Rates as of 07/02/2020

“Top 10”

 

Carpenter Enterprises, LLP

Subject to Change Without Notice!

 

P. O. Box 878

Wimberley, TX 78676

512-847-2433 or 1-800-955-2433

[email protected]

 

Insurance Company

Equitable

Life and Casualty

Oceanview

Life &
Annuity

Guaranty
Income
Life
Equitable

Life and Casualty

New Era &

Phil Amer &

NewEra MW

Oceanview

Life &
Annuity
Sentinel
Security
Life
Upstream
Life

Western
United
Life

Atlantic
Coast
Life

Name of Annuity

SecSavElite2

Harbourview 3

Guaranty 4

SecSavElite5

SecureChoice5

Harbourview 5

PersonalChoice5

Secure Legacy

MaxChoice 5

Safe Haven 7

Policy Form Number

ICC17 MYGA

ICC19OLASPDA

1SP4-MVA-M

ICC17 MYGA

A-0045

ICC19OLASPDA

SSLANPOL11-TX

ICC18-SPDA MYGA

ICC16WUMVA5

aclanhaven-tx

Average Annual Yield

2.30%

3.00%

3.00%

3.10%

3.20%

3.20%

3.35%

3.80%

3.20%

3.44%

Rate Guarantee Period

2 Years

3 Years

4 Years

5 Years

5 Years

5 Years

5 Years

5 Years

5 Years

7 Years

Minimum   Non-Qualified

$10,000

$10,000

$5,000

$10,000

$10,000

$10,000

$2,500

$10,000

$10,000

$5,000

Amount              Qualified

$10,000

$10,000

$2,000

$10,000

$10,000

$10,000

$2,500

$10,000

$10,000

$5,000

Initial Period Rate

2.30%

3.00%

3.00%

3.10%

3.20%

3.20%

3.35%

3.80%

3.20%

4.30%

Other Rate Information

Optional

 

 

Optional

3.30%

 

Optional

 

3.30%

3.30%

 

Liquidity

 

 

Liquidity

Rate For

 

Liquidity

 

@ $250,000+

Years 2-7

 

Riders

 

 

Riders

Internal

 

Riders

 

 

Opt. Liquidity

 

available with

 

 

available with

Exchanges

 

available with

 

 

Riders available

 

Lower Rate

 

 

Lower Rate

Only

 

Lower Rate

 

 

With Lower Rate

v New Rate Effective Date

 

 

 

 

 

 

 

 

 

 

New Average Annual Yield

 

 

 

 

 

 

 

 

 

 

Minimum Rate After InitPer

1.65%

1.00%

1.00%

1.65%

2.00%

1.00%

1.00%

1.00%

1.00%

1.00%

After IP – Rate Subject To

Fixed

Fixed

Fixed

Fixed

Fixed

Fixed

Fixed

Fixed

Fixed

Fixed

AnnuityFund InvestmentType

MYGA

MYGA

MYGA

MYGA

MYGA

MYGA

MYGA

MYGA

MYGA

MYGA

FREE Annual Withdrawal

Option

Rider

10% Acct

Value Yr 2+

100%

Interest

Option

Rider

100%

Interest

10% Acct

Value Yr 2+

Option

Rider

100%

Interest

Previous Year

Interest Only

Option

Rider

Free Withdrawals Per Year

Option

1

2

Option

12

1

Option

12

1

Option

Monthly Income Checks

Option

No

Yes

Option

Yes

No

Option

Yes

No

Option

 

($100 min)

 

($100 min)

($100 min)

($125 min)

 

($100 min)

($100 min)

 

($100 min)

Type of Funds Accepted:

Non-Qualified

Non-Qualified

Non-Qualified

Non-Qualified

Non-Qualified

Non-Qualified

Non-Qualified

Non-Qualified

Non-Qualified

Non-Qualified

IRA-SEP-Roth

IRA-SEP-Roth

IRA-Roth

IRA-SEP-Roth

IRA-SEP

IRA-SEP-Roth

IRA-SEP-Roth

IRA-SEP-Roth

IRA-SEP-Roth

IRA-SEP-Roth

Issue Ages:

