Key Highlights
- The Ibexis MYGA Plus offers a fixed interest rate of up to 6.30% for a 5-year guarantee period, ensuring consistent growth without exposure to market risks.
- Premium deposits range from $10,000 up to $1,500,000, making it accessible to a broad spectrum of investors.
- Includes an Index-Linked Option, allowing up to 50% of your premium to be tied to the S&P 500 for additional growth potential.
- Offers tax-deferred growth, meaning you only pay taxes when withdrawals begin.
- Free partial withdrawals up to 10% of the contract value annually after the first year, without surrender charges.
- Provides a death benefit, ensuring beneficiaries receive the full contract value without penalties.
Introduction
When you plan for your money goals, the Ibexis MYGA Plus is a good retirement product to think about. It gives you ways to grow your money and keep it safe. The Ibexis Life & Annuity Insurance Company offers this multi-year guaranteed annuity (MYGA). The product gives you solid, fixed rates. So, if you want a return that does not go up or down, you can use it to help protect your savings.
Whether you want sure returns, or you want to look into options for more growth, this insurance company works to keep your money safe at every step. With the myga plus from ibexis life, you can count on their long-standing trust in annuity insurance company products for your future.
Understanding MYGA Plus by Ibexis
The Ibexis MYGA Plus is a different type of financial product. It is for people who want to get a fixed rate of return and still have some flexibility. With this, you get a fixed rate for a set time, so you know what you will earn. This helps people who are retired keep their money safe for the future.
One thing that makes this annuity stand out is the extra Index-Linked Option. This lets your money grow more by linking returns to the S&P 500. There are also tax benefits and strong contract value protection. The MYGA Plus is made to match what you need when planning for retirement.
The Basics of Multi-Year Guaranteed Annuities
Multi-Year Guaranteed Annuities (MYGAs) like the Ibexis MYGA Plus are a way to save money with a fixed rate of return. This means you know how much you will get back, and the rate is locked in for the whole guarantee period. You do not have to worry about the market going up or down because your rate stays the same the entire time.
With MYGAs, you pay one premium when you start. The money you put in will get interest at the fixed rate during the full contract term. When the term ends, you can choose what to do next. You can renew the annuity, start taking regular payments, or take out your money.
MYGAs give you stability, especially when the economy is not steady. You can pick from 3, 5, or 7 year terms. This makes it easy to match your plan to your own goals. You also get the benefit of competitive annuity rates and the security of knowing your money is protected.
Why Choose Ibexis MYGA Plus?
The Ibexis MYGA Plus is known for the way it brings both safety and choices together. The fixed rate is high, reaching up to 6.30%. Because of this, people who invest in the myga plus get good returns on their money over a set period. This fixed rate of return helps people who want to earn more and not take big risks with their cash.
The myga plus also gives contract holders a flexible way to take money out. You can take up to 10% of your contract value each year with no penalty, but only after the first year. This is good if you need your money at any time, since you can get some or all of it when you want.
One more thing that helps this product is the special Index-Linked Option from Ibexis. Here, you can put up to 50% of your starting money into the S&P 500’s progress. With this, you may get extra growth to your main plan, but with your main money still safe. Because of all that, the Ibexis myga plus stands out from other annuity products today.
Key Features of Ibexis MYGA Plus
The Ibexis MYGA Plus brings features that fit many different investor needs. Here are some key points:
- You get a guaranteed interest rate through the whole guarantee period. This lets you have stability for your earnings.
- You can choose how to use your money, as there are flexible options. You may split the premiums between a fixed account and an Index-Linked Option.
The MYGA Plus gives tax-deferred growth, and you can make some partial withdrawals without fees. This helps contract holders plan for both immediate needs and long-term goals. With Ibexis, these interest rate features in their MYGA can help you get ready for the future.
Competitive Interest Rates Explained
One of the best things about Ibexis MYGA Plus is the good interest rate, which comes with clear terms. Here is a simple look at the details:
- When you deposit $100,000 or more, you get an initial interest rate of 6.30% for the 5-year term.
- If you deposit less than $100,000, you still get a good interest rate of 5.95%.
The interest rate for the fixed account stays the same for the whole contract period. This helps you know what you will get and makes growth steady. The accumulation value also grows because you can use both the fixed interest and the index-linked growth if you want.
| Deposit Amount | Interest Rate |
|---|---|
| $100,000 or more | 6.30% |
| Less than $100,000 | 5.95% |
With the MYGA Plus, the interest rates do not go down with changes in the market. This is good for people who want to plan out for the long term.
Benefits of Fixed Annuities
Fixed annuities, like the Ibexis MYGA Plus, give people a lot of good things. One big plus is tax deferral. You do not pay taxes on the interest until you take out money or start getting payments. This makes your money grow faster than it would in other investments that you pay taxes on every year.
There is also an easy part for estate planning. Fixed annuities skip the probate process. When you die, the contract value goes right to the named beneficiaries. There are no long waits or extra legal fees.
It is true that there are surrender charges if you take a lot of money out before the time is up, more than the 10% limit each year. But you can still take out some money for free. With good interest, MYGA annuities such as myga plus stay a good choice for people’s long-term financial plans.
Conclusion
To sum up, the Ibexis MYGA Plus is a good choice for people who want to get high returns from their investments. It stands out because of the strong interest rates and the fixed annuity benefits it gives. This means you can have financial stability and feel at ease about what will happen in the future. By learning about the special things that come with MYGA Plus, you can make better choices for your money. When you invest in something that promises steady returns for many years, you are helping to take care of your financial future. If you want to find out more about how Ibexis MYGA Plus, annuity benefits, and myga work for you, you can contact us anytime.
Frequently Asked Questions
How does Ibexis MYGA Plus compare to other annuities?
The Ibexis MYGA Plus is known for offering high interest rates and a lot of choices in how you put in your premium. This sets it apart from other annuity products. Unlike some annuities that depend on the performance of a specific market index, the Ibexis MYGA Plus gives you a fixed rate that stays the same. It also has secure features you can adjust for any year guarantee period. If you want a simple way to grow your money, the myga plus option lets you plan ahead with a steady rate for the whole guarantee period. This means you do not have to worry about changes in the market like you would with other kinds of myga or annuity products.
What are the current ibexis myga rates and how do they compare to previous years?
Currently, Ibexis MYGA rates are competitive, offering secure returns that often outperform traditional savings accounts. Compared to previous years, these rates have shown favorable trends, reflecting a growing demand for stable investment options. Always check the latest offerings to ensure you’re getting the best deal available.