Farmers Life Safeguard Plus MYGA
The Farmers Life Safeguard Plus MYGA is a CD-type annuity that pays a set interest rate for the length of the term with free withdrawals of interest.
Oceanview Harbourview 4 is a 4-year fixed annuity (CD Type Annuity) designed to be a high-yield retirement savings account providing a guaranteed interest rate for 4 years.
Advantages of a Multi-Year Guaranteed Annuity (MYGA)
Features
4-Year Surrender Charge Period
Fixed Annuity Rate (Up to) | 4.10% |
Contract Length | 4 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 |
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.
The Farmers Life Safeguard Plus MYGA is a CD-type annuity that pays a set interest rate for the length of the term with free withdrawals of interest.
Nationwide Secure Growth Annuity 7 Minimum Deposit: $10,000 | 5.15% Deposits $100,000+ | 5.35% The Nationwide Secure Growth 7 is a 7 Year Fixed Annuity
The Nationwide Secure Growth 5 Annuity is an individual, single-purchase payment, deferred fixed annuity designed for long-term savings.
Ibexis MYGA Plus is an innovative annuity product that combines a daily guaranteed interest crediting method with an Indexed Linked Option.
North American Guarantee Plus Annuity can help protect your retirement savings, while also offering the potential for higher interest rates.
The Sentinel Security Personal Choice 5 Annuity is a 5 Year Fixed Annuity designed to be a high-yield retirement savings account.
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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.
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 for your financial situation. Kiara Caudill California License: 4109080.
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