DirectGrowth Multi-Year Guarantee Annuity™
Marketing Name: Revol One Financial
Revol One Insurance Company is responsible for its own financial and contractual obligations. It is not authorized to conduct business in the state of New York.
Not FDIC/NCUA Insured • May Lose Value • Not Bank/CU Guaranteed • Not a Deposit • Not Insured by Any Federal Government Agency
What is a Multi-Year Guarantee Annuity (MYGA)?
A Multi-Year Guarantee Annuity, often referred to as a MYGA, is a fixed annuity designed for long-term financial goals. Your principal grows tax deferred with a guaranteed fixed interest rate for your chosen term. With a MYGA, you also have the option to receive a guaranteed income stream.
Benefits of DirectGrowth MYGA
- Tax deferred growth: 100% of your Accumulation Value grows tax deferred; taxes on growth are not paid until you withdraw your funds.
- Principal protection: Your principal and interest earnings are protected, regardless of what happens to the markets.
- Guaranteed rates: Your fixed interest rate is guaranteed for the period you select: 3, 5, 7, or 10 years.
- Death benefit: A death benefit equal to the Cash Surrender Value (or Guaranteed Minimum Cash Surrender Value, if greater) is available to your beneficiary upon your death.
Accelerated Growth Through Compounding
Interest earnings are reinvested without taxation until withdrawn, allowing for more money to compound and grow over time.
Potential Tax Savings at Retirement
When accessing funds in retirement, you may find yourself in a lower tax bracket, potentially paying less in taxes.
The Power of Tax Deferral
This hypothetical example compares the value of $100,000 earning a 5% rate of return in a non-deferred taxable account versus a tax-deferred account over 20 years:
| Years | Tax Deferred Account (Before Taxes) | Tax Deferred Account (After Taxes) | Non-Deferred Taxable Account |
|---|---|---|---|
| 10 | $150,000 | $120,000 | $110,000 |
| 20 | $265,330 | $220,691 | $204,826 |
This example is for illustrative purposes only. Individual results may vary.
Optional Riders
- Free Partial Surrender Rider: Withdraw up to the greater of your interest earnings or Required Minimum Distribution amount (RMD).
- Enhanced Death Benefit Rider: Includes Nursing Home and Terminal Illness Riders, waiving surrender charges and Market Value Adjustments (MVAs).
Surrender Charges
| Policy Year | 3-Year Period | 5-Year Period | 7-Year Period | 10-Year Period |
|---|---|---|---|---|
| 1 | 9% | 9% | 9% | 9% |
| 2 | 8% | 8% | 8% | 8% |
| 3 | 7% | 7% | 7% | 7% |
| 4 | 0% | 6% | 6% | 6% |
| 5 | 0% | 5% | 5% | 5% |
| 6 | 0% | 0% | 4% | 4% |
| 7 | 0% | 0% | 3% | 3% |
| 8 | 0% | 0% | 0% | 2% |
| 9 | 0% | 0% | 0% | 1% |
| 10 | 0% | 0% | 0% | 0.9% |
Product Highlights
- Guarantee Periods: 3, 5, 7, and 10 years
- Issue Ages: 18-85 (Qualified funds), 18-90 (Non-Qualified funds)
- Minimum Premium: $25,000
- Maximum Premium: $1,000,000 (higher amounts require approval)
Important Information
Suppose the Free Partial Surrender Rider is elected. In that case, the Free Partial Surrender Amount is equal to the Accumulation Value at the beginning of the Contract Year multiplied by the guaranteed fixed interest rate, less any prior partial surrenders made during the Contract Year. No Surrender Charges or Market Value Adjustments will be applied for any partial surrenders necessary to meet IRS RMD rules for tax-qualified contracts if this rider is selected. If you withdraw an amount more than the Free Partial Surrender Amount, you may be subject to Surrender Charges and MVAs. Withdrawals of taxable amounts are subject to ordinary income tax and may be subject to a 10% federal income tax penalty if taken before age 59½. The Terminal Illness Rider and Nursing Home Rider are NOT long-term care insurance nor a substitute for such coverage. Riders may not be available in all states. Please see the contract for more information.
Additional information about the Nursing Home Rider:
First confinement must begin on or after the Issue Date. We must receive the withdrawal request and proof satisfactory to us at our Home Office after the Benefit Eligibility Date, and either while the Owner is confined or within 90 days after such confinement. Confinement in a Nursing Home must be prescribed by a Qualified Physician and must be Medically Necessary. The Owner must have been the Owner of the contract continuously since the Issue Date, or a spousal Beneficiary who continued the Contract under the Settlement Options in the Contract. For contracts with Joint Owners or Joint Annuitants, the Nursing Home Rider is activated upon the first instance of an owner being confined to a nursing home. State variations may apply. Please read your Contract for details.
Additional information about the Terminal Illness Rider:
A Qualified Physician must certify to the Owner’s illness or injury and life expectancy, and that the Owner had not been diagnosed with the terminal condition as of the Issue Date. The Owner must have been the Owner of the contract continuously since the Issue Date or a spousal Beneficiary who continued the Contract under the Settlement Options in the contract.
For contracts with Joint Owners or Joint Annuitants, the Terminal Illness Rider is activated when the second owner (or Annuitant) is diagnosed with a terminal illness. State variations may apply. Please read your Contract for details. Guarantees are subject to the financial strength and claims-paying ability of Revol One Insurance Company and subject to the terms and conditions of the product. Surrender and withdrawal charges may apply.
Withdrawals and surrenders are subject to federal and state income tax and may be subject to an IRS penalty if taken prior to age 59½. This material is intended to provide educational information regarding the features and mechanics of the product. The contract associated with the product will contain actual terms, definitions, limitations, and exclusions that apply. This material should not be considered, and does not constitute, investment, legal or tax advice or recommendations.
Revol One Insurance Company is not acting in any fiduciary capacity with respect to any annuity contract. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your tax or legal counsel for advice.
DirectGrowth™ MYGA is issued by Revol One Insurance Company, 11259 Aurora Avenue, Urbandale, Iowa 50322. DirectGrowth™ MYGA is available in most states with Contract number ICC24-RO-DTCM, ICC24-RO-DTCMSCH and other related forms. Products and features are subject to state variations and availability. Read the contract for complete details.
