LIQUIDITY In addition to rate guarantees, the Heritage Builder allows for penalty-free withdrawal options should you need to access funds during your crediting period. Accumulated Interest 1 AVAILABLE PENALTY-FREE 30 DAYS AFTER POLICY EFFECTIVE DATE Accumulated interest can be taken as automatic installments paid annually, semi-annually, quarterly or monthly. There is a $100 minimum for withdrawals and they must be paid by electronic transfer. Free Withdrawal 1 UP TO 10% OF THE BEGINNING OF YEAR ACCOUNT VALUE IS AVAILABLE PENALTY-FREE AFTER THE FIRST CONTRACT YEAR You may withdraw up to 10% of the beginning of year Account Value penalty-free after the first contract year. Your Free Withdrawal can be taken as a one-time payment or as automatic installments paid annually, semi-annually, quarterly or monthly. There is a $100 minimum for withdrawals and they must be paid by electronic transfer. May be subject to additional terms. Required Minimum Distribution RMDs PENALTY-FREE SIX MONTHS AFTER EFFECTIVE DATE The Heritage Builder MYGA is “RMD friendly.” The amount the IRS requires you to withdraw annually after reaching RMD age is available after the first six months, without fee, even if it exceeds your annual Free Withdrawal amount. This applies to qualified accounts only. RMDs may be scheduled for withdrawal to be taken automatically on an annual, semi-annual, quarterly or monthly basis. There is a $100 minimum for withdrawals, and they must be paid by electronic transfer. May be subject to additional terms. ELIGIBILITY The Heritage Builder is available to U.S. citizens ages 0 through 90, for Qualified and Non-qualified funds. Premium minimums and maximums are subject to change. Please see the product Rate Sheet for current amounts. You have the option to choose a 3-year, 5-year or 7-year guarantee period. With a guaranteed interest rate, you don’t have to worry about market downturns during that entire period. Interest is posted to the Account Value daily and compounded at the end of each contract year. Peace of mind provided while your money works for you. MAKE YOUR MONEY WORK SMARTER People approaching or in retirement often have a common dilemma, which is how to keep their cash safe, readily liquid, and earning interest. A CD comes to mind, but a better option is the Investors Heritage Builder Multi-Year Guaranteed Annuity (MYGA). A MYGA is designed to be part of your retirement plan purchased with funds you do not plan to need for daily living for the next several years. With a Heritage Builder MYGA plan, your money will be working for you – while not subject to market risk because the interest rate is guaranteed for 3-years, 5-years or 7-years. And there are no annual fees – 100% of your contribution is earning tax-deferred interest. Make your money work smarter with built-in safety and flexibility.
1 Free withdrawal amounts from Accumulated Interest and Free Withdrawal may be limited by other free withdrawals taken. Minimums subject to change.
MYGA BROCHURE - MYGABROCHURE-MVA-02-2023
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