Ibexis MYGA Plus Annuity
Minimum Deposit: $100,000 | 5.80% (5.65% for $10,000+)
The Ibexis MYGA Plus pays simple interest not compounding interest. If you do not intend to withdraw your interest each month this may not be the best annuity rate (APY) available.
Ibexis MYGA Plus Annuity Details
|Base rate||5.80% ($100K+)|
|Rate guaranteed||5 years|
|Guaranteed yield to surrender||5.80% ($100K+)|
|Guaranteed minimum renewal rate||.05%|
|Market value adjustment||Yes|
|Return of premium||No|
|Free Look Period||30 Days|
|Owner||0 – 85|
|Annuitant||0 – 85|
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.
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, TX, UT, VA, WA, WV, and WY
The Ibexis MYGA Plus Annuity offers 2 ways to earn interest
Finding Additional Yield Potential
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.
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 the safety of principals 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!
If you’d like an opportunity for more upside potential while maintaining principle protection you may want to consider a fixed index annuity.