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Fixed Deferred Annuities

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Fixed Deferred Annuities

Enjoy guaranteed, tax-deferred growth free from market volatility.1

If you're looking for safety from market volatility, a fixed deferred annuity could be right for you. It gives you the security of a fixed guaranteed1 interest rate while the interest you earn is tax-deferred.2 If you’d like to explore this option, Schwab can help you choose the fixed deferred annuity that best fits your needs.

Request assistance from an Annuity Specialist by calling .

Click here for guaranteed fixed deferred annuity rates offered through Schwab.

Compare Schwab’s fixed deferred annuities:

  • Secure Term Choice Fixed Annuity II

  • Mass Mutual Stable Voyage℠

  • Midland National LiveWell® Guarantee Annuity
    (Administered by Sammons Retirement Solutions)

Overview
New York Life Secure Term Choice Fixed Annuity II
  • You may choose from a range of guarantee periods, including three, four, five, six, or seven years.
  • Option to receive at least the initial purchase amount beginning on the second policy anniversary for those who purchase a policy between ages 0-85 (available immediately for those who purchase a policy between ages 86-90).4
MassMutual Stable Voyage℠
  • You may choose from a range of guarantee periods, including five, seven, or nine years.
Midland National LiveWell Guarantee Annuity
  • You may choose from a range of guarantee periods, including three, four, five, six, seven, eight, nine, or ten years.
  • Not available in New York.
Financial Strength—A.M. Best3
New York Life Insurance and Annuity Corporation A++
Massachusetts Mutual Life Insurance Company A++
Midland National® Life Insurance Company A+
Issuer
New York Life Secure Term Choice Fixed Annuity II New York Life Insurance and Annuity Corporation
MassMutual Stable Voyage℠ Massachusetts Mutual Life Insurance Company
Midland National LiveWell Guarantee Annuity Midland National® Life Insurance Company
Minimum initial purchase (additional purchase not permitted): Non-qualified and Qualified12
New York Life Secure Term Choice Fixed Annuity II $5,000*
MassMutual Stable Voyage℠ $10,000
Midland National LiveWell Guarantee Annuity $25,000
Maximum issue age
New York Life Secure Term Choice Fixed Annuity II 905
MassMutual Stable Voyage℠ 858
Midland National LiveWell Guarantee Annuity 9015
Initial interest rate guarantee period1
New York Life Secure Term Choice Fixed Annuity II Three, four, five, six, or seven years
MassMutual Stable Voyage℠ Five, seven, or nine years
Midland National LiveWell Guarantee Annuity Three, four, five, six, seven, eight, nine, or ten years
Interest rate renewal options
New York Life Secure Term Choice Fixed Annuity II
  • The policy will receive a new renewal rate each anniversary that is based on the accumulation value. That rate will not be less than the guaranteed minimum interest rate stated in your policy. Or,
  • At the end of the initial interest rate guarantee period, you can take a partial or full withdrawal—no surrender charge.2 Or,
  • You can begin annuity payments – no surrender charge.2
MassMutual Stable Voyage℠
  • Renew into a new, long-term (five, seven or nine year) renewal guarantee period, if available at the time. A reduced surrender charge period will begin. Or,
  • Renew into a one-year guarantee period. The guaranteed interest rate will not be less than the minimum guaranteed interest rate—no surrender charge period will apply. Or,
  • At the end of the initial interest rate guarantee period, you can take a partial or full withdrawal—no surrender charge.2 Or,
  • You can begin annuity payments – no surrender charge.2
Midland National LiveWell Guarantee Annuity
  • Renew into a new guarantee period (three, four, five, six, seven, eight, nine or ten years). A new surrender charge period will begin.13 Or,
  • At the end of the initial interest rate guarantee period, you can take a partial or full withdrawal—no surrender charges or market value adjustment will apply.2 Or,
  • You can begin annuity payments—no surrender charges or market value adjustment will apply.2
Interest rate crediting bands
New York Life Secure Term Choice Fixed Annuity II
  • $5,000 to $24,999
  • $25,000 to $49,999
  • $50,000 to $99,999
  • $100,000 to $1,499,999
  • $1,500,000 and over
MassMutual Stable Voyage℠
  • $10,000 to $99,999
  • $100,000 and over
Midland National LiveWell Guarantee Annuity
  • $25,000 to $99,999
  • $100,000 to $249,999
  • $250,000 and over
Penalty free withdrawals2
New York Life Secure Term Choice Fixed Annuity II

Each policy year, you may withdraw the greatest of:

  • 10% of the accumulation value as of the previous anniversary, or
  • 10% of the current accumulation value, or
  • 100% of the gain earned in the policy. (For policies with a premium amount of $100,000 or more. Not available in New York.)

