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Revol One - DirectGrowth MYGA 5

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5.85% Annual Rate

  • 5 Years Surrender Fee Period (Duration).
  • Tax-Deferred, Compound Interest
  • No Stock Market Exposure
  • Requires E-application. Will Not Accept Paper Application.
  • Penalty Free Withdrawals Available with Rider
  • No Loads, Fees, or Sales Charges
  • Not Available in the Following States: CA, NY
  • Maximum Age at Issue (Purchase) is 85
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+ Frequently Asked Questions About This Annuity

Q: Does the interest compound? A: Yes.

Q: Is the interest taxed? A:Your annuity grows tax deferred. This maximizes your growth potential because you are not taxed on your earnings until you withdraw money from your annuity. If your money is not already in a pre-tax account such as an IRA or 401k, this is an advantage over a bank CD where each year your interest is taxed.

Q: Are there any fees? A: No, there are no sales charges or ongoing maintenance fees. There are charges for the optional riders listed below.

Q: Is it FDIC insured? A: No. FDIC insurance is only for bank deposits. Fixed annuities are guaranteed by the issuing insurance company.

Q: What are the early surrender charges? A: The early surrender charges only apply to withdrawals which are greater than the penalty free amount. If surrender charges apply, they start at 9% and decline to 0% after the 5th year. The schedule is 9%, 8%, 7%, 6%, 5%.

Q: Are penalty-free withdrawals available? A: Yes. You can purchase a rider which allows for withdrawals of interest penalty free. See below for rider cost.

Q: If I withdraw more than the penalty-free amount, will a Market Value Adjustment (MVA) be applied? A: Yes. You can read more about market value adjustments here.

Q: What happens after the initial 5 year rate guarantee period? A: You have a 30 day window to do whatever you want with the full cash value of your annuity. You can remove all of it or let your annuity renew into a 5-year guarantee period at a new interest rate declared by the insurance company.

Q: What happens to the money in my account if I die? A: Your beneficiaries will receive the full surrender value as of the time of your death. You may purchase a rider which would allow for a death benefit of the full accumulated value. See below for the rider cost.

Q: Does the DirectGrowth MYGA Annuity have any available riders?
A:Yes. For the optional rider the interest rate is reduced as follows:

DirectGrowth MYGA Rider Costs
Penalty Free Interest Withdrawals 0.10%
Enhanced Death Benefit 0.10%

Q: How do I apply? A: Start your annuity application by calling 866-866-1999 or click "Get a Free Quote" in the center of this page for a detailed illustration.

Q:What is the minimum premium I need to pay? A:$25,000.

Q:Are there any age restrictions? A:Yes. You can purchase this annuity up to age 85 if using qualified funds or 90 if using non-qualified funds. In some states the age requirements may differ.

Q:In which states is the DirectGrowth MYGA available? A: The DirectGrowth MYGA annuity is not available in all states. Call 866-866-1999 to find out if it's available in your state.