Axonic Waypoint 2 MYGA
Current Fixed Rates
| 5.10% | $100,000 | — | $1,000,000 |
| 4.80% | $20,000 | — | $99,999 |
The Axonic Waypoint 2 MYGA is a short, single-premium annuity with a two-year rate guarantee. After two years, owners have a 30-day window to withdraw, transfer, or exchange their full account value. If no action is taken, a new guarantee period begins with a new declared interest rate.
Two rate bands are offered, with the highest rate credited to deposits above $100K. Lower rates are available for amounts between $25K – $99.9K. The contract automatically includes a Market Value Adjustment in most states.
Qualified and non-qualified funds are accepted, including most types of IRAs. Free withdrawals up to 10%, and RMDs are available beginning in year 2. There are no surrender penalties charged at death.
More Annuity options from: Axonic Insurance
Notable Features
The policy offers Terminal Illness and Nursing Home surrender charge waivers at no charge. Please see the brochure/contract for more details. Joint ownership is available for spouses of the insured. At maturity, owner/annuitants have several(optional) annuitization options for income. Annuitization is not required, however. All funds can be withdrawn as a lump sum if desired.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
2 Years
Free Withdrawals Yr1 / Yr2+
0% / 10%
Additional Withdrawal Information
After 12 months, owners can withdraw up to 10% of the previous year's contract value at anniversary. Required Minimum Distributions for IRA accounts are also available in year two.
Surrender Schedule
9%, 8%, 0%
Maximum Age
89
Minimum Investment
$100,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
This is a short, two-year fixed annuity policy offered by an A- rated carrier. Interest rates with Axonic are often near the top nationally. Free liquidity of 10% begins in year two. There are no surrender charges at passing and optional settlement options at maturity. Policies can be issued up to age 89.
Other Popular Products
Axonic specializes in guaranteed fixed (MYGAs) and indexed annuities. Their newest offerings are a suite of fixed-indexed annuities called the Trailhead FIA and Highline FIA products. These accounts are popular both for their annuity premium bonuses and S&P indexes with guaranteed rate locks and caps.
About Axonic Insurance
Axonic Insurance
AM Best Rating: A- Excellent (4th of 13 ratings)
https://www.axonicinsuranceservices.com/
About Axonic Insurance Services
Founded in 2022, Axonic Insurance Services is a newer annuity carrier with an excellent A- AM Best rating. Their issuing carrier is AmFirst Life Insurance Company. Recently, they secured a $210 million investment that further strengthens their investment portfolio.
They specialize in multi-year guaranteed annuities offered in the US and abroad. They also offer bonus indexed annuity account options for growth and income.
Axonic uses different distribution partners to offer a wide array of guaranteed fixed annuities. Banks, broker-dealers, registered investment advisors, and independent agents affiliated with the LIBRA Insurance Partners Network (or on their own) have access to unique fixed annuity contracts.
The company’s stated mission is to offer high-quality annuities and investments based on strong fundamentals and expertise. They serve both individual and institutional investors.