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fixed annuities

Multi-Year Guarantee Annuity Details

Heritage Builder Annuity 5

Product Name

Heritage Builder Annuity 5

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

B++
(5th of 15 ratings)
Not Rated
Not Rated
BBB-
(10th of 21 ratings)
39
(percentile of rated companies)

Product Information

The Heritage Builder Annuity 5 is a deferred multi-year guarantee annuity issued by Investors Heritage Life Insurance Co.

The current 5 year guarantee period annual yield is 3.50% (see Rate Details below). 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 Heritage Builder Annuity 5 has a full penalty free withdrawal window after 5 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. In the first contract year, this annuity provides interest only withdrawals. Beginning in the second contract year, up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.

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.

Investors Heritage Life Insurance Co is rated “B++” by A.M. Best, was founded in 1960, and has over $1.3 billion in total assets.

Rate Details

Aug 1st, 2022
Not Scheduled
5 years

Premium Amount: $25,000 - $1,000,000

Current
5 Year Guarantee Period Annual Yield: 3.50%
Interest rate start of year 1 through end of year 5: 3.50%

Initial Surrender Charge and MVA Periods

5 years

5 years

5 years

State variations may exist, refer to product disclosure for details.

Other Guarantee Periods Available

Policy Details

$25,000
$25,000
$1,000,000
$1,000,000
90
90
45 days
Yes
Accumulation Value
No

Penalty Free Withdrawal Provisions

Interest Only
10%
No
Yes
Death and Nursing Home

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  CT, DC, NJ and NY (as of 04/01/2022)

In CA: No Market Value Adjustment (MVA) and No Nursing Home Penalty Waiver Rider.

In SD: No Nursing Home Penalty Waiver Rider.

Notes

Nursing Home Penalty Waiver Rider only available for issue ages 0–80.