Minimum Premium
$10,000
Issue Ages
0-85 Owner/Annuitant
Interest Rates
The Eleos-MVA’s interest rates are reviewed regularly. Ask your agent about the current interest rates credited to new issues.
Surrender Penalties
There are no initial sales charge or fees, which means that 100% of your premium earns interest from the date we receive it. However, a Market Value Adjustment and Surrender Charges will apply to surrenders made during the first
five contract years.
The Market Value Adjustment factor is calculated by comparing the original base interest rate with the base interest rate currently credited on new issues at time of surrender and factoring in the time remaining in the Market Value Adjustment period. This can result in a credit to your annuity value during a period of decreasing rates, or conversely a deduction from your annuity value during a period of increasing rates.
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