Company Information
Company Name
Heartland National Life
Product Name
Heartland National Secure Rate 5
Description
This is a single premium, fixed annuity with a five-year rate guarantee. It allows for accumulated interest withdrawals after 30 days and includes a surrender-free death benefit. The contract also includes a Market Value Adjustment. Upon maturity, owners have a 30 day window to withdraw, transfer, or renew their full account value.
AM Best Rating
B++
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
Int / Int
Rate
5.40%
Term
5 Years
Minimum Investment
$ 5,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
90
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
What We Like About This Annuity
This is a mid term annuity with access to the accumulated interest each month. Accounts can be funded with as little as $5K. Full account value is available at passing.
Notable Features
This account offers two optional riders that will reduce the yearly interest rate. Consumers can add a 5% free-withdrawal rider (cost = .10%) and/or an enhanced death benefit rider (cost =.15%) for full access due to terminal illness diagnosis or nursing home stay.
Other Popular Products
Heartland also offers competitive Medicare Supplement policies, home health care coverage, and hospital indemnity plans. They primarily serve senior markets.
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About Heartland National Life
Heartland National is located in Winston-Salem, NC and has been doing business for over 58 years. They boast over 40,000 policyholders and numerous awards to their credit.
Four of their core commitments are professional service, competitive rates and coverage, online access, and 24/7 support. They aim to provide competitive insurance coverage and consumer protection through high-quality products.