Company Information
Company Name
Western United Life
Product Name
Western United Navigator Ultra MVA 5
Description
This is a single premium, fixed annuity with a five-year rate guarantee. After five years, owners have a 30-day window to withdraw, transfer, or renew their full account value. This policy includes a Market Value Adjustment and surrender penalties apply at passing.
AM Best Rating
B++
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
0% / 0%
Rate
4.95%
Term
5 Years
Minimum Investment
$ 10,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
75
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
What We Like About This Annuity
Low minimums to start. This is a mid term annuity designed for growth and tax deferral. At times, this policy offers competitive rates nationally.
Notable Features
This policy includes an annuitization waiver at no cost. However, surrender penalties (if applicable) apply at passing. Penalty free withdrawals are not allowed.
Other Popular Products
Western United offers alternative annuities with more liquidity features. The Discovery and Navigator Elite series offer lower rates with more withdrawal options for owners.
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About Western United Life
Headquartered in Houston, TX and a subsidiary of Manhattan Life, Western United is a niche insurance company specializing primarily in annuities. Their parent insurer was founded in 1850 and is one of the oldest operational carriers in the US.
Together, Western United and Manhattan Life offer a wide array of coverage including life insurance, accident, dental, vision & hearing, mortgage protection, Medicare Supplements, as well as several other ancillary lines of business.