Oceanview Harbourview MYGA 6 (w/ liquidity)

Product Overview

Brochure: View
$70,000+: 5.50%
$20,000 - $69,999: 5.15%
10bps Effective: 01/29/2025

Basic Features

FeatureDetails
Product Name Oceanview Harbourview MYGA 6 (w/ liquidity)
Insurer Oceanview Life & Annuity Company
Ratings
  • A.M. Best: A
  • Rating Date: 11/2023
Agent/Broker PlanEasy Inc.
Annuity Type Multi-Year Guaranteed Annuity (MYGA)
Term 6 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 CA
Free Withdrawals
  • Year 1: None
  • Year 2+: 10%
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%, 5.0%, 4.0%
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 6 (w/ liquidity) is a 6-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:

  • 5.65% for $70,000+
  • 5.30% for $20,000 - $69,999

Your compound rate is locked in for 6 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 6 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 6-Year Rates

Premium BandEffective DateGuaranteed 6-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 BandTermGuaranteed Yield to Surrender
$70,000+ 2 4.95%
3 5.05%
4 5.35%
5 5.15%
6 5.50%
7 5.25%
10 5.50%
$20,000 - $69,999 2 4.60%
3 4.70%
4 5.00%
5 4.80%
6 5.15%
7 4.90%
10 5.15%