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Traditional Fixed Annuity Details

Product Name

Eagle 8

Annuity Type

Traditional Fixed Annuity

Issuing Insurance Company and Ratings

B++
(5th of 15 ratings)
Not Rated
Not Rated
Not Rated
Not Ranked

Product Information

The Eagle 8 is a deferred traditional fixed annuity issued by United Heritage Life Insurance Company.

The current first year yield is 4.55% and the 10 year term current annual yield is 2.03%, including bonuses if applicable (see Rate Details below). This assumes that the current base interest rate remains unchanged up to the first penalty free full withdrawal window, which is not guaranteed. The Eagle 8 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. 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 Beginning in the second contract year, up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.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.

United Heritage Life Insurance Company is rated “B++” by A.M. Best, was founded in 1934, and has over $626 million in total assets.

Rate Details

Apr 1st, 2021
Not Scheduled

Premium Amount: $8,000 - $1,000,000

Current
First Year Yield: 4.55%
10 Year Term Current Annual Yield: 2.03%
10 Year Term Guaranteed Annual Yield: 1.35%
Interest rate start of year 1 through end of year 1: 4.55%
Current Base Interest Rate: 1.75%
Guaranteed Minimum Interest Rate: 1.00%

Initial Surrender Charge and MVA Periods

10 years

N/A

10 years

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

Policy Details

$8,000
$8,000
$1,000,000
$1,000,000
90
90
30 days
No
Accumulation Value
No

Penalty Free Withdrawal Provisions

Interest Only
10%
No
Yes
Annuitization, Convalescent Care, Death, Hospitalization 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:  AL, DE, DC, FL, KY, ME, MD, MA, MS, NJ, NY, RI, VT and WV (as of 10/12/2020)

For CA: No Convalescent Care/Hospitalization/Nursing Home Waiver.

Notes

For Issue Ages 60-90: Early Surrender Charges only last for 9 years.