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Oceanview Life and Annuity Company (Oceanview Life) focuses on providing high quality retirement savings products and services to its policyholders and maintaining appropriate financial protection over the life of their policies.

Oceanview Life is developing a suite of retirement products including multi-year guaranteed annuities (MYGAs) and fixed indexed annuities (FIAs) designed to meet the demands of retirees. These products will be distributed through a network of agents, banks and broker-dealer intermediaries in select states.

Oceanview has partnered with Oceanview Asset Management, a wholly owned subsidiary of Bayview Asset Management, to serve as Oceanview Life’s investment manager.

Harbourview MYGA Features

The Harbourview Multi-Year Guaranteed Annuitiy offers clients a guaranteed premium, guaranteed yield, and the benefits of tax deferral.

  • Get current rates on our Fixed Annuity Rates page
  • Guarantee Periods: 2, 3, 4, 5, 6, 7 and 10 Year
  • Issue Age: 0 through 89 (Last Birthday)
  • Minimum Premium: $20,000 (Qualified and Non-Qualified)
  • Crediting Rate: Crediting Rate is set at policy issue date for the Guarantee Period selected. At the end of the Guarantee Period, you will be notified that the contract can be surrendered, transfered, or renewed for another Guarantee Period for the then current renewal rates. Minimum Guaranteed Crediting Rate is 1%.
  • Free Partial Withdrawals: After the first 12 months, up to 10% of account value is available for withdrawal without surrender charges, annually. Withdrawals in excess of the 10% free allowance will be subject to surrender charges and an MVA. Minimum Withdrawal Amount = $250.
  • Settlement Options: Life Only; Life with 10-Year Period Certain; Joint and Last Survivor with 10-Year Period Certain (If Annuitized).
  • Market Value Adjustment (Not Applicable in CA): A Market Value Adjustment (MVA) applies to all withdrawals subject to Surrender Charges. The MVA may have the effect of increasing or decreasing the Surrender Value of the withdrawal depending on market interest rates. The Product Disclosure provided to you at the time of the application has additional details regarding the MVA.
  • Death Benefit: Contract Value (No MVA or surrender charges) or Spousal Continuation

Oceanview State Availability