Secure SPDA Series
Presidential’s Secure Series is our premiere Fixed annuity platform. These MYGA (Multi Year Guarantee Annuity) Contracts offer an initial interest rate guarantee that matches up to the contract’s surrender charge. Therefore, after the initial interest rate guarantee is over, the entire contract would be liquid. Or you can leave it there and continue to earn a competitive rate of interest with no surrender charges. These contracts are very similar to what Banks will offer with other advantages such as Tax Deferral, 10% annual liquidity, minimum lifetime guaranteed interest rate and an annuitization option.
Secure 4*: 4-year Guarantee
Presidential Life's SPDA with a 4-year current interest crediting rate guarantee is called Secure 4. Subsequent annual renewal interest rates are subject to the contract lifetime minimum interest rate guarantee. Surrender charges in this contract run for the length of the initial interest rate guarantee period: 4 years, at 7%, 6%, 6% and 5% respectively. The owner of the Secure 4 SPDA has the right to take a 10% surrender charge-free withdrawal in the first contract year calculated on the premium paid and in subsequent years, calculated on the beginning year contract value.
* Product features may vary.
For current state availability scroll down to the bottom of this page.
Secure 5*: 5-year Guarantee
Presidential Life's SPDA with a 5-year current interest crediting rate guarantee is called Secure 5. Subsequent annual renewal interest rates are subject to the contract lifetime minimum interest rate guarantee. Surrender charges in this contract run for the length of the initial interest rate guarantee period: 5 years, at 7%, 7%, 6%, 6% and 4% respectively. The owner of the Secure 5 SPDA has the right to take a 10% surrender charge-free withdrawal in the first contract year calculated on the premium paid and in subsequent years, calculated on the beginning year contract value.
Current Rates 5-Year Split Annuity
* Product features may vary.
For current state availability scroll down to the bottom of this page.
Secure 6*: 6-year Guarantee
Presidential Life's SPDA with a 6-year current interest crediting rate guarantee is called Secure 6. Subsequent annual renewal interest rates are subject to the contract lifetime minimum interest rate guarantee. Surrender charges in this contract run for the length of the initial interest rate guarantee period: 6 years, at 7%, 7%, 7%, 6%, 5% and 4% respectively. The owner of the Secure 6 SPDA has the right to take a 10% surrender charge-free withdrawal in the first contract year calculated on the premium paid and in subsequent years, calculated on the beginning year contract value.
Current Rates 6-Year Split Annuity
* Product features may vary.
Currently available in the following states
* AK , AL , AR , AZ , CA , CO , CT , DC , DE , FL , GA , HI , IA , ID , IN , KS , KY , LA , MA , MD , ME , MI , MN , MO , MS , MT , NC , ND , NE , NH , NJ , NM , NV , NY , OH , OK , PA , RI , SC , SD , TN , TX , UT , VA , VT , WI , WV , WY
SPDAs not approved in all states, contract minimum crediting rate and maximum issue age may vary.