The Secure Legacy 3 is a deferred multi-year guarantee annuity issued by Upstream Life Insurance Company.
The current 3 year guarantee period annual yield is 2.00% (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 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 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.