CONTACT Search Search INDIVIDUALS & FAMILIES | SENIORS | EMPLOYERS | PRODUCERS | WHY US | ABOUT US HOME > SENIORS > ANNUITIES > MULTI-YEAR GUARANTEED ANNUITIES Multi-Year Guaranteed Annuities (MYGAs) Our Multi-Year Guaranteed Annuities (MYGAs) offer the growth and liquidity to meet your retirement savings needs. RETIREMENT REALITIES Outliving Savings Almost half of Americans report that outliving their savings is their greatest retirement concern.1 Funding retirement remains one of the biggest economic and social challenges facing the world in the 21st century.2 Increasing Longevity Global average life expectancy increased by 5.5 years between 2000 and 2016, the fastest increase since the 1960s.3 Interest Rate Environment According to a 2019 FDIC report, the national interest rate on savings accounts hovered around 0.09% APY.4 In addition, the average interest rate for 5-year CDs fell from 1.48% to 1.14% in 2019 alone.5 MYGA BENEFITS GUARANTEED INTEREST RATES Your premium starts earning interest immediately based on our competitive, guaranteed interest rate. TAX-DEFERRED GROWTH You only pay income tax when you begin taking withdrawals. ACCESS YOUR MONEY Beginning the first year, you may withdraw up to 15% of your annuity value free of charge, depending on the annuity product chosen. LEAVE A LEGACY Leave a legacy for your beneficiaries and avoid probate. In the event of your death, and depending on the annuity product chosen, your beneficiaries will receive your full annuity value. CHOOSE YOUR GUARANTEE PERIOD Choose a guarantee period that fits your financial needs and goals. Our MYGA annuities offer a range of guarantee periods from 3 to 7 years. NO ADMINISTRATIVE FEES OR CHARGES There are no set-up or administrative charges. Your single premium accumulates interest immediately when the contract begins. MULTI-YEAR GUARANTEE ANNUITY (MYGA) OPTIONS Issued by Manhattan Life Premium Preferred Preferred Choice Issued by Western United Life Future Select Discovery Discovery Plus Navigator Elite MVA Navigator Ultra MVA Guarantee Periods 5 & 7 Years 3, 5, 6, & 7 Years 5 & 7 Years 3, 5 & 7 Years 3, 5, & 7 Years Penalty-free Partial Surrenders (Withdrawals) 15% per Calendar Year 3 Year - Accrued Interest or current year RMD; 5, 6, & 7 Years - 15% per Calendar Year Accrued Interest or current year RMD 10% Per Contract Year No Waiver of Surrender Charges At Death of the Annuitant At Death of the Annuitant At Death of the Annuitant At Death of the Annuitant No Guaranteed Return of Premium (ROP) Return of premium minus withdrawals taken No No No No Market Value Adjustment (MVA) No No No May increase or decrease the amount received May increase or decrease the amount received Death Benefit Annuity Value Annuity Value Annuity Value Annuity Value Surrender Value Have a Producer Contact Me ManhattanLife is a group of operating life and health insurance companies: Manhattan Life Insurance Company, Western United Life Assurance Company, Family Life Insurance Company, ManhattanLife Assurance Company of America, and Standard Life and Casualty Insurance Company. ManhattanLife was founded in 1850 and was one of the early pioneers in the life insurance industry. Since then, ManhattanLife and its affiliated companies have provided secure and innovative life and health insurance products and services to more than 700,000 policy and contract holders throughout the United States. Withdrawals made prior to age 59½ are subject to ordinary income taxation and may be subject to tax penalties. Neither ManhattanLife nor any of its subsidiaries or representatives provide tax, legal, or accounting advice. Please consult your personal tax advisor. This annuity is NOT: 1) a certificate of deposit (CD); 2) FDIC or NCUA insured; 3) insured by any federal government agency; or 4) guaranteed by a bank, savings association, or credit union. Guarantees are based on the financial strength and claims-paying ability of ManhattanLife. This material is intended for use with the general public to provide educational information only. It should not be considered, and does not constitute, personalized investment advice. Please contact one of our insurance producers for product details and benefits. Sources for