National Security Insurance MYGA 3
More rates from National Security Life
The National Security MYGA 3 is a single premium, fixed annuity with a three-year rate lock. After three years, owners can take a full or partial withdrawal, transfer their account, or renew for a new term. If no action is taken, a new term begins with a new guarantee period and surrender charges. At passing, beneficiaries receive the full account value with no surrender charges applied. This policy accepts non-qualified funds only. Available in only a select few states.AM Best Rating
B Fair (7th of 13 ratings)
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Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
Rate
4.75%
Term
3 Years
Minimum Investment
$25,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
85
Surrender Schedule
9%, 8%, 7%, 0%
What We Like About This Annuity
Low minimums to start with 10% free withdrawals beginning in year 2. No surrender penalties at passing.
Notable Features
Only non-qualified (post tax) funds are accepted. This policy does not accept IRA or pre-tax funds of any kind.
Other Popular Products
Beyond MYGAs, The National Security Group also offers life, health, accident, property and casualty insurance coverage.
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