Integrity Life SPDA Series II
Current Fixed Rate
3.64%
The Integrity Life SPDA Series II 7 is a single premium, fixed annuity with a seven-year rate guarantee. The first year includes a 1% premium bonus, resulting in the blended rate listed below. This blended rate assumes no withdrawals and compounding interest for the 7-yr term.
After seven years, investors can withdraw, transfer, or reinvest their full account value. If no action is taken, the contract continues with a one-year rate guarantee and no new surrender penalties.
This policy accepts both qualified and non-qualified deposits. The contract also includes a Return of Premium provision. There are no surrender charges at death.
More Annuity options from: Integrity Life
Notable Features
Most notable is the Return of Premium feature. Owners can make a full withdrawal at any time and will receive at least their contribution amount less any previous withdrawals. Withdrawal charges can also be waived for hardship needs like unemployment, disability, terminal illness, nursing home, or long term care confinement.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
7 Years
Free Withdrawals Yr1 / Yr2+
10% / 10%
Surrender Schedule
7%, 7%, 7%, 6%, 5%, 4%, 3%, 0%
Maximum Age
85
Minimum Investment
$3,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
Offered from an A+ rated company and low minimums to start. Contract offers a Return of Premium feature! The policy does not automatically renew at maturity. Additionally, it offers a 1% premium bonus and 10% free withdrawals annually.
Other Popular Products
Integrity Life is known for multi-year guaranteed annuity (MYGA) accounts with first year premium bonuses including their MultiVantage and new Momentum policies. Their parent company Western & Southern provides a host of insurance and investment products.
About Integrity Life
Integrity Life
AM Best Rating: A+ Superior (2nd of 13 ratings)
https://www.westernsouthern.com/distributors
About Integrity Life Insurance Company
Located in Cincinnati, OH, this A+ rated insurance company is part of the Western & Southern Financial Group. They have offered life and annuity policies to their customers since 1966 through independent agents and brokers.
Integrity Life specializes in annuities for growth and income geared toward safe and predictable retirement planning. They are built on financial strength and are one of the leading insurance companies in Ohio.