Fidelity Security Life TaxVantage MYGA 3
Current Fixed Rate
5.45%
The Fidelity Security Life TaxVantage MYGA 3 is a single premium annuity with a three-year rate lock. After three years, owners have a 30-day window to withdraw, transfer, or renew their full account value. A new term will begin if no action is taken during the renewal window.
This annuity is available in all states except CA, DE, NJ, NY, OR, PA, and WA. Both qualified and non-qualified funds are accepted. This contract includes a Market Value Adjustment.
This policy includes three benefit features at no extra cost. The first two are free withdrawal features and allow for Accumulated Interest Withdrawals and a 10% Free Partial Surrender (after 1 year) while the contract is in its maturity term. The third feature, called the Death Benefit rider, waives any surrender and MVA charges upon passing.
More Annuity options from: Fidelity Security Life
Notable Features
This annuity offers three Optional Benefit Riders, each reducing the yearly interest rate by the corresponding percentage. If desired, owners can add a Required Minimum Distribution withdrawal (.15%), IRC Code Section 72t & 72q withdrawal (.05%), and/or a Terminal Medical Condition/Nursing Home (.15%) withdrawal rider for anticipated liquidity needs.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
3 Years
Free Withdrawals Yr1 / Yr2+
Int / 10%
Surrender Schedule
9%, 8%, 7%, 0%
Maximum Age
85
Minimum Investment
$2,500
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
This fixed annuity is offered from an A rated insurance company and has very small minimums to start. At no cost, this policy includes two free withdrawal options during the surrender period. The contract also waives any surrender and/or MVA charges at the death of the owner/annuitant. Other custom features can be added for additional liquidity.
Other Popular Products
Fidelity Security Life Insurance Company offers several specialized annuity accounts for retirement savings, growth and income. Additionally, their life and disability insurance products are popular in the workplace with employer groups.
About Fidelity Security Life
Fidelity Security Life
AM Best Rating: A Excellent (3rd of 13 ratings)
https://www.fslins.com/
About Fidelity Security Life Insurance Company
Fidelity Security Life has been a family-owned and run insurance company since 1968. They boast an A rating with AM Best, $365 million in working capital, and over 21 million policyholders nationwide.
They offer annuity accounts, life & disability, stop-loss programs, and supplemental health products. They pride themselves on customer and agent accessibility, long-term partnerships, speed to market, and information security. Their generational success and community involvement is a pillar of Midwestern values.