MYGA Transition Rules
There will be a slight 10 bps decrease in Secure Saver (MYGA) rates beginning with sign date December 12 or later. Sign dates of December 11 or prior can qualify for the current rates.
There are no other rate changes at this time.
Transition rules – due to the dynamic interest rate environment, new business paperwork and funding must be received within the timeframes shown below, there will be not allowances outside of these parameters.
- Transfers/exchanges
- application and transfer/exchange forms must be received no later than 14 calendar days after sign date
- To get current rates the sign date must be December 11 or prior
- our LAD 1120 transfer/exchange form must be marked for Rate Lock near the bottom of Page 1
- a 60 day rate lock from the sign date will be given, premium must be received within 60 days
- application and transfer/exchange forms must be received no later than 14 calendar days after sign date
- Cash/check cases – we cannot rate lock funded cases
- Application and funds must be received no later than 14 calendar days after sign date. To get current rates the sign date must be December 11 or prior
Updated rate sheets are not yet available.