Rates as of 11/01/2018

“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

Investors
Heritage
Life
Liberty
Bankers &

Capitol Life

Guaranty
Income
Life

New Era &

Phil Amer &

NewEra MW

Atlantic
Coast
Life
Equitable

Life and Casualty

Investors
Heritage
Life
PHL Variable
(Phoenix)
Guaranty
Income
Life
Investors
Heritage
Life

Name of Annuity

HeritageBldr3

BankersElite3

Guaranty 4

SecureChoice5

Safe Haven 5

SecureSavings

HeritageBldr5

Nassau5X

Guaranty 6

HeritageBldr7

Policy Form Number

ICC18-SPDA1

BankersElite112

1SP4-MVA-M

A-0045

aclanhaven-tx

ICC17 MYGA

ICC18-SPDA1

ICC171FDA

1SP4-MVA-M

ICC18-SPDA1

Average Annual Yield

3.10%

3.25%

3.00%

3.95%

4.00%

4.00%

4.00%

4.05%

4.10%

4.10%

Rate Guarantee Period

3 Years

3 Years

4 Years

5 Years

5 Years

5 Years

5 Years

5 Years

6 Years

7 Years

Minimum   Non-Qualified

$25,000

$10,000

$5,000

$10,000

$5,000

$10,000

$10,000

$15,000

$5,000

$10,000

Amount              Qualified

$25,000

$10,000

$2,000

$10,000

$5,000

$10,000

$10,000

$15,000

$2,000

$10,000

Initial Period Rate

3.10%

3.25%

3.00%

3.95%

4.80%

4.00%

4.00%

4.05%

4.10%

4.10%

Other Rate Information

 

 

 

4.00%

3.80%

 

 

 

 

 

 

 

 

 

Rate For

Years 2-5

 

 

 

 

 

 

 

 

 

Internal

Opt. Liquidity

 

 

 

 

 

 

 

 

 

Exchanges

Riders available

 

 

 

 

 

 

 

 

 

Only

With Lower Rate

 

 

 

 

 

v New Rate Effective Date

 

 

 

 

 

 

 

 

 

 

New Average Annual Yield

 

 

 

 

 

 

 

 

 

 

Minimum Rate After InitPer

1.00%

1.00%

1.00%

2.00%

1.00%

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

10% of

Ann Value

NONE

100%

Interest

100%

Interest

Option

Rider

5% of

Ann Value

10% of

Ann Value

IRA RMD
Only

100%

Interest

10% of

Ann Value

Free Withdrawals Per Year

12

0

2

12

Option

12

12

12

2

12

Monthly Income Checks

Yes

N/A

Yes

Yes

Option

Yes

Yes

Yes

Yes

Yes

 

($100 min)

 

($100 min)

($125 min)

($100 min)

($100 min)

($100 min)

(RMD Only)

($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

IRA-SEP-Roth

IRA-Roth

IRA-SEP-Roth

IRA-Roth

IRA-Roth

IRA-SEP-Roth

Issue Ages:

0 – 90

0 – 90

0 – 100

0 – 90

0-59   60-90

0 – 90

0 – 90

0 – 85

0 – 90

0 – 90

Surrender Penalty Charges

 

MVA +

MVA +

MVA +

MVA +

MVA +

 

MVA +

MVA +

 

Year  1

9%

7.9%

8%

5%

9%   8%

9%

9%

9%

8%

9%

2

8%

7.0%

7%

5%

8%   7%

8%

8%

8%

7%

8%

3

7%

6.2%

6%

5%

7%   6%

7%

7%

7%

7%

7%

4

 

 

5%

5%

6%   5%

6%

6%

6%

6%

6%

5

 

 

 

5%

5%   4%

5%

5%

5%

5%

5%

6

 

 

 

 

 

 

 

 

4%

4%

7

 

 

 

 

 

 

 

 

 

3%

8

 

 

 

 

 

 

 

 

 

 

9

 

 

 

 

 

 

 

 

 

 

10

 

 

 

 

 

 

 

 

 

 

Penalty Applied from Date of

Contract

Contract

Contract

Contract

Cont/Renew

Cont/Renew

Contract

Contract

Contract

Contract

Action Req’d End of Period

NONE

NONE

NONE

NONE

RRR

RRR

NONE

RRR

NONE

NONE

PenaltyWaivedw/PayOutOver

10 Years

NO

5 Years

5 Years

NO

NO

10 Years

10 Years

5 Years

10 Years

PenaltyWaived @ Death of

Owner

NO

Owner

Owner

Option

Owner

Owner

Owner

Owner

Owner

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

App+45days

HO Rec+45

Chg+45days

HO Rec+60

Chg+45days

HO Rec+45

App+45days

Chg+60days

Chg+45days

App+45days

Free Look Period

30 Days

30 Days

30 Days

20 Days

21 Days

30 Days

30 Days

10 Days

30 Days

30 Days

A.M. Best Rating

B+

B++

B++

B++

B++

B

B+

B

B++

B+

Company Assets (in Millions)

