Company Information
Company Name
Axonic Insurance
Product Name
Axonic Waypoint 10 MYGA
Description
The Axonic Waypoint 10 MYGA is a single-premium annuity with a ten-year rate guarantee. After ten years, owners have a 30-day window to withdraw, transfer, or exchange their full account value. If no action is taken, a new guarantee period begins with a new declared interest rate.
Two rate bands are offered with the highest rate credited to deposits above $100K. Lower rates are available for amounts between $25K – $99.9K.
Qualified and non-qualified funds are accepted. There are 10% free withdrawals beginning in year 2 and no surrender penalties are charged at death.
AM Best Rating
A- Excellent (4th of 13 ratings)
Company Website
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
0% / 10%
Rate
| 5.30% | $100,000 | — | $1,000,000 |
| 5.00% | $20,000 | — | $99,999 |
Term
10 Years
Minimum Investment
$100,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
89
Surrender Schedule
9.20%, 8.30%, 7.40%, 6.50%, 5.60%, 4.70%, 3.80%, 2.80%, 1.90%, .90%, 0%
What We Like About This Annuity
Competitive 10 year long term policy from an A- rated carrier. Rates with Axonic are often near the top nationally. Free liquidity of 10% begins in year two. There are no surrender charges at passing.
Notable Features
The policy offers terminal illness and nursing home surrender charge waivers at no charge. Joint ownership available for spouses of the insured. Policies available up to age 89.
Other Popular Products
Axonic specializes in guaranteed fixed annuities only of 2-10 year terms. They offer these policies in the US and abroad.
Download Brochure
About Axonic Insurance Services
Founded in 2022, Axonic Insurance Services is a new annuity carrier with a strong AM Best rating. They specialize in multi-year guaranteed annuities offered in the US and abroad.
The company’s stated mission is to offer high-quality annuities and investments based on strong fundamentals and expertise. They serve both individuals and institutional investors.