Heartland National Life Secure Rate Pro 5
Current Fixed Rate
6.10%
The Heartland National Life Secure Rate Pro 5 is a single premium, fixed annuity with a five-year rate guarantee. After five years, owners can renew their contract for a new Guarantee Period, elect a one-year fixed rate with no surrender charges, annuitize the policy for income, or withdraw all funds (premium and interest) in full. If no action is taken, the contract will renew for another 5 years.
The contract does not automatically include any free withdrawal riders. However, two optional liquidity riders are available, which reduce the yearly interest rate accordingly. If added, the Accumulate Earned Interest rider reduces the yearly rate by .10%, and the Required Minimum Distribution rider reduces the yearly rate by .05%.
This policy also does not offer the full accumulated value at death, but it does allow for a spousal continuation to fulfill the surrender period. Surrender charges (if any) apply upon passing unless the contract is out of the 5-year surrender window or a named spouse continues the policy to maturity. A Market Value Adjustment feature is included, and both qualified and non-qualified are accepted.
Offered with a lower annual interest rate, the Heartland National Life Secure Rate 5 (non-Pro version) automatically includes free monthly interest withdrawals and the full accumulated value at death. It is better suited for consumers who want more liquidity during the annuity’s 5-year surrender period.
More Annuity options from: Heartland National Life
Notable Features
This account offers two optional liquidity riders, each of which reduces the annual interest rate. Consumers can add an Accumulated Earned Interest rider (yearly reduction = .10%) and/or a Required Minimum Distribution rider (yearly reduction = .05%).
Notably, this policy does not include the full accumulated value at death unless the policy has matured (5 years) or is continued by a surviving spouse as the named beneficiary.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
5 Years
Free Withdrawals Yr1 / Yr2+
Optional
Surrender Schedule
9.2%, 8.3%, 7.4%, 6.5%, 5.6%, 0%
Maximum Age
90
Minimum Investment
$5,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
This is a 5-year fixed annuity with a very competitive guaranteed interest rate. There are low minimums to start the contract, and two optional withdrawal riders are available at onset if liquidity is desired.
Policy owners can tailor this contract to maximize growth while also creating systematic income. At maturity, a one-year fixed interest account is available with no surrender penalties, offering 100% liquidity.
Other Popular Products
Heartland National Life is best known for the multi-year guaranteed annuity and fixed-indexed bonus accounts. They also offer low-cost Medicare Supplement policies, home health care coverage, and hospital indemnity plans. They primarily serve senior markets for ancillary insurance and annuity policies.
About Heartland National Life
Heartland National Life
AM Best Rating: B++ Good (5th of 13 ratings)
https://www.heartlandnationallife.com/
About Heartland National Life Insurance Company
Heartland National is a multi-line insurance company located in Independence, Missouri, near Kansas City. They specialize in fixed and indexed annuities and have been underwriting insurance policies for over 61 years. They boast over 40,000 policyholders and numerous awards to their credit.
In 2024 alone, they issued over $220 million in annuity premiums with nearly 3,000 new annuity policyholders to date. They are reinsured by Converge RE II.
Four of their core commitments are professional service, competitive rates and coverage, online access, and 24/7 support. They aim to provide competitive insurance coverage and consumer protection through high-quality products.