Company Information
Company Name
Upstream Life
Product Name
Upstream Life Secure Legacy MYGA 5
Description
This is a single premium, fixed annuity with a five-year rate guarantee. Qualified and non-qualified funds are both accepted. Policies can be purchased above age 80, but a death benefit rider is required. Policy interest grows at a compounding rate when not withdrawn.
AM Best Rating
B-
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
Int / Int
Rate
5.95%
Term
5 Years
Minimum Investment
$ 10,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
80
Surrender Schedule
10%, 9%, 8%, 7%, 6%, 0%
What We Like About This Annuity
It offers some of the highest rates available. Free monthly interest withdrawals are available after 30 days. Free Required Minimum distributions offered on first contract anniversary date.
Notable Features
A surrender-free death benefit must be included on plans above age 80. This feature reduces the overall interest rate - and can can be added to contracts under age 80. Similarly owners can add a 10% free withdrawal rider at a reduced rate as well.
Other Popular Products
Upstream Life specializes in fixed annuities only. They offer fixed annuity contracts ranging in lengths of 2-15 years.
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About Upstream Life
Established in 1912, this no-frills insurance company specializes in multi-year guaranteed fixed annuities. They offer policies in several States and continue to expand their national footprint.
One of their core missions is providing service to others and improving the communities where they live and work.