AM Best Rating: A-
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
The Knighthead Staysail Annuity pays simple interest. There are no free withdrawals available, but you may elect to add 10% free withdrawals for a reduction of .20%.
This may be a good option if you plan to withdraw your interest, since compounding does not come into effect.
The Knighthead Staysail Annuity offers flexibility with three flexible terms, a 3, 5, and 7 year contract.
