MYGA Rate Increase Effective 04/29/2024
Did you hear the news? We’re having a rate increase on 4/29 on the MyGuarantee Plus 7 with a new rate of 5.35% with ($100K+ Premium)
MYGA: Please see attached MYGuarantee Plus 5 and 7 rate sheet for specifics:
- Looking for a 5-year rate? for premiums of $100k or more the rate will increase to 5.5% for the 5 Year Guarantee Period.
- *Please note the MyGuarantee Plus is available for E-submission only and is NOT available in NY or CA*
- Key aspects of MyGuarantee plus:
- It’s “walk away” at the end of the initial surrender period, no recurring surrender period.
- 10% penalty free withdrawals available in year one (no charge back after first 30 days)
- Will accept up to $2,000,000 premium and will consider more with prior home office approval.