Protect and grow with
Staysail.
Navigate your retirement, your way with the support of our multi-year guaranteed annuity.
Stability and protection for the course ahead.
Multi-year guaranteed annuities (MYGAs) are an excellent complement to an overall retirement strategy. Staysail, a MYGA from Knighthead Life, helps safeguard retirement savings and earns a guaranteed rate of return no matter the market.
How Staysail works.
On a ship, the staysail provides additional support and stability. Just like a staysail, our MYGA bolsters your retirement strategy, helping you navigate and weather all market conditions. Plus, Staysail offers flexible 3, 5, and 7 year guaranteed periods so you can further customize your course.
GOA Allocation (Single Allocation)
Determine the initial premium amount.
Minimum Premium: $10,000
Maximum Premium: $2,000,000
Select the Guaranteed Option Period (GOP) and fixed rate of simple interest.
3-Year GOP
5-Year GOP
7-Year GOP
Decide whether to include the 10% Free Withdrawal Rider for a rate reduction.
Current Rate Reduction for all GOPs: 0.20%
Staysail is a multi-year guaranteed annuity which is issued by Merit Life Insurance Co. and only available in certain states. Staysail Policy Form: ICC23-FA100-0223 (subject to state variations). Policy form numbers and provisions may vary. Guarantees are backed by the claims-paying ability of the issuing company.
Knighthead Life is the brand name of Knighthead US Holdings, Inc. and its subsidiaries, Merit Life Insurance Co. (“Merit Life”) and Knighthead American Life Insurance Company (“KALIC”).
You should consider the features of Staysail carefully before purchasing. Taxes are due upon withdrawal and excess withdrawals may be subject to a surrender charge and market value adjustments. The IRS may impose a 10% penalty for withdrawals prior to age 59 ½.
Benefits of a multi-year
guaranteed annuity.
MYGAs offer a powerful way to safeguard retirement savings and earn a guaranteed rate of return no matter what the market may bring. Plus, the initial premium allocations are always fully protected from downside risk.
Principal Protection
Initial premium allocations are fully protected from downside market risk.
Tax Deferral
Interest earnings grow on a tax- deferred basis, meaning funds aren’t taxable until they’re withdrawn or annuitized.1
Fixed Rate Guarantees
Select a rate guarantee period and earn simple interest daily.
Liquidity
Select a preferred level of liquidity, ranging from none to 10% annually.
Annuitization
After the first contract year, the contract’s full Accumulated Value may be annuitized under any available income options in the Contract.
Death Benefit
The annuity’s full Accumulated Value, or said another way, the initial premium and earned interest can be passed along to a beneficiary and potentially avoid the time-consuming probate process.
1 Withdrawal of taxable amounts are subject to ordinary income tax. Withdrawals made before age 59 ½ may also be subject to a 10% federal income tax penalty. The IRS requires owners of IRAs to take a required minimum distribution (RMD) each year once the owner reaches age 72. The annual deadline for taking an RMD is December 31.
Withdrawals requested in accordance with Required Minimum Distribution (RMD) requirements will generally be free of withdrawal charges and a market value adjustment (MVA). Amounts greater than the RMD, may be subject to withdrawal charges and MVA. If the Free Withdrawal Rider is elected, RMDs may be subject to withdrawal charges and MVA if taken in excess of the free amount. Refer to the contract for details regarding withdrawals, the application of fees, MVA, and cost of the Free Withdrawal Rider.
Staysail and you.
Staysail is designed with the dependable features and benefits that make MYGAs an excellent complement to an overall retirement strategy.
For individuals.
Work with a financial professional to develop a plan that ensures a stable retirement income.
For professionals.
Help your clients earn guaranteed retirement income that puts them at the helm of their retirement.