statistics: 1White paper “Investing in (and for) Our Future”, World Economic Forum, June, 2019 ; 2Retirement Readiness Survey, Aegon Center for Longevity Transamerica Center for Retirement Studies and Instituto de Longevidade Mongeral, May, 2019. Future Select, Discovery, Discovery Plus, Navigator Elite MVA, and Navigator Ultra MVA, fixed annuities, and Single Premium Immediate Annuities are issued by Western United Life Assurance Company (WULA) domiciled in the state of Washington. WULA annuity contracts are administered at its Home Office in Spokane, Washington. Future Select form numbers: ICC14-SPDA, ICC16-WUFTS5, ICC16-WUFTS7; 2014-SPDA, 2016-WUFTS5 (ND, SD), 2016-WUFTS7 (ND, SD). Discovery form numbers: ICC14-SPDA, ICC16-WUDSC3; ICC16-WUDSC5; ICC16-WUDSC6; ICC16-WUDSC7; 2014-SPDA, 2016-WUDSC3 (ND, SD), 2016-WUDSC5 (ND, SD), 2016-WUDSC6 (ND, SD), 2016-WUDSC7 (ND, SD). Discovery Plus form numbers: ICC20-SPMYGA, ICC20-WUDSP3, ICC20-WUDSP5, ICC20-WUDSP7. Navigator Elite MVA form numbers: ICC20-SPMYGA-MVA, ICC20-WUNVE3, ICC20-WUNVE5, ICC20-WUNVE7. Navigator Ultra MVA form numbers: ICC20-SPMYGA-MVA, ICC20-WUNVU3, ICC20-WUNVU5, ICC20-WUNVU7. Immediate Annuity form numbers: WULA SPIA (11.04), WULA SPIA (03.03). Not available in all states and/or other variations or restrictions may apply. Premium Preferred, Preferred Choice, fixed annuities are issued by The Manhattan Life Insurance Company (MLIC) domiciled in the state of New York. MLIC annuity contracts are administered at its Annuity Operations Office in Spokane, Washington. Premium Preferred form numbers: ICC14-SPDA, ICC16-MLPRM5, ICC16-MLPRM7; 2014-SPDA, 2016-MLPRM5 (CA, DE, FL), 2016-MLPRM7 (CA, DE, FL); 2015-SPDA_NY, 2016-MLPRM5_NY, 2016-MLPRM7_NY. Preferred Choice form numbers: ICC14-SPDA, ICC16-MLPRF3, ICC16-MLPRF5, ICC16-MLPRF6, ICC16-MLPRF7; 2014-SPDA, 2016-MLPRF3 (CA, DE, FL), 2016-MLPRF5 (CA, DE, FL), 2016-MLPRF6 (CA, DE, FL), 2016-MLPRF7 (CA, DE, FL); 2015-SPDA_NY, 2016-MLPRF3_NY, 2016-MLPRF5_NY, 2016-MLPRF6_NY, 2016-MLPRF6_NY. Not available in all states and/or other variations or restrictions may apply. Facebook Linkedin Twitter Vimeo Youtube Glassdoor RSS Google Reviews 4.4 107 reviews PRODUCTS FOR Individuals & Families Seniors Employers Mortgages SOLUTIONS FOR Individuals & Families Annuities Medicare Supplement Voluntary Benefits NEED HELP Become a Producer Company Store Contact Us Have an Agent Contact Me Find a Dentist Privacy Policy © 2021 ManhattanLife HIPAA Privacy Policy ManhattanLife is the brand name for plans, products, and services provided by one or more of the subsidiaries and affiliate companies of Manhattan Life Group Inc. (“ManhattanLife Entities”). Plans, products, and services are solely and only provided by one or more ManhattanLife Entities specified on the plan, product, or service contract, not Manhattan Life Group Inc. Not all plans, products, and services are available in each state. Coverages may be underwritten by the ManhattanLife Entities which consist of The Manhattan Life Insurance Company, Family Life Insurance Company, ManhattanLife Assurance Company of America, ManhattanLife of America Insurance Company, Western United Life Assurance Company, Standard Life & Casualty Insurance Company, and Western Skies MGU. The purpose of this communication is the solicitation of insurance. Contact may be made by the companies listed or one of our agents. The information contained on this Web Site does not constitute investment advice, and is not an offer to sell or a solicitation to buy any security or any insurance product. All insurance and/or securities transactions require signed agreements between the companies of Manhattan Life Group and its customers, and the terms of those agreements are binding on the parties. No other representation, whether made in person, online, electronically, in written, graphical, or verbal communication, may alter the terms of those agreements except that your use of this Web Site constitutes your agreement to the additional Terms of Use applicable to such use. Some products may not be available in all jurisdictions. In addition, any prospectus information available on this Site is posted for informational purposes only. Learn more OK SETTINGS