August 27, 2024
Did You Hear the News? New RetireMax Secure (MYGA)
New features launched August 24.
Starting August 24, more clients are now able to benefit from locking in a guaranteed interest rate with RetireMax Secure (not available in NY). They also have more options than ever before.
Here’s what’s new:
- Minimum deposit of $25,000 means more clients can buy this MYGA
- Choice of 3-year or 5-year rate guarantee period
- Market Value Adjustment (MVA) options that offer a higher rate (Learn about MVA)
- Rate banding, with a higher rate starting at $100,000
- 60-day rate lock instead of a 90-day rate lock
RetireMax Secure will continue to offer all the benefits loved by clients today.
- Guaranteed interest rate for a set number of years
- Interest compounds
- Protected from market risk
- Access to money
- No fees or expenses
Important
You must complete Annuity Training before selling the new RetireMax Secure products. Log on to agent portal and start the training at: https://www.nationallife.com/agent/training/product-training/annuities.
View Rates & Transition Rules