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 MYGA6 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.
Product Features:
-
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
-
Six year surrender charge period: 6%, 5%, 4%, 3%, 2%, 1%, and 0% in years seven and after
-
Minimum initial premium of $10,000
-
No minimum issue age; maximum issue age of 90; 79 for Beneficiary NTQ annuities (applies to both owner and annuitant.)
-
Retirement Options: Traditional IRA, Roth IRA, SEP IRA, TSA/403(b)
| Rate Band | Interest Rate | |
| $10,000 - $49,999 | 3.85% | |
| $50,000 - $99,999 | 4.10% | |
| $100,000 - $249,999 | 4.15% | |
| $250,000 + | 4.20% | |
Interest rates as of June 12, 2023.
Form No. ICC22-SPDA with stat-specific variations.
