Ibexis MYGA Plus Annuity
Ibexis MYGA Plus Annuity Details
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%.
The MYGA Plus™ offers 2 ways to earn interest:
Multi-Year Guaranteed Fixed Option
A Multi-Year Guaranteed Fixed Option (MYGA) that pays an annual rate of simple interest that is guaranteed for the term of the annuity.
An Index-Linked Option that pays a higher rate of interest than the Fixed Option, if the selected index value is higher than the previous years value.
Finding Additional Yield Potential
A consistent theme for many consumers is wanting the highest guaranteed interest rate possible with the lowest amount of risk to their principal. For many years, this could be achieved simply by purchasing a fixed rate product (such as a fixed annuity). However, balancing competitive rates with safety of principal has become increasingly difficult.
Many consumers have purchased products with low rates instead of going further out on the risk spectrum to achieve higher potential returns. The new Ibexis MYGA Plus™ provides a guaranteed rate “bucket” as well as an S&P 500 Indexing Option – the best of both worlds!
Approved In: AK, AR, AZ, CO, CT, DC, DE, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, OH, OK, OR, PA, RI, SC, SD, UT, VA, WA, WV, and WY
Ibexis Life And Annuity Insurance Company Ratings
Ibexis Life And Annuity Insurance Company is rated A- by AM Best.
Learn more about what these financial ratings mean