Company Information
Company Name
Revol One Financial
Product Name
Revol One Excelera 7 Year
Description
This is a single premium annuity with a seven-year guaranteed rate lock. After seven years, owners have a 45-day window when the account is completely liquid. During this window, all funds can be withdrawn, transferred, or renewed for a new term. During the first term, the policy has no liquidity. It does offer a surrender-free death benefit that includes any positive MVA amount. If renewed for a second term, 10% free withdrawals are available. Both qualified and non-qualified funds are accepted.
AM Best Rating
B++
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
0% / 0%
Rate
5.45%
Term
7 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%, 0%
What We Like About This Annuity
This annuity usually offers competitive rates nationally. There are low minimums to begin. There are no surrender charges at death or for IRA Required Minimum Distributions.
Notable Features
At no extra charge, this contract waives surrender charges if the owner is in a nursing home or diagnosed with a terminal illness. Nursing home confinement must be for at least 90 days. Terminal illness diagnosis would expect the owner to live no more than 12 months.
Other Popular Products
Revol One offers a very 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.