18 – 85

0 – 89

0 – 100

18 – 85

0 – 90

0 – 89

0-59   60-90

0-90

0 – 85

0-59   60-90

Surrender Penalty Charges

MVA +

MVA +

MVA +

MVA +

MVA +

MVA +

MVA +

MVA +

MVA +

MVA +

Year  1

9%

9%

8%

9%

5%

9%

9%   8%

10%

9%

9%   8%

2

8%

8%

7%

8%

5%

8%

8%   7%

9%

8%

8%   7%

3

 

7%

6%

7%

5%

7%

7%   6%

8%

7%

7%   6%

4

 

 

5%

6%

5%

6%

6%   5%

7%

6%

6%   5%

5

 

 

 

5%

5%

5%

5%   4%

6%

5%

5%   4%

6

 

 

 

 

 

 

 

 

 

5%   3%

7

 

 

 

 

 

 

 

 

 

5%   2%

8

 

 

 

 

 

 

 

 

 

 

9

 

 

 

 

 

 

 

 

 

 

10

 

 

 

 

 

 

 

 

 

 

Penalty Applied from Date of

Cont/Renew

Cont/Renew

Contract

Cont/Renew

Contract

Cont/Renew

Cont/Renew

Cont/Renew

Contract

Cont/Renew

Action Req’d End of Period

RRR

RRR

NONE

RRR

NONE

RRR

RRR

RRR

NONE

RRR

PenaltyWaivedw/PayOutOver

NO

Life

5 Years

NO

5 Years

Life

NO

5 Years

NO

NO

PenaltyWaived @ Death of

NO

Owner

Owner

NO

Owner

Owner

Option

Option

NO

Option

UpFront Charges/Annual Fees

NONE

NONE

NONE

NONE

NONE

NONE

NONE

NONE

NONE

NONE

Additional Premium Allowed

NO

NO

NO

NO

NO

NO

NO

NO

NO

NO

Days Rate Held on Transfers

AppDate+60

HO Rec+60

Chg+45days

AppDate+60

HO Rec+60

HO Rec+60

Chg+45days

AppDate+60

Chg+60days

Chg+45days

Free Look Period

30 Days

20 Days

30 Days

30 Days

20 Days

20 Days

21 Days

30 Days

15 Days

21 Days

A.M. Best Rating

B+

A-

B++

B+

B++

A-

B++

B++

B+

B++

Company Assets (in Millions)

$2,183

$662

$1,937

$2,183

$555

$662

$691

$87

$1,218

$514

Year Company Founded

1935

1965

1926

1935

1924

1965

1948

1912

1963

1925

Insurance Company Type

Legal Reserve

Legal Reserve

Legal Reserve

Legal Reserve

Legal Reserve

Legal Reserve

Legal Reserve

Legal Reserve

Legal Reserve

Legal Reserve

Home Office

Salt Lake City

Denver

BatonRouge

Salt Lake City

Houston

Denver

Salt Lake City

Oxford

Spokane

Charleston

 

UT

CO

LA

UT

TX

CO

UT

MS

WA

SC

Ultimate Parent Company

SILAC, LLC

Oceanview
Holdings, Ltd

Kuvare US Holdings, Inc

SILAC, LLC

New Era

Enterprises

Oceanview
Holdings, Ltd

Advantage Capital Partners

Upstream Holdings, Inc.

