Multi-Year Guaranteed Annuities (MYGAs)

Our Multi-Year Guaranteed Annuities (MYGAs) offer the growth and liquidity to meet your retirement savings needs.

RETIREMENT REALITIES

Outliving Savings

Almost half of Americans report that outliving their savings is their greatest retirement concern.¹ Funding retirement remains one of the biggest economic and social challenges facing the world in the 21st century.²

Increasing Longevity

Global average life expectancy increased by 5.5 years between 2000 and 2016, the fastest increase since the 1960s.³

Interest Rate Environment

According to a 2019 FDIC report, the national interest rate on savings accounts hovered around 0.09% APY.⁴ In addition, the average interest rate for 5-year CDs fell from 1.48% to 1.14% in 2019 alone.⁵

MYGA BENEFITS

Guaranteed Interest Rates

Your premium starts earning interest immediately based on our competitive, guaranteed interest rate.

Tax-Deferred Growth

You only pay income tax when you begin taking withdrawals.

Access Your Money

Beginning the first year, you may withdraw up to 15% of your annuity value free of charge, depending on the annuity product chosen.

Leave a Legacy

Leave a legacy for your beneficiaries and avoid probate. In the event of your death, and depending on the annuity product chosen, your beneficiaries will receive your full annuity value.

Choose Your Guarantee Period

Choose a guarantee period that fits your financial needs and goals. Our MYGA annuities offer a range of guarantee periods from 3 to 7 years.

No Administrative Fees or Charges

There are no set-up or administrative charges. Your single premium accumulates interest immediately when the contract begins.

Multi-Year Guarantee Annuity (MYGA) Options

Issued by Manhattan Life	Premium Preferred	Preferred Choice
Issued by Western United Life	Future Select	Discovery	Discovery Plus	Navigator Elite MVA	Navigator Ultra MVA
Guarantee Periods	5 & 7 Years	5, 6, & 7 Years	3, 5, & 7 Years	3, 5, & 7 Years	3, 5, & 7 Years
Penalty-free Partial Surrenders (Withdrawals)	15% per Calendar Year	15% per Calendar Year	Accrued Interest or current year RMD	10% Per Contract Year	No
Waiver of Surrender Charges	At Death of the Annuitant	At Death of the Annuitant	At Death of the Annuitant	At Death of the Annuitant	No
Guaranteed Return of Premium (ROP)	Return of premium minus withdrawals taken	No	No	No	No
Market Value Adjustment (MVA)	No	No	No	May increase or decrease the amount received	May increase or decrease the amount received
Death Benefit	Annuity Value	Annuity Value	Annuity Value	Annuity Value	Surrender Value

Premium Preferred Issued by Manhattan Life
Future Select Issued by Western United Life
Guarantee Periods	5 & 7 Years
Penalty-free Partial Surrenders (Withdrawals)	15% per Calendar Year
Waiver of Surrender Charges	At Death of the Annuitant
Guaranteed Return of Premium (ROP)	Return of premium minus withdrawals taken
Market Value Adjustment (MVA)	No
Death Benefit	Annuity Value
Preferred Choice Issued by Manhattan Life
Discovery Issued by Western United Life
Guarantee Periods	5, 6, & 7 Years
Penalty-free Partial Surrenders (Withdrawals)	15% per Calendar Year
Guaranteed Return of Premium (ROP)	At Death of the Annuitant
Waiver of Surrender Charges	No
Market Value Adjustment (MVA)	No
Death Benefit	Annuity Value
Discovery Plus Issued by Western United Life
Guarantee Periods	3, 5, & 7 Years
Penalty-free Partial Surrenders (Withdrawals)	Accrued Interest or current year RMD
Waiver of Surrender Charges	At Death of the Annuitant
Guaranteed Return of Premium (ROP)	No
Market Value Adjustment (MVA)	No
Death Benefit	Annuity Value
Navigator Elite MVA Issued by Western United Life
Guarantee Periods	3, 5, & 7 Years
Penalty-free Partial Surrenders (Withdrawals)	10% Per Contract Year
Waiver of Surrender Charges	At Death of the Annuitant
Guaranteed Return of Premium (ROP)	No
Market Value Adjustment (MVA)	May increase or decrease the amount received
Death Benefit	Annuity Value
Navigator Ultra MVA Issued by Western United Life
Guarantee Periods	3, 5, & 7 Years
Penalty-free Partial Surrenders (Withdrawals)	No
Waiver of Surrender Charges	No
Guaranteed Return of Premium (ROP)	No
Market Value Adjustment (MVA)	May increase or decrease the amount received
Death Benefit	Surrender Value

ManhattanLife is a group of operating life and health insurance companies: Manhattan Life Insurance Company, Western United Life Assurance Company, Family Life Insurance Company, ManhattanLife Assurance Company of America, and Standard Life and Casualty Insurance Company.

