Western United Navigator Ultra MVA 5
Current Fixed Rate
5.45%
The Western United Life Navigator Ultra MVA 5 is a single premium, fixed annuity with a five-year rate guarantee. After five years, owners have a 30-day window to withdraw, transfer, or renew their full account value. If no action is taken, a new 7-year term will begin.
Qualified and non-qualified funds are accepted. This policy includes a Market Value Adjustment. There are no free withdrawals and surrender penalties can apply at the death of the owner/annuitant.
More Annuity options from: Western United Life
Notable Features
This policy includes an annuitization waiver at no cost. However, surrender penalties (if applicable) apply at passing. Penalty free withdrawals are not allowed.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
5 Years
Free Withdrawals Yr1 / Yr2+
0% / 0%
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
Maximum Age
75
Minimum Investment
$10,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
Low minimums to start – only $10K required. Annuity is designed for growth and tax deferral. At times, this policy offers competitive rates nationally.
Other Popular Products
Western United offers alternative annuities with more liquidity features. The Discovery and Navigator Elite series offer lower rates with more withdrawal options for owners.
About Western United Life
Western United Life
AM Best Rating: B+ Good (6th of 13 ratings)
https://www.manhattanlife.com/
About Western United Life
Headquartered in Houston, TX and a subsidiary of Manhattan Life, Western United is a niche insurance company specializing primarily in annuities. Their parent insurer was founded in 1850 and is one of the oldest operational carriers in the US.
Together, Western United and Manhattan Life offer a wide array of coverage including life insurance, accident, dental, vision & hearing, mortgage protection, Medicare Supplements, as well as several other ancillary lines of business.