The Knighthead Staysail Annuity pays simple interest. This means your interest will not compound and earn interest on the interest you earn. The Knighthead Staysail Annuity does not offer any free withdrawal options.
You can elect to have 10% free withdrawals annually for a reduction of 0.30% for the 3-Year GOP, 0.40% for the 5-Year GOP, and 0.50% for the 7-Year GOP.
The Knighthead Staysail Annuity may be a good option if you plan to withdraw your interest, as compounding does not come into effect in that scenario.
The Knighthead Staysail Annuity offers flexibility with three flexible terms: a 3-year, 5-year, and 7-year contract. You can compare the Knighthead Staysail Annuity to today’s top fixed annuity rates here.
Knightshead Staysail Annuity Specs
Minimum & Maximum Investment:
$100,000 – $2,000,000
Rate Banding:
There are 2 different rate bands:
$10,000 – $99,999
$100,000 – $2,000,000
Age Limits:
0-85
Free Look Period:
30 days
Rate Lock Period:
60 days
Riders & Features Available:
Terminal Illness Waiver
Confinement Waiver
Death Benefit
10% Free Withdrawals Waiver
AM Best Rating: A-
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