ManhattanLife was founded in 1850 and was one of the early pioneers in the life insurance industry. Since then, ManhattanLife and its affiliated companies have provided secure and innovative life and health insurance products and services to more than 700,000 policy and contract holders throughout the United States.

Withdrawals made prior to age 59½ are subject to ordinary income taxation and may be subject to tax penalties. Neither ManhattanLife nor any of its subsidiaries or representatives provide tax, legal, or accounting advice. Please consult your personal tax advisor.

This annuity is NOT: 1) a certificate of deposit (CD); 2) FDIC or NCUA insured; 3) insured by any federal government agency; or 4) guaranteed by a bank, savings association, or credit union. Guarantees are based on the financial strength and claims-paying ability of ManhattanLife.

This material is intended for use with the general public to provide educational information only. It should not be considered, and does not constitute, personalized investment advice. Please contact one of our insurance producers for product details and benefits.

Sources for statistics: 1White paper “Investing in (and for) Our Future”, World Economic Forum, June, 2019 ; 2Retirement Readiness Survey, Aegon Center for Longevity Transamerica Center for Retirement Studies and Instituto de Longevidade Mongeral, May, 2019.

Future Select, Discovery, Discovery Plus, Navigator Elite MVA, and Navigator Ultra MVA, fixed annuities, and Single Premium Immediate Annuities are issued by Western United Life Assurance Company (WULA) domiciled in the state of Washington. WULA annuity contracts are administered at its Home Office in Spokane, Washington. Future Select form numbers: ICC14-SPDA, ICC16-WUFTS5, ICC16-WUFTS7; 2014-SPDA, 2016-WUFTS5 (ND, SD), 2016-WUFTS7 (ND, SD). Discovery form numbers: ICC14-SPDA, ICC16-WUDSC3; ICC16-WUDSC5; ICC16-WUDSC6; ICC16-WUDSC7; 2014-SPDA, 2016-WUDSC3 (ND, SD), 2016-WUDSC5 (ND, SD), 2016-WUDSC6 (ND, SD), 2016-WUDSC7 (ND, SD). Discovery Plus form numbers: ICC20-SPMYGA, ICC20-WUDSP3, ICC20-WUDSP5, ICC20-WUDSP7. Navigator Elite MVA form numbers: ICC20-SPMYGA-MVA, ICC20-WUNVE3, ICC20-WUNVE5, ICC20-WUNVE7. Navigator Ultra MVA form numbers: ICC20-SPMYGA-MVA, ICC20-WUNVU3, ICC20-WUNVU5, ICC20-WUNVU7. Immediate Annuity form numbers: WULA SPIA (11.04), WULA SPIA (03.03). Not available in all states and/or other variations or restrictions may apply.

Premium Preferred, Preferred Choice, fixed annuities are issued by The Manhattan Life Insurance Company (MLIC) domiciled in the state of New York. MLIC annuity contracts are administered at its Annuity Operations Office in Spokane, Washington. Premium Preferred form numbers: ICC14-SPDA, ICC16-MLPRM5, ICC16-MLPRM7; 2014-SPDA, 2016-MLPRM5 (CA, DE, FL), 2016-MLPRM7 (CA, DE, FL); 2015-SPDA_NY, 2016-MLPRM5_NY, 2016-MLPRM7_NY. Preferred Choice form numbers: ICC14-SPDA, ICC16-MLPRF3, ICC16-MLPRF5, ICC16-MLPRF6, ICC16-MLPRF7; 2014-SPDA, 2016-MLPRF3 (CA, DE, FL), 2016-MLPRF5 (CA, DE, FL), 2016-MLPRF6 (CA, DE, FL), 2016-MLPRF7 (CA, DE, FL); 2015-SPDA_NY, 2016-MLPRF3_NY, 2016-MLPRF5_NY, 2016-MLPRF6_NY, 2016-MLPRF6_NY. Not available in all states and/or other variations or restrictions may apply.