Oceanview Harbourview MYGA 4 (w/ liquidity)
Product Overview
Insurer: Oceanview Life & Annuity Company
Brochure: View
$70,000+: 5.50%
$20,000 - $69,999: 5.15%
10bps Effective: 01/29/2025
Basic Features
| Feature | Details |
|---|---|
| Product Name | Oceanview Harbourview MYGA 4 (w/ liquidity) |
| Insurer | Oceanview Life & Annuity Company |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 4 Years |
| Current Rate for $70,000+ | 5.50% |
| Current Rate for $20,000 - $69,999 | 5.15% |
| Last Rate Change | 01/29/2025, +10bps |
| Interest Type | Compound Interest |
| State Availability | AK, AL, AR, AZ, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY |
| Free Withdrawals |
|
| Free RMDs | Yes |
| 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% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Pension |
| Terms Available | 2, 3, 4, 5, 6, 7, 10 Years |
| Age Restrictions | 0 to 89 Years Old |
Quick Summary
The Oceanview Harbourview MYGA 4 (w/ liquidity) is a 4-year Multi-Year Guaranteed Annuity (MYGA) issued by Oceanview Life & Annuity Company and sold through PlanEasy Inc., a national online annuity agency.
Earn a guaranteed compound interest rate on this fixed annuity:
Your compound rate is locked in for 4 years, ensuring predictable, tax-deferred growth.
This fixed annuity is a strong alternative to bank CDs, offering stable returns with tax-deferred benefits.
The product has no free withdrawals in year 1 and 10% free withdrawals in year 2+.
Withdrawals for RMDs are free.
There is also a traditional accumulated account value death benefit for your beneficiaries.
Earn a guaranteed compound interest rate on this fixed annuity:
- 5.50% for $70,000+
- 5.15% for $20,000 - $69,999
Your compound rate is locked in for 4 years, ensuring predictable, tax-deferred growth.
This fixed annuity is a strong alternative to bank CDs, offering stable returns with tax-deferred benefits.
The product has no free withdrawals in year 1 and 10% free withdrawals in year 2+.
Withdrawals for RMDs are free.
There is also a traditional accumulated account value death benefit for your beneficiaries.
Key Details
- Ratings: Oceanview Life & Annuity Company is rated A by A.M. Best.
- Guaranteed Rates: 5.50% for premiums of $70,000+. 5.15% for premiums of $20,000 - $69,999. This fixed guaranteed rate ensures predictable tax-deferred growth, making it an excellent alternative to bank CDs.
- Term: The interest rate is guaranteed for 4 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 89 years old.
- Minimum Premium: Investors can contribute a minimum of $20,000
- 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 4-Year Rates
| Premium Band | Effective Date | Guaranteed 4-Year Yield to Surrender |
|---|---|---|
| $70,000+ | 01/29/2025 | 5.50% |
| 01/15/2025 | 5.40% | |
| 12/20/2024 | 5.20% | |
| $20,000 - $69,999 | 01/29/2025 | 5.15% |
| 01/15/2025 | 5.05% | |
| 12/20/2024 | 4.85% |
Available Terms & Current Rates
| Premium Band | Term | Guaranteed Yield to Surrender |
|---|---|---|
| $70,000+ | 2 | 5.10% |
| 3 | 5.20% | |
| 4 | 5.50% | |
| 5 | 5.30% | |
| 6 | 5.65% | |
| 7 | 5.40% | |
| 10 | 5.65% | |
| $20,000 - $69,999 | 2 | 4.75% |
| 3 | 4.85% | |
| 4 | 5.15% | |
| 5 | 4.95% | |
| 6 | 5.30% | |
| 7 | 5.05% | |
| 10 | 5.30% |