.
3Call the Home Office for ages over 85.
4No more than $250,000 in total 1891 Financial Life annuity contributions per household.
5Each rider will reduce interest rate.
6Only one of these riders may be selected at a time.