Western United Life
Product Details
Free withdrawals during the contract term are not allowed. All money withdrawn will be charged based on the surrender charge schedule. Note that any withdrawals made prior to age 59½ will incur a 10% penalty from the IRS.
Year by Year Account Balance
The following is your guaranteed annual account balance, interest accumulation, and free withdrawal provision. Note that any withdrawals actually made would affect the subsequent years' values.
Enter Investment Amount:
| YEAR | RATE | EARNINGS | BALANCE |
|---|
Charges on Withdrawal
For any withdrawals beyond the free allowance during the contract term, surrender charges will apply as follows:
| Year | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years | 6 Years | 7 Years |
|---|---|---|---|---|---|---|---|
| Percentage | 9.00% | 8.00% | 7.00% | 6.00% | 5.00% | 4.00% | 3.00% |
Navigator Ultra MVA Single Premium Deferred Multi-Year Guarantee Annuity
April 26, 2021
$10,000 - $1,000,000
No banding. All investment amounts receive the same rate.
Personal Investment, Traditional IRA, Roth IRA, SIMPLE IRA or 403(b) TSA
0 - 75
15 days
This is the amount of time you have after the policy is issued to change your mind and get a refund.
This is the amount of time that you have after the application is submitted to fund it and still get the rate in effect at the time of application. Rate lock periods vary by method of funding as follows:
- Qualified Retirement Account: 60 days
- Non-Qualified Personal Savings: 30 days
- 1035 Annuity Exchanges: 60 days
1.4% - 2.7%
We are paid by Western United Life when you make a purchase. Commission rates are updated periodically and subject to change. In limited instances, Blueprint Income may receive higher compensation than the published commission rates based on achieving a certain level of sales volume or as a result of playing an expanded role in policy processing. This is an indirect cost to you, as it is already factored into the interest rate quoted.
At the end of the contract term, you’ll be able to withdraw the money invested, reinvest it in another fixed annuity, or turn it into guaranteed income via annuitization. If you do nothing, any money left in the contract will automatically renew for another guarantee period of the same term at the then-current renewal interest rate. If the contract matures before you turn 59½, withdrawals (other than rollover to an IRA) will be charged a 10% penalty by the IRS.
Should you pass away before the end of your contract, the cash surrender value of the annuity will be passed to your beneficiary.
Annuities receive special tax status as retirement savings vehicles. As such (and unlike with CDs), the interest that you accumulate will be tax deferred until it is withdrawn, even if that’s after the end of the term of the contract. Once withdrawals are made, the following taxable events may occur:
- If funded with personal post-tax savings, only the interest earned will be taxable, and it'll be taxed at ordinary income rates upon withdrawal.
- If funded with Traditional IRA savings, the entire balance (principal + gain) will be taxable upon withdrawal at ordinary income tax rates.
- If funded with Roth IRA savings, no taxes will be charged at withdrawal.