Manhattan

Life Group

Advantage Capital

08/19

3.10%

 

3.15%

4.00%

3.85%

 

4.00%

 

3.35%

5.05%

09/19

3.10%

 

2.65%

4.00%

3.75%

 

4.00%

 

3.25%

5.05%

10/19

3.10%

 

2.65%

4.00%

3.75%

 

3.85%

 

3.15%

4.90%

11/19

3.10%

New History

2.55%

4.00%

3.65%

New History

3.70%

 

3.15%

4.75%

12/19

3.10%

2.75%

2.55%

4.00%

3.65%

3.00%

3.70%

 

3.15%

4.75%

01/20

2.90%

2.75%

2.75%

3.80%

3.65%

3.00%

3.70%

 

3.15%

4.75%

02/20

2.90%

2.75%

2.75%

3.80%

3.65%

3.00%

3.70%

 

3.35%

4.75%

03/20

2.85%

2.75%

3.00%

3.65%

3.45%

3.00%

3.60%

 

3.30%

4.65%

04/20

2.30%

2.35%

2.40%

3.10%

3.10%

2.70%

3.10%

New History

3.00%

4.05%

05/20

2.30%

2.75%

3.00%

3.10%

3.10%

3.00%

3.10%

3.25%

3.00%

4.05%

06/20

2.30%

3.00%

3.00%

3.10%

3.10%

3.20%

3.10%

3.80%

3.10%

4.05%

07/20

2.30%

3.00%

3.00%

3.10%

3.20%

3.20%

3.35%

3.80%

3.20%

4.30%

v New Rate Effective Date – Applications received in the Ins. Co. Home Office On or After that date will receive the new rate.


 

FISHER ANNUITY INDEX

 

07/02/2020

Average Rates for Multi-Year Guarantee Annuities (MYGA)
Averages and Number of Annuities count each band/tier as a separate annuity for this summary.

Years

1

2

3

4

5

6

7

8

9

10

# of Companies

1

2

34

10

53

16

39

7

7

21

# of Annuities

1

3

77

37

120

51

105

17

11

37

Current Avg

1.75%

1.98%

1.88%

1.75%

2.20%

1.99%

2.14%

2.12%

2.41%

2.39%

1 Week   Ago

1.75%

1.98%

1.90%

1.72%

2.21%

1.99%

2.15%

2.16%

2.39%

2.41%

4 Weeks Ago

1.75%

1.98%

1.89%

1.74%

2.21%

1.98%

2.17%

2.16%

2.39%

2.41%

12 Weeks Ago

1.75%

1.90%

1.79%

1.79%

2.09%

1.90%

1.99%

1.89%

2.08%

2.30%

52 Weeks Ago

2.00%

2.59%

2.31%

2.19%

2.58%

2.32%

2.49%

2.44%

2.59%

2.87%

Insurance Companies on the Top 10

Company

Mail Address

City

State

Zip Code

Phone

Web Site

Atlantic Coast Life Insurance Company

1405 West 2200 South

Salt Lake City

UT

84119

844-442-3847

www.ACLICO.com

Equitable Life & Casualty Insurance Co.

299 South Main Street #1100

Salt Lake City

UT

84111

800-352-5150

www.Equilife.com

Guaranty Income Life Insurance Company

2638 S Sherwood Blvd #200

Baton Rouge

LA

70816-3404

800-535-8110

www.GILICO.com

New Era Life Insurance Co. of the Midwest

11720 Katy Freeway #1700

Houston

TX

77079-2663

877-368-4692

www.NewEraLife.com

New Era Life Insurance Company

11720 Katy Freeway #1700

Houston

TX

77079-2663

877-368-4692

www.NewEraLife.com

Oceanview Life and Annuity Company

1851 SE Miehe Dr

Grimes

IA

50111

888-295-3815

www.OceanviewLife.com

Philadelphia American Life Insurance Co.

11720 Katy Freeway #1700

Houston

TX

77079-2663

877-368-4692

www.NewEraLife.com

Sentinel Security Life Insurance Company

1405 West 2200 South

Salt Lake City

UT

84119

800-247-1423

www.sslco.com

Upstream Life Insurance Company

PO Box 813

Brownwood

TX

76804

877-346-1607

www.UpstreamLife.us

Western United Life Assurance Company

929 W Sprague Ave

Spokane

WA

99210-2217

800 247-2045

www.WULA.com

 

The description of all contracts shown as the "Top 10 Annuities" was furnished by the insurance companies to The Fisher Agency.  If you have questions regarding any contract, please contact a representative of that insurance company or The Fisher Agency, who has been appointed as a representative of all insurance companies shown.

