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 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.
  • Available for ages from 0 – 90
  • Interest rate guaranteed for 5 years, Contact Us for rates!2
    • $1,000 – $25,000 premium3 
    • $25,001 – $100,000 premium3  
    • $100,001 – $1,000,000 premium3 
  • Qualified or Non-Qualified funds
  • Earnings are taxable only upon withdrawal4
  • Safe and secure, backed by the claims-paying ability of 1891 Financial Life
  • High-quality portfolio underlies your investment
  • Contract renews at a competitive interest rate2
  • Riders are included at no cost!
    • Free Partial Withdrawal Rider.  Beginning in the second year, withdrawal charges will be waived on a withdrawn amount that is less than or equal to 10% of the accumulation value (as of the preceding certificate anniversary). A withdrawal charge will be applied only to amounts in excess of the 10% accumulation value each certificate year.
    • Terminal Illness/Nursing Home or Hospital Confinement Rider.  If you are diagnosed as terminally ill or are confined to a nursing home, the withdrawal charge will be waived on a single withdrawal of up to 100% of the accumulation value. Not available in CA.
    • Enhanced Death Benefit Rider.  When the Owner dies the Death Benefit amount will be the Accumulation Value on the date of the death. Withdrawal Charges will be waived.

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, 3

 

DISCLOSURE

Subject to change at any time. Products/features available in CA, CO, IL, IN, IA, KS, MI, MN, MO, MT, NE, ND, OH, OR, SD, WA, and WI unless otherwise specified. Product descriptions are not a statement of contract; please refer to the policy forms for full disclosure of all benefits and limitations.
1ICC20MYGA Plan Series.
2Guaranteed interest rate for 5 years; renews at a competitive rate, renewal rate will not be less then the minimum guaranteed interest rate.
3Call the home office for premiums over $1,000,000.
4Consult your tax advisor regarding your individual situation. ROTH not taxed when withdrawn. A nominal withdrawal charge applies within the five (5) years. IRS may impose a penalty on withdrawals made prior to age 59½.