Course Outline
MYGA: Options After Guaranteed Interest Rate Period
For the SecurePath MYGA, after the Guaranteed Interest Rate Period, funds may be fully or partially:
- Surrendered with no surrender charge or MVA applied to proceeds.
- Annuitized, with proceeds taken as a selected payment option.
- Kept with Assurity at a 1-year guaranteed interest rate, declared at that time. No surrender charges or MVA will apply to subsequent withdrawals; or
- Surrendered, and the funds applied as an internal transfer to a new contract for an available multi-year guaranteed rate period, at an interest rate declared at that time.
After the guaranteed interest rate period, funds may be applied fully or partially to any of the following:
- Surrender
- Annuitization
- 1-Year Guaranteed Rate
- Multi-Year Guaranteed Rate
