Upstream Life Secure Legacy MYGA 2
Current Fixed Rate
5.30%
The Upstream Life Secure Legacy MYGA 2 is a single-premium, fixed annuity with a short two-year rate guarantee. After two years, owners have 30 days to fully withdraw, reinvest, or modify their account. If no action is taken, then a new maturity term will begin with new surrender charges.
Policy interest grows at a compounding rate when not withdrawn. Free accumulated monthly interest withdrawals are available after the first month.
Qualified and non-qualified funds are both accepted. Two optional riders (more below) are available. An MVA feature is included on all policies.
More Annuity options from: Upstream Life
Notable Features
The Death Benefit Rider must be included on policies when the annuitant is above age 81. This feature reduces the annual interest rate by .25% for the life of the policy. This rider is optional for those purchasing the policy under age 81.
A 10% Free Withdrawal Rider can also be added. This reduces the annual rate by .15% for the term of the policy.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
2 Years
Free Withdrawals Yr1 / Yr2+
Int / Int
Surrender Schedule
10%, 9%, 0%
Maximum Age
100
Minimum Investment
$10,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
This is a short two-year annuity offering a competitive rate nationwide with low minimums to start. Free monthly interest withdrawals are available after 30 days. Free Required Minimum distributions offered after the first contract anniversary date (12 months).
Other Popular Products
Upstream Life specializes in fixed annuities and securities. They offer multi-year fixed annuity contracts (MYGAs) ranging in length from 2 to 15 years.
About Upstream Life
Upstream Life
AM Best Rating: N/A (Company Not Rated with AM Best)
https://www.upstreamlife.us/
About Upstream Life Insurance Company
Established in 1912, Upstream Life specializes in multi-year guaranteed fixed annuities and securities. They are based in Oxford, Mississippi, and offer annuity policies in several states.
Working with independent insurance agents allows them to focus on product administration while outsourcing to their chosen sales teams. One of their core missions is to provide service to others and improve the communities where they live and work.
In Nov 2024, AM Best withdrew its rating as the company had requested to no longer participate in AM Best’s interactive rating process. At that time, AM Best moved them down from B- to C++.