Heartland National Secure Rate Annuity 10 (w/ liquidity)
Product Overview
Basic Features
| Feature | Details |
|---|---|
| Product Name | Heartland National Secure Rate Annuity 10 (w/ liquidity) |
| Insurer | Heartland National Life Insurance Company |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 10 Years |
| Current Rate for $5,000 - $1,000,000 | 5.55% |
| Last Rate Change | 3/26/2025, Affirmed |
| Interest Type | Compound Interest |
| State Availability | AK, AL, AR, AZ, CO, DE, FL, GA, HI, IA, IL, IN, KS, KY, MD, MO, MS, MT, ND, NE, NM, NV, OH, OK, OR, PA, SC, SD, TN, TX, UT, WV, WY |
| Free Withdrawals |
|
| Free RMDs | No |
| Death Benefit | Yes |
| MVA | Yes |
| Nursing Home Waiver | No |
| Terminal Illness Waiver | No |
| Surrender Charge by Year | 9.0%, 8.0%, 7.0%, 6.0%, 5.0%, 4.0%, 3.0%, 2.5%, 1.5%, 0.9% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA, SEP IRA |
| Terms Available | 3, 5, 7, 10 Years |
| Age Restrictions | 0 to 90 Years Old |
Quick Summary
The Heartland National Secure Rate Annuity 10 (w/ liquidity) is a 10-year Multi-Year Guaranteed Annuity (MYGA) issued by Heartland National Life Insurance Company and sold through PlanEasy Inc., a national online annuity agency.Earn a guaranteed compound interest rate on this fixed annuity:
- 5.55% for $5,000 - $1,000,000
Key Details
- Ratings: Heartland National Life Insurance Company is rated B++ by A.M. Best.
- Guaranteed Rates: 5.55% for premiums of $5,000 - $1,000,000. This fixed guaranteed rate ensures predictable tax-deferred growth, making it an excellent alternative to bank CDs.
- Term: The interest rate is guaranteed for 10 years with a surrender charge schedule of the same duration.
- Free Withdrawals: Yes, there is liquidity as the product allows for interest only in year 1 and interest only in year 2+ that do not incur any surrender charges.
- RMDs: No, RMDs are not free, unless part of any available free withdrawals.
- Age Eligibility: Available for owners between 0 to 90 years old.
- Minimum Premium: Investors can contribute a minimum of $5,000
- Death Benefit: Yes, the product has a traditional death benefit of the annuity's accumulation value, available to the beneficiary with no surrender charges.
- Market Value Adjustment (MVA): Yes, the MVA is applicable to any withdrawals that also incur surrender charges.
- Nursing Home Waiver: No, there is no nursing home waiver.
- Terminal Illness Waiver: No, there is no terminal illness waiver.
Current & Historical 10-Year Rates
| Premium Band | Effective Date | Guaranteed 10-Year Yield to Surrender |
|---|---|---|
| $5,000 - $1,000,000 | 3/26/2025 | 5.55% |
| 1/21/2025 | ||
| 12/13/2024 | ||
| 11/22/2024 |
Available Terms & Current Rates
| Premium Band | Term | Guaranteed Yield to Surrender |
|---|---|---|
| $5,000 - $1,000,000 | 3 | 4.80% |
| 5 | 5.45% | |
| 7 | 5.55% | |
| 10 |