CUSIP Number:
597610757
CUSIP Name:
5 Year Annuity
Product Policy Type:
Fixed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The MNL Guarantee Ultimate 5 is a single premium deferred annuity with a market value adjustment. The initial minimum contribution is $2,000 qualified and $10,000 non-qualified. Interest may be withdrawn beginning thirty days from policy issue. Systematic withdrawals are also an option. Surrender charges vary by state and are waived in the event of annuitization, death or entrance into a nursing home. There is a 30-day window at the end of the guaranteed period in which to renew or withdraw the account value without surrender or MVA charges. Withdrawals may be subject to Federal/State income tax, and if taken prior to age 59 1/2, a 10% Federal Penalty tax. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not securities or bank products protected by the FDIC.
Last Modified:
30 Aug 2023 20:21