CUSIP Number:
31578L167
CUSIP Name:
MVA Annuity
Product Policy Type:
Fixed Annuity
Inception Date:
13 Dec 2021
Close Date:
CUSIP Note:
Scrap Book:
F&G Secure MYGA 5 MVA is a Single Premium Deferred Annuity with a Market Value Adjustment. The initial minimum contribution is $20,000 qualified and non-qualified. Available after contract issue, up to 10% of the account value annually during the initial fixed interest rate guarantee period may be withdrawn without incurring a penalty. Systematic withdrawals are an option. Surrender charges are five years in duration (9%, 8%, 7%, 6%, 5%) and are waived in the event of annuitization, death, nursing home, diagnosis of a terminal illness, or impairment. At the end of the initial interest rate guarantee period, the contract will automatically renew into a 1-year renewal interest rate guarantee period with no surrender charges or market value adjustment. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. 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 a bank product protected by the FDIC.
Last Modified:
09 Nov 2023 10:43