Company Information
Company Name
Integrity Life
Product Name
Integrity Life MultiVantage 10
Description
The MultiVantage 10 is a single premium, fixed annuity with a ten-year rate guarantee. The first year includes a 1% premium bonus resulting in the blended rate listed below. This blended rate assumes no withdrawals and compounding interest for the 10-yr term.
After ten years, investors can withdraw, transfer, or reinvest their full account value. If no action is taken, the contract continues with a one-year rate guarantee and no new surrender penalties.
This policy accepts both qualified and non-qualified deposits. There are no surrender charges at death.
AM Best Rating
A+
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
10% / 10%
Rate
4.25%
Term
10 Years
Minimum Investment
$ 20,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
89
Surrender Schedule
8%, 8%, 7%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0%
What We Like About This Annuity
Offered from an A+ rated company and low minimums to start. The policy does not automatically renew at maturity. Additionally, it offers a 1% premium bonus and 10% free withdrawals annually.
Notable Features
At no cost, this annuity includes Terminal Illness, Confinement, and Annuitization waivers. Surrender charges will be waived assuming certain conditions are met.
Other Popular Products
Integrity Life on its own is known for multi-year guaranteed annuity (MYGA) accounts with first year premium bonuses. Their parent company Western & Southern provides a host of insurance and investment products.
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About Integrity Life Insurance Company
Located in Cincinnati, OH, this A+ rated insurance company is part of the Western & Southern Financial Group. They have offered life and annuity policies to their customers since 1966 through independent agents and brokers.
Integrity Life specializes in annuities for growth and income geared toward safe and predictable retirement planning. They are built on financial strength and are one of the leading insurance companies in Ohio.