Secure Legacy 10 (NV)
Multi-Year Guarantee Annuity
The Secure Legacy 10 is a deferred multi-year guarantee annuity issued by Upstream Life Insurance Company.
The current 10 year guarantee period annual yield is 2.20% (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 Secure Legacy 10 has a full penalty free withdrawal window after 10 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 with the first contract year, and each year thereafter, this annuity provides interest only (cumulative) as the penalty free withdrawal amount.
Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.
Upstream Life Insurance Company is rated “Not Rated” by A.M. Best, was founded in 1912, and has over $217 million in total assets.
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Jun 15th, 2021
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10 years
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| Current | |
|---|---|
| 10 Year Guarantee Period Annual Yield: | 2.20% |
| Interest rate start of year 1 through end of year 10: | 2.20% |
10 years
10 years
10 years
State variations may exist, refer to product disclosure for details.
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$10,000
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$10,000
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$1,000,000
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$1,000,000
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90
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90
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45 days
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Yes
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No
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Interest Only
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Interest Only
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Yes
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Yes
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See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Available only in: NV (as of 06/16/2020)
Death Benefit: If the optional Death Benefit Rider is not selected the Death Benefit is equal to the Cash Surrender Value. If owner’s spouse is named as the sole primary beneficiary, they may elect to assume ownership of the contract and continue it for the remainder of the term. Also, beneficiaries can receive the full Contract Value by choosing a 5-year Settlement Option.
The following optional riders are available to increase liquidity, but will reduce the annual interest rate credited by percentages shown:
10% Free Withdrawal Rider – 0.15%
Death Benefit Rider – 0.25%
Owner issue ages 81+ are required to purchase the Death Benefit Rider.
Current year’s RMD should be taken prior to transfer/rollover.
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