Annuity Options

Solutions for your retirement concerns.

 

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


Gain peace of mind with our Single Premium Immediate Annuity’s (SPIA) predictable income stream.

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

 

Bridge the retirement-savings gap and earn guaranteed interest with our Multi-Year Guaranteed Annuities.

ANNUITY OPTIONS

Multi-Year Guaranteed
Annuities (MYGAs)
MYGAs are fixed annuities, providing a guaranteed rate of return. A range of guarantee periods are available from the products below
Future Select* Discovery* WULA Max Choice*
Preferred Premium** Preferred Choice**  
Guarantee Periods 5 and 7 Years 3 Years 5, 6, and 7 Years 3, 5 and 7 Years
Penalty-free Partial Surrenders
(Withdrawals)
15% per Calendar Year Accrued Interest or RMD 15% per Calendar Year Accrued Interest or RMD
Guaranteed Return of Premium (ROP) Available      
Market Value Adjustment (MVA)       Available
Single Premium Immediate Annuity* (SPIA) SPIA provides guaranteed income payments for the greater of the Annuitant's lifetime, the number of years elected, or the amount chosen.
  * Underwritten by Western United Life Assurance Company
** Underwritten by Manhattan Life Insurance Company
Multi-Year Guarantee Annuities (MYGAs)
MYGAs are fixed annuities, providing a guaranteed rate of return. A range of guarantee periods are available from the products below
Future Select
(Underwritten by Western United Life Assurance Company)
Premium Preferred
(Underwritten by Manhattan Life Insurance Company)
Guarantee Periods 5 and 7 Years
Penalty-free Partial Surrenders (Withdrawals) 15% per Calendar Year
Guaranteed Return of Premium (ROP) Available
Discovery
(Underwritten by Western United Life Assurance Company)
Preferred Choice
(Underwritten by Manhattan Life Insurance Company)
Guarantee Periods 3 years 5, 6, and 7 Years
Penalty-free Partial Surrenders (Withdrawals) Accrued Interest or RMD 15% per Calendar Year
WULA Max Choice
(Underwritten by Western United Life Assurance Company)
Guarantee Periods 3, 5, and 7 Years
Penalty-free Partial Surrenders (Withdrawals) Accrued Interest or RMD
Market Value Adjustment (MVA) Available
Single Premium Immediate Annuity* (SPIA)
SPIA provides guaranteed income payments for the greater of the Annuitant's lifetime, the number of years elected, or the amount chosen.

 

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 can withdraw up to 15% of your annuity value free of charge, depending on the annuity product.

 

 

Leave a Legacy

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

 

Choose Your Guarantee Period

Choose a guarantee period that fits your financial needs. Our MYGA annuities offer a range of guarantee periods from 3 to 10 years.

 

No Administrative Fees or Charges

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

 

 

 

IMMEDIATE ANNUITY BENEFITS

 

Secure Your Future

We guarantee to pay you a specified income based on the payout option of your choice. Your premium payment is amortized over a period using an interest rate, which results in a payment of interest and principal.

 

Tax Free Return of Principal

You receive income payments that are part principal and part interest. If you have a non-qualified annuity, you only pay taxes on the interest.

 

 

 

Discovery, Future Select, and WULA Max Choice 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. 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). Future Select form numbers: ICC14-SPDA, ICC16-WUFTS5, ICC16-WUFTS7; 2014-SPDA, 2016-WUFTS5 (ND, SD), 2016-WUFTS7 (ND, SD). WULA Max Choice form numbers: ICC16-MYGA-MVA, ICC16-WUMVA3, ICC16-WUMVA5, ICC16-WUMVA6, ICC16-WUMVA7, ICC16-WUMVA10. Immediate Annuity form numbers: WULA SPIA (11.04), WULA SPIA (03.03). Not available in all states and variations may apply.

Preferred Choice and Premium Preferred 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. 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. 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. Not available in all states and variations may apply.

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. 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; 3Global Health Observatory data, World Health Organization; 4Average Percentage Yield (APY) is the real rate of return on a savings deposit; 5Historical CD Interest Rates: 1984-2020, Bankrate.com, January 2020; 6Of the top 10 best-selling MYGAs, all of them offered penalty-free withdrawals less than 15%, Wink Sales & Market Report 3rd Quarter, 2019