AM Best Rating
A- Excellent (4th of 13 ratings)
Company Website
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
Rate
5.30%
Term
5 Years
Minimum Investment
$100,000
Maximum Investment
$3,000,000 without prior approval
Maximum Age
100
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
What We Like About This Annuity
This policy can be purchased up to age 100. Free 5% withdrawals after twelve months. Several chronic illness waivers for penalty free access to principal.
Notable Features
At no cost, this policy includes terminal illness, nursing home, hospitalization, confinement, and long term care waivers allowing for full or partial surrenders of contract.
Other Popular Products
While primarily known for they fixed rate MYGA accounts, Guaranty Income Life also offers a popular fixed-indexed annuity called their WealthChoice FIA.
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About Guaranty Income Life Insurance Company
Domiciled in Baton Rouge, Louisiana, this annuity-focused company has serviced their customers since 1926. They boast an A- rating with AM Best and are backed by Kuvare US Holdings – a company managing over $33 billion in assets.
They are committed to offering personalized financial solutions to their clients for income and growth. Prompt service is one of their top priorities.