National Security Insurance MYGA 3
Current Fixed Rate
4.75%
The National Security MYGA 3 is a single premium, fixed annuity with a three-year rate lock. After three years, owners can take a full or partial withdrawal, transfer their account, or renew for a new term. If no action is taken, a new term begins with a new guarantee period and surrender charges.
At passing, beneficiaries receive the full account value with no surrender charges applied. This policy accepts non-qualified funds only. Available in only a select few states.
More Annuity options from: National Security Life
Notable Features
Only non-qualified (post tax) funds are accepted. This policy does not accept IRA or pre-tax funds of any kind.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
3 Years
Free Withdrawals Yr1 / Yr2+
0% / 10%
Surrender Schedule
9%, 8%, 7%, 0%
Maximum Age
85
Minimum Investment
$25,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
Low minimums to start with 10% free withdrawals beginning in year 2. No surrender penalties at passing.
Other Popular Products
Beyond MYGAs, The National Security Group also offers life, health, accident, property and casualty insurance coverage.
About National Security Life
National Security Life
AM Best Rating: B Fair (7th of 13 ratings)
https://www.nationalsecuritygroup.com/