Introducing Upstream Life Simple and Compound Interest MYGAs

Introducing Upstream Life Simple and Compound Interest MYGAs
June 1, 2020

New Horizons is proud to represent Upstream Life's Multi-Year Guaranteed Annuity product lines.

The simple interest and compound interest product lines have some incredible features that make this a "wow" product:

  • Great rates
  • Minimum single premium: $10,000
  • Included free withdrawal options: Accumulated Interest after 30 days and RMDs after 30 days
  • Optional riders: 10% free withdrawal after year 1 (15 basis points) or Death Benefit Rider (25 basis points and required for Issue Ages 81+)
  • Backed by the state guaranty fund

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Available in these states:

Simple Interest

Upstream Life Secure Foundation MYGA Series interest is calculated on a simple interest 365 day year basis, meaning it does not compound interest at any point, but it does compute and accrue daily.

Compound Interest

Upstream Life Secure Legacy MYGA Series interest is calculated on a compound interest 365 day year basis, meaning it compounds interest annually, and it computes and accrues daily.

The Secure Foundation (Simple Interest) and Secure Legacy (Compound Interest) annuity products are offered in the following contract lengths:

  • 3-year
  • 5-year
  • 7-year
  • 10-year
  • 15-year
Rates effective May 18, 2020. Rates are subject to change.

The effective compound level rate of the Secure Foundation MYGA Series are:

  • 3-Year 2.52% effective
  • 5-Year 3.71% effective
  • 7-Year 3.30% effective
  • 10-Year 3.31% effective
  • 15-Year 3.27% effective

View rate sheet and download forms

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