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.
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
Fixed Annuity Rate
3.35%
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
Insurance Company
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
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 funds are 401k, IRA, SEP, 403b, TSA, etc. Both principal and interest will be taxed as ordinary
income as you withdraw money.
Withdrawals from Roth IRA annuities are tax-free if the IRS requirements are met.
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 is 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.
Complete your annuity application electronically.
Compare live annuity rates from more than 50 annuity companies
Get a fixed, income or fixed index annuity quote online.
Get instant life insurance quotes online.
Access more than 20 calculators.
Make informed buying decisions.
Sign Up to Receive Monthly Annuity Rate Updates
Education
Annuities are distributed by My Annuity Store, Inc. Guarantees are subject to the claims-paying ability of the insurer. My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clients on the purchase of non-fixed annuity products. The information presented here is not intended to be a recommendation to purchase a fixed annuity, fixed index annuity, immediate annuity, longevity annuity, Qualified Longevity Annuity Contract, long-term care annuity, or any other investment or insurance product. Kiara Caudill California License: 4109080.
The contract features described may not be current and may not apply in the state in which you reside. Insurance companies often issue contracts that are ‘state-specific’. Insurance companies also change their products and information often and without notice. Annuities are subject to the terms and conditions of the specific contract issued by the insurer, are not FDIC or NCUA insured, are not bank guaranteed, may lose value, and are not a deposit. Please call (855) 583-1104 if you have any questions or concerns.
The information presented here is not a representation regarding the suitability of any concept or product(s) for an individual and is not intended to be tax or legal advice. You should always consult your own financial planning, tax, and legal advisors to determine if a fixed annuity, fixed index annuity, immediate annuity, longevity annuity, or Qualified Longevity Annuity Contract is suitable in your financial situation.