Required minimum distributions (RMD):

  • Qualifying RMD amounts that exceed the free withdrawal amount are not subject to surrender charges14
MassMutual Stable Voyage℠
  • First contract year: Up to 10% of the contract value as determined at the time the first withdrawal request is processed
  • Contract years two and later: Up to 10% of the contract value calculated as of the last business day of the previous contract year

Required minimum distributions (RMD):

  • Qualifying RMD amounts for an IRA or a qualified plan that exceed the free withdrawal amount are not subject to surrender charges
Midland National LiveWell Guarantee Annuity
  • After the first contact year:15 Withdraw up to 5% (not cumulative) of the accumulation value per year (market value adjustment2,10 and surrender charges do not apply)

Required minimum distributions (RMD):

  • Qualifying RMD amounts that exceed the penalty-free 5% withdrawal amount are subject to surrender charges or market value adjustment
Automatic withdrawals2
New York Life Secure Term Choice Fixed Annuity II Available
MassMutual Stable Voyage℠ Available
Midland National LiveWell Guarantee Annuity Available
Surrender charge schedule
New York Life Secure Term Choice Fixed Annuity II
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7
7% 7% 7% 6% 5% 4% 3%
MassMutual Stable Voyage℠
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9
7% 7% 7% 6% 5% 4% 3% 2% 1%
Midland National LiveWell Guarantee Annuity
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
9% 8% 7% 6% 5% 4% 3% 2% 1% 0.50%
Death Benefit
New York Life Secure Term Choice Fixed Annuity II Full accumulation value prior to annuitization
MassMutual Stable Voyage℠ Full contract value prior to annuitization
Midland National LiveWell Guarantee Annuity Full accumulation value prior to annuitization
Additional features
New York Life Secure Term Choice Fixed Annuity II
  • Return of Premium benefit (beginning on the second policy anniversary)
  • Living Needs Benefit/Unemployment Rider
  • Enhanced Beneficiary Benefit Rider6 (available for a fee)
  • Enhanced Spousal Continuance Rider7 (available for a fee)
  • Interest Opportunity Rider11 (available for a fee)
MassMutual Stable Voyage℠
  • Nursing home and hospital waiver9
  • Terminal illness waiver
Midland National LiveWell Guarantee Annuity
  • Market value adjustment2,10

Ready to get started?

Request assistance from an Annuity Specialist by calling .

Fixed deferred annuity frequently asked questions

What are fixed deferred annuities?

Fixed deferred annuities provide guaranteed asset growth at a fixed rate for a specific time period. The growth is tax-deferred which can help you accumulate more assets instead of paying taxes during the accumulation phase, and your assets are protected from market uncertainty. If you choose to receive guaranteed income, you can choose income for life or for a specific time period.

When might fixed deferred annuities be a good option for your situation?

If you have a portion of investable assets that you are not willing to lose any principal on, and you don't anticipate needing to access the funds for a number of years, then a FDA might be a good fit in your portfolio.

What should I be aware of?

Fixed deferred annuities can also have surrender charges (a charge on an early withdrawal based on the time period of the policy or cancellation of the policy) and some contracts may impose a market value adjustment if you make a withdrawal during one or more of the guaranteed periods you can elect under the policy. Generally, any withdrawals in a given year that exceed 10% of your account value will be subject to surrender charges and/or a market value adjustment.

Withdrawals from a fixed deferred annuity will reduce the value of your annuity and can be subject to ordinary income tax. Withdrawals prior to age 59½ may also be subject to a 10% Federal tax penalty.

A Schwab Financial Consultant can help you determine which annuity might fit your retirement strategy.

Brokerage and insurance products: Are not deposits • Are not FDIC-insured • Are not insured by any federal government agency • Are not guaranteed by the bank or any affiliate of the bank • May lose value

See the Midland National LiveWell Guarantee Annuity brochure and disclosure which provides more details about the contract, product features, costs, and other important considerations. You can obtain this and other information by calling 888-311-4889 (option 2).