Secure your future with Banyan.

A fixed contingent deferred annuity from Merit.

Embrace longevity and abundance. 

The Banyan tree is known for its prominent roots and encompassing branches. It symbolizes longevity and abundance, making Banyan a fitting name for our focused and powerful CDA that offers a transparent path to consistent retirement income.

Guaranteed 5% annual distributions.1

Maintain access
to funds.2

55 basis points.

1 Mentions of guaranteed income are subject to compliance with the terms and conditions of your contract.

2 Subject to the terms and conditions of your contract.

Contingent deferred annuity — what’s that?

Contingent deferred annuities, also called CDAs, secure your retirement with a reliable income stream that lasts a lifetime. This kind of annuity offers flexibility, control, and protection so you can always access your money and capitalize on market returns.


Your money is always within your reach.2


We make it easy to add Banyan to your existing portfolio.


Your income stream stays consistent no matter the market condition.

2 Subject to the terms and conditions of your contract.

Banyan at work.

A hypothetical example.

Picture this: you turn 60 and ask about securing a guaranteed retirement income strategy. With the help of your financial advisor, you add Banyan to your $300,000 account.

In seven years, you begin taking your 5% annual distributions. In the time since your issue date, your account balance has increased from $300,000 to $350,000. Since the value of your account at exercise date is greater than it was when you first added Banyan, you lock-in the income base of $350,000. Congrats!

In the next 25 years, you’re busy enjoying your retirement. Maybe you travel, spend time with loved ones, and try the things you never had time to do before. All the while, you’re collecting 5% annual distributions— in your case, $17,500 a year— from your account.

Over the years your account balance reduces to zero, but it doesn’t matter— whether you live for another 10 years or another 20, Banyan’s distributions continue for a lifetime. It’s peace of mind you can’t outlive.

An initial investment of $350,000 x 5% annual distributions = $17,500 distributions for life.

Issue Date


Your client adds Banyan to $300,000 of their overall retirement assets, locking in their income base.



During the next seven years, through market ups and downs, the account balance grows to $350,000.

Exercise Date / Distributions


Your client locks in the new income base of $350,000 and begins taking 5% annual distributions ($17,500 per year) until their account value reaches zero.

Covered Event


Banyan’s distributions continue for a lifetime. Your client continues to receive the same annual distributions until death.

Banyan is a fixed contingent deferred annuity which is issued by Merit Life Insurance Co. and only available in certain states. Banyan Policy Form: CDA-CON101 (subject to state variations). Policy form numbers and provisions may vary. Guarantees are backed by the claims-paying ability of the issuing company. Banyan has no cash value, surrender value, or death benefit.

You should consider the features of Banyan carefully before purchasing. This and other important information is contained in the prospectus. You should read the prospectus carefully before purchasing.

Banyan is available through wealth management firms that have entered into operating agreements with Merit. The prospectus outlines criteria for acceptable wealth management firm portfolios that are acceptable for Merit. Your Banyan contract may be continued if your accounts are moved to another Merit contracted wealth management firm. For a list of approved firms, please contact 833.637.4854. Please note Banyan may be terminated for breach of the wealth management firm’s portfolio investment guidelines and/or if Merit’s operating agreement with a wealth management firm is terminated.

Banyan and you.

Designed as an essential component of a powerful retirement income strategy, Banyan guarantees a stable income floor that supports your ideal retirement.

For individuals.

Design your dream retirement. Secure it with Banyan.

Work with a financial professional to develop a plan that protects a portion of your retirement income.

For professionals.

Empower your clients with the support of Banyan.

Help your clients build an income floor that carries them through retirement.

Looking forward starts now.