Ibexis MYGA Plus 3 (w/ liquidity)
Product Overview
Brochure: View
$100,000+: 5.25% Simple (5.00% Compounded Equivalent)
$0 - $99,999: 4.80% Simple (4.59% Compounded Equivalent)
32bps Effective: 3/20/2025
Basic Features
| Feature | Details |
|---|---|
| Product Name | Ibexis MYGA Plus 3 (w/ liquidity) |
| Insurer | Ibexis Life & Annuity Insurance Company |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 3 Years |
| Current Rate for $100,000+ | 5.25% Simple (5.00% Compounded Equivalent) |
| Current Rate for $0 - $99,999 | 4.80% Simple (4.59% Compounded Equivalent) |
| Last Rate Change | 3/20/2025, +32bps |
| Interest Type | Simple Interest |
| State Availability | AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TX, UT, VA, WV, WI, WY |
| Free Withdrawals |
|
| Free RMDs | Yes |
| Death Benefit | Yes |
| MVA | Yes |
| Nursing Home Waiver | Yes |
| Terminal Illness Waiver | Yes |
| Surrender Charge by Year | 9.0%, 8.0%, 7.0% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA, SEP IRA, Pension |
| Terms Available | 3, 5, 7 Years |
| Age Restrictions | 0 to 85 Years Old |
Quick Summary
The Ibexis MYGA Plus 3 (w/ liquidity) is a 3-year Multi-Year Guaranteed Annuity (MYGA) issued by Ibexis Life & Annuity Insurance Company and sold through PlanEasy Inc., a national online annuity agency.Earn a guaranteed simple interest rate on this fixed annuity:
- 5.25% Simple for $100,000+ (5.00% compounded equivalent)
- 4.80% Simple for $0 - $99,999 (4.59% compounded equivalent)
Key Details
- Ratings: Ibexis Life & Annuity Insurance Company is rated A- by A.M. Best.
- Guaranteed Rates: 5.25% Simple (5.00% Compounded Equivalent) for premiums of $100,000+. 4.80% Simple (4.59% Compounded Equivalent) for premiums of $0 - $99,999. This fixed guaranteed rate ensures predictable tax-deferred growth, making it an excellent alternative to bank CDs.
- Term: The interest rate is guaranteed for 3 years with a surrender charge schedule of the same duration.
- Free Withdrawals: Yes, there is liquidity as the product allows for 10% in year 2+ that do not incur any surrender charges.
- RMDs: Yes, RMDs can be taken out without penalty.
- Age Eligibility: Available for owners between 0 to 85 years old.
- Minimum Premium: Investors can contribute a minimum of $0
- 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: Yes, if the owner is confined to a nursing home per the definition in the contract, surrender charges and MVAs are waived.
- Terminal Illness Waiver: Yes, if the owner is terminally ill as defined in the contract, surrender charges and MVAs are waived.
Current & Historical 3-Year Rates
| Premium Band | Effective Date | Guaranteed 3-Year Yield to Surrender |
|---|---|---|
| $100,000+ | 3/20/2025 | 5.00% | 5.25% Simple |
| 10/3/2024 | 4.68% | 4.90% Simple | |
| 8/29/2024 | 4.91% | 5.15% Simple | |
| 8/8/2024 | 5.13% | 5.40% Simple | |
| $0 - $99,999 | 3/20/2025 | 4.59% | 4.80% Simple |
| 10/3/2024 | 4.27% | 4.45% Simple | |
| 8/29/2024 | 4.45% | 4.65% Simple | |
| 8/8/2024 | 4.91% | 5.15% Simple |
Available Terms & Current Rates
| Premium Band | Term | Guaranteed Yield to Surrender |
|---|---|---|
| $100,000+ | 3 | 5.00% | 5.25% Simple |
| 5 | 5.06% | 5.60% Simple | |
| 7 | 5.10% | 5.95% Simple | |
| $0 - $99,999 | 3 | 4.59% | 4.80% Simple |
| 5 | 4.65% | 5.10% Simple | |
| 7 | 4.72% | 5.45% Simple |