RetireMax Secure without MVA 3
Multi-Year Guarantee Annuity
The RetireMax Secure without MVA 3 is a deferred multi-year guarantee annuity issued by Life Insurance Co of the Southwest (LSW).
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 3 year guarantee period annual yield is 4.60% on premium amounts of $100,000 - See Notes. 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 RetireMax Secure without MVA 3 has a full penalty free withdrawal window after 3 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this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.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.
Life Insurance Co of the Southwest (LSW) is rated “A+” by A.M. Best, was founded in 1955, and has over $32.7 billion in total assets.
|
Jan 16th, 2025
|
|
|
3 years
|
| Current | ||
|---|---|---|
| 3 Year Guarantee Period Annual Yield: | 4.60% | |
| Interest rate start of year 1 through end of year 3: | 4.60% | |
Accumulation Value (assuming no withdrawals) |
||
| Current | ||
|---|---|---|
| 3 Year Guarantee Period Annual Yield: | 4.30% | |
| Interest rate start of year 1 through end of year 3: | 4.30% | |
Accumulation Value (assuming no withdrawals) |
||
3 years
N/A
3 years
State variations may exist, refer to product disclosure for details.
|
None
|
10%
|
|
No
|
Yes
|
See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Not available in: NY (as of 08/24/2024)
Nursing Home and Terminal Illness Penalty Waivers not available in all states.
Max Premium:
Age 0-70 $2,000,000
Age 71-75 $1,500,000
Age 76-80 $1,000,000
Age 81-85 $500,000
Age 86-90 $250,000
Description Here