$454

$1,712

$665

$538

$445

$352

$454

$6,319

$665

$454

Year Company Founded

1961

1957

1926

1924

1925

1935

1961

1981

1926

1961

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

Frankfort

OK City

BatonRouge

Houston

Charleston

Salt Lake City

Frankfort

Hartford

BatonRouge

Frankfort

 

KY

OK

LA

TX

SC

UT

KY

CT

LA

KY

INTEREST

RATE

HISTORY

ON

NEW

PREMIUM

 
Ultimate Parent Company

Aquarian Investors Heritage

Liberty Life

Group Trust

Kuvare US Holdings, Inc

New Era

Enterprises

Advantage Capital

SILAC, LLC

Aquarian Investors Heritage

Nassau Reinsurance

Kuvare US Holdings, Inc

Aquarian Investors Heritage

12/17

 

2.15%

2.60%

3.25%

4.10%

NewAnnuity

 

 

3.25%

 

01/18

 

2.15%

2.60%

3.25%

4.20%

3.30%

 

 

3.25%

 

02/18

 

2.15%

2.60%

3.35%

4.20%

3.30%

 

 

3.25%

 

03/18

 

2.50%

2.75%

3.35%

4.35%

3.30%

 

NewAnnuity

3.40%

 

04/18

 

2.50%

2.75%

3.50%

4.35%

3.30%

 

3.40%

3.40%

 

05/18

 

2.75%

2.75%

3.50%

4.50%

3.65%

 

3.40%

3.40%

 

06/18

 

2.75%

2.75%

3.60%

4.50%

3.65%

 

3.55%

3.40%

 

07/18

 

2.75%

2.75%

3.65%

4.50%

3.65%

 

3.55%

3.40%

 

08/18

 

2.75%

2.80%

3.75%

4.80%

4.00%

 

3.55%

3.60%

 

09/18

NewAnnuity

2.75%

2.80%

3.75%

4.80%

4.00%

NewAnnuity

4.05%

3.60%

NewAnnuity

10/18

3.10%

3.25%

3.00%

3.80%

4.80%

4.00%

4.00%

4.05%

3.70%

4.10%

11/18

3.10%

3.25%

3.00%

3.95%

4.80%

4.00%

4.00%

4.05%

4.10%

4.10%

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

 

11/01/2018

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

3

28

11

53

19

40

11

12

20

# of Annuities

1

3

65

38

123

57

113

26

22

36

Current Avg

2.00%

2.18%

2.64%

2.76%

2.97%

2.96%

3.10%

3.01%

3.02%

3.24%

1 Week   Ago

2.00%

2.18%

2.64%

2.75%

2.95%

2.93%

3.09%

3.01%

3.02%

3.20%

4 Weeks Ago

2.00%

2.18%

2.60%

2.69%

2.92%

2.90%

3.05%

2.99%

3.01%

3.17%

12 Weeks Ago

1.50%

1.95%

2.52%

2.63%

2.85%

2.83%

2.96%

2.89%

2.95%

3.10%

52 Weeks Ago

1.50%

1.40%

1.74%

1.86%

2.22%

2.28%

2.30%

2.47%

2.53%

2.61%

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

The Capitol Life Insurance Company

5750 CR 225

Brownwood

TX

76801

800-745-4927

www.LibertyBankersLife.com

Equitable Life & Casualty Insurance Co.

3 Triad Center Suite 200

Salt Lake City

UT

84180

800-352-5150

www.Equilife.com

Guaranty Income Life Insurance Company

929 Government Street

Baton Rouge

LA

70802

800-535-8110

www.GILICO.com

Investors Heritage Life Insurance Company

PO  Box 717

Frankfort

KY

40602-0717

800-422-2011

www.InvestorsHeritage.com

Liberty Bankers Life Insurance Company

5750 CR 225

Brownwood

TX

76801

800-745-4927

www.LibertyBankersLife.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

Philadelphia American Life Insurance Co.

11720 Katy Freeway #1700

Houston

TX

77079-2663

877-368-4692

www.NewEraLife.com

PHL Variable Insurance Co. (Phoenix)

PO  Box 8027

Boston

MA

02266-2809

800-417-4769

www.NSRE.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!