Sagicor Milestone Max MYGA 5
Current Fixed Rates
| 5.20% | $75,000 | — | $1,000,000 |
| 4.95% | $25,000 | — | $74,999 |
The Sagicor Life Milestone Max MYGA 5 is a single premium, fixed annuity with a five-year rate guarantee. After five years, owners have a 30-day window to withdraw, transfer, or renew their entire account balance. If no action is taken, a new term will begin and 10% free withdrawals will be available in year one.
This account can be renewed twice and then it becomes fully liquid with a one-year guaranteed rate and no surrender penalties.
The highest rates are available for deposits over $75K. Deposits between $25K-$75K receive a lower rate. Due to state-specific regulations, lower rates apply to accounts originating in FL and CA. This policy is RMD-friendly in year one for IRA owners. There are no surrender penalties upon passing.
More Annuity options from: Sagicor Life
Notable Features
Penalty free withdrawals of 100% of the account value are available after one year for a terminal illness and/or nursing home confinement needs.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
5 Years
Free Withdrawals Yr1 / Yr2+
0% / 10%
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 4%, 0%
Maximum Age
90
Minimum Investment
$75,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
Offers a guaranteed five year rate lock. Free 10% withdrawals are available beginning in year two. Penalty-free annuitization options available beginning in year two for income purposes.
Other Popular Products
Sagicor offers a popular single premium, indexed universal life insurance policy designed for account growth, wealth transfer and estate planning needs. Their immediate annuities are also competitive for instant income solutions.
About Sagicor Life
Sagicor Life
AM Best Rating: A- Excellent (4th of 13 ratings)
https://www.sagicor.com/en-us
About Sagicor Life Insurance Company
Founded in 1954, Sagicor Life is a full-service life insurance and annuity company doing business in 45 states. Their corporate offices are in Tampa, FL while the home office is in Scottsdale, AZ.
Their corporate mission is to improve the lives of the people in the communities where they work and operate. Through their values, they look to better serve their families, friends, and neighbors by offering competitive insurance solutions in the life and annuity marketplaces.