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Western United Navigator Elite MVA 5

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Company Information

Company Name

Western United Life

Western United Life Annuities

Product Name

Western United Navigator Elite MVA 5

Description

The Navigator Elite 5 is a single premium, fixed annuity with a five-year rate guarantee. After five years, owners have a 45-day window to withdraw, transfer, or renew their full account value. If no action is taken, the policy will renew for a new term

This policy includes a Market Value Adjustment and 10% free withdrawals annually. There are no surrender charges at death. Qualified and non-qualified funds are accepted.

AM Best Rating

B+ Good (6th of 13 ratings)

Company Website

Product Type

MYGA (Multi-Year Guaranteed Annuity)

Free Withdrawals Yr1 / Yr2+

10% / 10%

Rate

5.20%

Term

5 Years

Minimum Investment

$10,000

Maximum Investment

$1,000,000 without prior approval

Maximum Age

84

Surrender Schedule

8%, 7%, 6%, 5%, 4%, 0%

What We Like About This Annuity

This is a mid-term annuity designed for growth and income with 10% free withdrawals in all years. Low minimums to start. There are no surrender charges at passing.

Notable Features

This policy includes annuitization and terminal illness waivers at no cost. Policy auto-renews after a 45-day grace period. Market Value Adjustment included in the policy.

Other Popular Products

Western United offers alternative annuities with less liquidity and higher interest rates. The Navigator Ultra series offer higher interest rates with no annual free withdrawal options.

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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.