MYGA 3 year and 5 year With and Without MVA Available on Firelight

Earn With Certainty

RetireMax Secure is a multi-year guaranteed annuity (MYGA), which offers a fixed interest rate for a specific period.

A MYGA may be a good option for clients who want to lock in a higher interest rate and grow savings tax deferred.

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Rate Lock Procedures: https://agentblog.nationallife.com/annuity-rate-lock-101/

NEW!

• Guaranteed interest rate for 3 or 5 years 
• Minimum premium: $25,000 
• Rate bands (below $100,000; $100,000 and above); higher interest rate for $100,000+ 
• MVA option with higher interest rate

Other benefits include:

• Tax benefits
• Protected from market risk
• Access to money and true walkaway after surrender period
• Compound interest (not simple interest)
• No fees or expenses

Guaranteed Growth:

Grow savings with a guaranteed interest rate for a fixed period. After the initial term (3 or 5 years), the fixed interest rate is declared by National Life Group.

Tax Advantages:

Savings grow faster when interest compounds tax deferred.

Protection:

Never lose a penny of your deposit. Protect your money (and earned interest) from market downturns.

Access to Money:

Withdraw cash up to 10% annually without a surrender charge.   Depending on state availability, clients can access a portion of their accumulation value without a withdrawal charge if they become confined to a nursing care facility or are diagnosed with a terminal illness, starting in year two. 

To MVA or not MVA?

RetireMax Secure 3 and RetireMax Secure 5 are available with or without Market Value Adjustment (MVA). An MVA is an upward or downward adjustment that may be applied to amounts withdrawn during the 3-year or 5-year interest guarantee period.

The MVA options offer a higher guaranteed interest rate because this feature reduces National Life Group’s risk exposure.

How is the MVA calculated?

If the annuity is cashed in early or if more than the free yearly withdrawal amount (starting in year 2) is taken out, we compare the current 3-year or 5-year Treasury interest rate with the rate when the client got the annuity.

• If the Treasury interest rate has gone down, the payout your client receives is increased.
• If the Treasury interest rate has gone up, the payout is reduced.

The adjustment is based on the size of the rate change and on the time left in the rate guarantee period. Excess withdrawals made early will have a bigger adjustment (for the same rate change) as excess withdrawals made towards the end of the guarantee period.

Choosing MVA or not

The MVA option may be beneficial to clients who think they’re unlikely to need early access to the surrender value of their annuity, because it offers a higher interest rate.

If clients leave the money in the annuity for the full three or five years (or only withdraw the yearly free withdrawal amount), the MVA isn’t triggered – and the payout is not adjusted. The MVA also doesn’t apply to the death benefit.