Single-premium annuities turn a one-time, lump sum premium payment into guaranteed income for life. A solid foundation requires the right building blocks for the right job. Gleaner's Foundation MYGA2 can be a great financial solution for lump sums like inheritances and 401(k) rollovers. By depositing a one-time initial premium, you can watch your money grow tax-deferred with the power of compounding interest.
Multi-year interest rate guaranteed for the entire surrender charge period
Competitive multi-year interest rate with a guaranteed minimum of 1.00%
Allows withdrawal up to 15% of the account value per certificate year
Two year surrender charge period: 6%, 5%, and 0% in years three and after
Minimum initial premium of $25,000
No minimum issue age; maximum issue age of 95; 85 fo Beneficiary NTQ annuities (applies to both owner and annuitant.)
Retirement Options: Traditional IRA, Roth IRA, SEP IRA, TSA/403(b)
|Rate Band||Interest Rate|
|$25,000 - $49,999||3.95%|
|$50,000 - $99,999||3.95%|
|$100,000 - $249,999||4.25%|
Interest rates as of May 1, 2023.
Form No. ICC22-SPDA with state-specific variations.