Oceanview Harbourview MYGA 4 (w/ liquidity)
Product Overview
Insurer: Oceanview Life & Annuity Company
Brochure: View
$70,000+: 5.00%
$20,000 - $69,999: 4.65%
10bps Effective: 4/2/2025
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+ | 5.00% |
Current Rate for $20,000 - $69,999 | 4.65% |
Last Rate Change | 4/2/2025, +10bps |
Interest Type | Compound Interest |
State Availability | CA |
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:
- 5.15% for $70,000+
- 4.80% for $20,000 - $69,999
Key Details
- Ratings: Oceanview Life & Annuity Company is rated A by A.M. Best.
- Guaranteed Rates: 5.00% for premiums of $70,000+. 4.65% 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+ | 4/2/2025 | 5.00% |
3/17/2025 | 4.90% | |
1/29/2025 | 5.35% | |
1/15/2025 | 5.25% | |
$20,000 - $69,999 | 4/2/2025 | 4.65% |
3/17/2025 | 4.55% | |
1/29/2025 | 5.00% | |
1/15/2025 | 4.90% |
Available Terms & Current Rates
Premium Band | Term | Guaranteed Yield to Surrender |
---|---|---|
$70,000+ | 2 | 4.75% |
3 | 4.60% | |
4 | 5.00% | |
5 | 4.70% | |
6 | 5.20% | |
7 | 4.80% | |
10 | 5.05% | |
$20,000 - $69,999 | 2 | 4.40% |
3 | 4.25% | |
4 | 4.65% | |
5 | 4.35% | |
6 | 4.85% | |
7 | 4.45% | |
10 | 4.70% |