| Feature | Details |
|---|---|
| Product Name | Knighthead / Merit Life Staysail 5 (no liquidity) |
| Insurer | Knighthead Life / Merit Life Insurance Company |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 5 Years |
| Current Rate for $100,000+ | 6.45% Simple (5.75% Compounded Equivalent) |
| Current Rate for $10,000 - $99,999 | 6.20% Simple (5.55% Compounded Equivalent) |
| Last Rate Change | 5/9/2025, -8bps |
| Interest Type | Simple Interest |
| State Availability | Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Maine, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, West Virginia, Wyoming |
| Free Withdrawals | No. If you request a withdrawal or surrender your contract before the end of your current guarantee period, you would be subject to a withdrawal charge and market value adjustment on any amount you withdraw. |
| Free RMDs | Yes |
| Death Benefit | Yes |
| MVA | Yes |
| Nursing Home Waiver | Yes |
| Terminal Illness Waiver | Yes |
| Surrender Charge by Year | 8.5%, 8.0%, 7.0%, 6.0%, 5.0% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA, Pension |
| Terms Available | 3, 5, 7 Years |
| Age Restrictions | 0 to 85 Years Old |
| Premium Band | Effective Date | Guaranteed 5-Year Yield to Surrender |
|---|---|---|
| $100,000+ | 5/9/2025 | 5.75% | 6.45% Simple |
| 2/5/2025 | 5.83% | 6.55% Simple | |
| 1/21/2025 | 5.59% | 6.25% Simple | |
| 12/2/2024 | 5.43% | 6.05% Simple | |
| $10,000 - $99,999 | 5/9/2025 | 5.55% | 6.20% Simple |
| 2/5/2025 | 5.63% | 6.30% Simple | |
| 1/21/2025 | 5.39% | 6.00% Simple | |
| 12/2/2024 | 5.22% | 5.80% Simple |
| Premium Band | Term | Guaranteed Yield to Surrender |
|---|---|---|
| $100,000+ | 3 | 5.49% | 5.80% Simple |
| 5 | 5.75% | 6.45% Simple | |
| 7 | 5.65% | 6.70% Simple | |
| $10,000 - $99,999 | 3 | 5.27% | 5.55% Simple |
| 5 | 5.55% | 6.20% Simple | |
| 7 | 5.47% | 6.45% Simple |