Ibexis MYGA Plus Annuity | 5.10% for 5 Years

It’s never too early to start planning for retirement. Selecting a strategy that works best involves assessing your goals, time horizon, and risk tolerance. 

Ibexis MYGA Plus Annuity is an innovative product that combines a daily guaranteed interest crediting method with an Indexed Linked Option. The Indexed Linked Option allows you to allocate a portion of your annuity to a guaranteed interest rate option as well as to an index annuity crediting strategy offering more upside potential while still ensuring principal protection.

For the duration of the contract, you earn a fixed interest rate that is fully credited to your account every year if the S&P 500® Index gains in any annual period. If it goes up (no matter how much), you get the full fixed rate promised to you at the inception of your contract and any subsequent term.

This annuity provides an accumulation value that earns interest through a fixed account with a guaranteed interest rate that is set for a 3-, 5- or 7-year period. This annuity also provides several options for accessing funds.

Ibexis MYGA Plus Annuity may be appropriate for individuals who:

• Want a CD alternative due to low CD rates.
• Seek to accumulate money for retirement.
• Have a conservative risk tolerance and want to invest an inheritance or other lump sum.
• Want to secure a fixed annuity payment but not immediate income.

1. Withdrawal any amount free of charges and fees.
2. If you do nothing, the contract renews for the same term at the rates available at that time. Renewal rates for guarantee periods will be based on current economic conditions and are guaranteed to be no less than the guaranteed minimum interest rate of 1.00%.

GUARANTEED RATE LOCK PERIOD

The rate is locked in for 45 days from the date the application is signed. If the funds are received after that period the rate might be subject to change and you will receive the rate in effect at that time.

FREE-LOOK PERIOD

30 days

WITHDRAWALS

• 10 % Free Withdrawals of accumulated interest beginning year two.
• Interest-only withdrawals: Yes
• Cumulative: No
• Market value adjustment (MVA): Yes
• Return of premium: No

Two automatic payment options for payment of either a specific amount or interest only on a repetitive basis. Minimum payment per mode is $100.
Frequency: monthly, quarterly, semiannual or annual

Extended Care Waiver
• Eligibility begins after the first contract anniversary
• Must be confined to a Hospital or certified Long Term Care facility
for 90 consecutive days
• Not available in all states

Terminal Illness Waiver
• Eligibility after the first contract year, however diagnosis may have
occurred prior
• Diagnosis must be by a certified physician that death will occur in 12
months or less
• Not available in all states

Ibexis MYGA Plus Annuity Brochure

Taxes:

In general, annuities grow tax-deferred, meaning you don’t pay taxes until you withdraw your money from the annuity.

When you withdraw from your annuity the interest earned will be taxed at your ordinary-income tax rate.

Non-Qualified Annuity

Non-qualified funds are cash, checking, savings, life insurance cash value, etc. Only the interest you have earned will be taxed as ordinary income.

Qualified Annuity

Qualified funds are 401k, IRA, SEP, 403b, TSA, etc. Both principal and interest will be taxed as ordinary income as you withdraw money.

Roth IRA Annuity

Withdrawals from Roth IRA annuities are tax-free if the IRS requirements are met.

Early-Withdrawals

If you withdraw money from your annuity before you turn age 59½, you may receive a 10% IRS penalty in addition to paying ordinary income taxes.

Pros of the The Ibexis MYGA Plus

• Pays a guaranteed interest rate much higher than current CD Rates are paying.
• Your interest grows tax-deferred meaning you do not pay taxes on your interest until you withdraw it from your annuity.
• The death benefit is full account value and may avoid probate.
• Liquidity options provide you the access to the money that you need.