LIMITED TIME OFFER: This special 4.30% interest rate will end on June 6, 2022. Call us now for additional information and details, 1-800-239-0356.
Do you have funds that will be coming due in the near future that are not yet available? With the proper paperwork, we can assist you with “locking-in” this special 4.30% interest rate for up to 60 days pending receipt of your available funds.
The Harbourview MYGA 6 is a deferred multi-year guarantee annuity issued by Oceanview Life and Annuity Company.
This annuity is a premium banded product. The interest rate you earn will vary depending on the amount of premium you deposit (see Rate Details below). Currently, the highest 6 year guarantee period annual yield is 4.30% on premium amounts of $20,000 - $1,000,000. This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Harbourview MYGA 6 has a full penalty free withdrawal window after 6 years.
During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning in the second contract year, this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.
This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.
Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.
Oceanview Life and Annuity Company is rated “A-” by A.M. Best, was founded in 1965, and has over $1.8 billion in total assets.