Company Information
Company Name
Revol One Financial
Product Name
Revol One DirectGrowth 10 Year
Description
The DirectGrowth 10 is a single premium, multi-year guaranteed annuity with a ten-year rate lock. After ten years, owners can withdraw, transfer, annuitize, or renew their entire account balance.
If no action is taken at renewal, a new ten-year term will begin with new surrender penalties. (This is the default.) However, owners may also choose a one-year fixed interest account, with a new declared rate, and no surrender charges or market value adjustment.
Two separate riders can be added to the contract at purchase. Each reduces the interest rate by 0.10% annually. The Free Partial Surrender Rider allows for free annual withdrawals. The Enhanced Death Benefit Rider waives surrender charges at passing. Qualified and non-qualified funds are accepted.
AM Best Rating
B++ Good (5th of 13 ratings)
Company Website
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
0% / 0%
Rate
5.90%
Term
10 Years
Minimum Investment
$25,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
90
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, .90%, 0%
What We Like About This Annuity
Low minimums to start and very competitive fixed rates nationwide. Owners can tailor contracts to meet their goals by adding one or both of the product riders. Contract does no automatically renew if the one-year account is selected at renewal. Ten year plan allowing for long term rate lock.
Notable Features
Terminal Illness and Nursing Home riders are both included (where allowed) at no additional cost. Contract can be annuitized at renewal for a guaranteed income stream.
Other Popular Products
Revol One offers a popular fixed-indexed annuity called the Excelera Plus Multi-year Guarantee Index Annuity - MYGIA for short. It guarantees fixed interest growth and upside interest earnings potential all years. A truly unique and appealing fixed & indexed hybrid annuity policy.
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About Revol One Financial
This new insurance company, headquartered in Spring Lake, MI, with offices in Urbandale, IA, offers several popular annuities. It boasts a B++ rating and promises a superior experience for its policyholders.
They offer both fixed and indexed annuities, but their hybrid MYGIA policy is a unique blend of both. It was one of the first on the market to offer guaranteed interest income and fixed interest growth simultaneously.