5.25%
2 Year
6.00%
3 Year
6.30% Simple
5 Year
6.00%
10 Year
Oceanview Harbourview 3 is a 3-year fixed annuity (CD Type Annuity) designed to be a high-yield retirement savings account with a guaranteed interest rate for 3 years.
Fixed Annuity Rate | 4.80% ($80K+) |
Contract Length | 3 Years |
Cancellation Policy | 20-Day Free Look Period |
Annual Penalty-Free Withdrawals | 10% |
Annual Fees | No Fees |
Minimum Premium | $10,000.00 |
Maximum Issue Age | Age 89 |
Death Benefit | Lump Sum, Spousal Continuation |
Premium Type | Single Premium |
Annuitization Required | No |
State Availability | Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin |
Oceanview Life and Annuity Company | |
Company Rating (A.M. Best) | A- (Excellent) |
Surrender Charge Waivers | None |
Maximum Premium | $1,000,000.00 |
Enhanced Benefits | None |
Premium Bonus (Up to) | None |
Accepted Funds | 401a, 401k, Cash, IRA, Non-Qualified Money, Qualified Retirement Plans, Roth IRA, TSA 403b |
Oceanview Harbourview 3 Multi-Year Guaranteed Annuity offers you the ability to grow your assets with a fixed interest rate and accumulate tax-deferred growth while preparing for a retirement income stream.
Advantages of a Multi-Year Guaranteed Annuity (MYGA)
Features
3-Year Surrender Charge Period
Taxes:
In general, annuities grow tax-deferred meaning you don’t pay taxes until you withdraw your money from the annuity. When your withdrawal 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.
Oceanview Life and Annuity are rated A- by AM Best and issues competitive yielding fixed annuities funded and supported by its asset manager’s 25 years of investment management experience.
Oceanview Life and Annuity have partnered with Oceanview Asset Management, a wholly-owned subsidiary of Bayview Asset Management to serve as Oceanview Life’s investment manager.
Bayview has a proven track record of investing since 1995 and will, through Oceanview Asset Management, LLC, manage Oceanview’s portfolio with an emphasis on high-quality mortgages and other related assets. As of November 2020, Bayview oversees approximately $16 billion in assets under management.
Transferring an annuity to a trust is a strategic move in estate planning. It involves shifting ownership of an annuity to a trust. This can offer several benefits. An annuity
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Understanding the Significance of Annuity Dates Annuity dates play a crucial role in financial planning. They determine when you start receiving income from your annuity. Understanding these dates is essential
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