All Annuities Shown Are Approved In Texas, But May Not Be Approved In Other States!

 

A.M. Best Rating: Reflects their current opinion of the relative financial strength and operating performance of an insurance company in comparison to the norms of the life/health insurance industry.  The Best’s Ratings are neither a warranty of an insurer’s current or future ability to meet its contractual obligations nor a recommendation of the company’s insurance policies, policy provisions, policy suitability, rates or claims practices.

 

DEFINITIONS


 

INTEREST RATES: All rates shown are the Effective Annual Yields after the Nominal interest rate is credited and compounded daily.

AVERAGE ANNUAL YIELD: Average annual yield until surrender charge period expires or until initial guaranteed rate period expires.

MINIMUM RATE AFTER INITIAL GUARANTEED PERIOD: The rate of interest guaranteed after the initial rate period.  Normally the minimum guaranteed rate for the lifetime of the contract.

BAIL OUT INTEREST RATE: Surrender charges will be waived for a period of time (usually 60 days) from each anniversary, during the surrender charge period, if the declared rate is below the Bail Out Rate as specified in the contract.

FREE ANNUAL WITHDRAWAL: The Amount available to be withdrawn per contract year without surrender charges. (Examples are shown below)

100% Interest

– All interest earned and/or accumulated in contract.

10% Ann Val

– Up to 10% of the previous year end accumulated annuity value after the 1st contract year.

FREE WITHDRAWALS PER YEAR: The number of times per year money may be withdrawn without surrender charges.

(Examples)

1 or 2

– 1 to 2 Times OR Monthly Checks. Normally for a certain minimum amount. May also be paid quarterly.

MVA: Market Value Adjustment may increase or decrease your annuity early surrender value.  If interest rates have gone down since the issue date, your surrender value will be higher.  If rates have gone up, your surrender value will be lower.


ANNUITY FUND INVESTMENT TYPE: Method company uses to set rates during and/or after initial rate period.

 

MYGA

(aka “CD” Type)

Multi Year Guarantee Annuity: 100% of the value is available at the end of the initial guaranteed rate period or end of penalty period, whichever occurs first.

Portfolio

– Pooled by type of annuity.  All annuities of this type will earn the same rate after the initial rate guarantee period.

Banded

– Pooled by rate and/or time period.  Old annuities may earn higher or lower rate than New annuities.

ACTION REQUIRED @ END OF SURRENDER CHARGE PERIOD:

 

NONE

– No action required by contract owner.  Annuity will automatically continue to earn interest.  Surrender charge    will expire for the lifetime of the contract at the end of the surrender charge period.

 

RRR

– Must choose one of the following options:

 

 

    Renew

– Annuity for a new period.

 

 

    Remove

– Surrender for cash value.

 

 

    Rollover

– Transfer to a new annuity.

 

DAYS RATE HELD ON TRANSFERS: (From other Financial Institutions)

 

HO Rec + 60

– Current rate will be held on transfers for 60 days from date forms are received in the insurance company home office.

 

Chg + 45

– Rate will be held for 45 days from date of rate change.

 

PENALTY WAIVED w/PAY OUT OVER: (Example: Insurer will waive surrender penalties if Owner accepts a 5 year Fixed Period Payout Option.)

 

 


 

Insurance products and Annuities are not deposits of, or guaranteed by any bank and are not insured by the Federal Deposit Insurance Corporation or any other agency of the United States Government.  All guarantees are subject to the financial strength of the issuing insurance company.

All terms, definitions, policy benefits, costs, and limitations will vary depending on the insurance company and owner state of residence when contract is issued.

Any Comparison Should Take Into Consideration All Exclusions And Limitations Contained In Each Contract!

This form may NOT be reproduced, distributed, nor altered in any form without prior permission of the publisher!