MIDWEST INSURANCE GROUP - Innovative Insurance Products for the Financial Professional
GBU FINANCIAL LIFE ANNUITIES

Current rates declared 2-1-2020

5 year flex annuity: "Preferred Five" ($200K MAX PREMIUM WITHOUT HOME OFFICE APPROVAL)

Flex contract, no rolling surrender charges.
Current rate: 2.75%, guaranteed for 1st contract year.  1.50% minimum guarantee rate.  3.25% Current renewal rate for contracts one year old or older, although not guaranteed.  Portfolio rate annuity, rates can rise with market rates, but never be lower than 1.50%.
Issued through age 90.
Premiums: See GBU forms page for minimums and maximums and banded interest rates.
Commissions: 2.50% through age 75, 1.25% through age 90.
Liquidity: Penalty free withdrawals of interest 1st year. Penalty free withdrawals of interest and 10% of principal years 2-5.
Surrender charges in excess of penalty withdrawals: 6.00%, 5.00%, 4.00%, 3.00%, 2.00%.  After the 1st contract year, additional deposits are limited to $100,000.00/year.
Available in the following states:
CT,FL,IL,IN,MD,MI,MN,MO,NJ,OH,PA, WV and WI.
 

8 year flex annuity: "Preferred Eight" ($1,000,000.00, MAX PREMIUM WITHOUT HOME OFFICE APPROVAL)

Flex contract, no rolling surrender charges.
Current rate: 3.25%, guaranteed for 1st contract year.  2.00% minimum guarantee rate.  3.65% current renewal rate for contracts one year and older, although not guaranteed.  Portfolio rate annuity, rates can rise with market rates, but never less than 2.00%.
Liquidity: Penalty free withdrawals of interest 1st year. 
Premiums: $10,000.00 minimum, maximum $1,000,000.00.
Commissions: 3.50% through age 75, 1.75% through age 90.
Penalty free withdrawals of interest and 10% of principal years 2-8.
Surrender charges in excess of penalty withdrawals: 7.00%, 7.00%, 6.00%, 6.00%, 5.00%, 4.00%, 3.00%, 2.00%.  After the 1st contract year additional deposits are limited to $200,000.00/year. 
Available in the following states:
CT,FL,IL,IN,MD,MI,MN,MO,NJ,OH,PA,WV and WI.  
 
SPIA: 3.25% CURRENT RATE! ($1,000,000.00 MAX PREMIUM WITHOUT HOME OFFICE APPROVAL)
 
Settlement Options:
 
Period Certain 10-25 years
Period Certain and life, 10-20 years.
Joint and Survivor
Lifetime-No Refund
Lifetime-With refund
 

 
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