Protect and grow with Rowan.

A multi-year guaranteed annuity with added flexibility.

Where flexibility meets protection.

Multi-year guaranteed annuities (MYGAs) are an excellent complement to an overall retirement strategy. Rowan, a MYGA from Merit, helps safeguard retirement savings and earn a guaranteed rate of return no matter the market.

With the choice between using either the Guaranteed Option Account (GOA) or the Flexible Option Account (Aggregator Account), Rowan provides additional flexibility to help policyholders reach their retirement goals.

Download the Rowan Guide

How Rowan works.

Rowan is a multi-year guaranteed annuity with added flexibility. You can elect to use either the Guaranteed Option Account (GOA) or the Flexible Option Account (Aggregator Account). The initial premium may not be split between the two.

STEP 1

GOA Allocation (Single Allocation)

Determine the initial premium amount.

Minimum Premium: $50,000
Maximum Premium: $2,000,000

STEP 2

Select the Guaranteed Option Period (GOP) and fixed rate of simple interest.

3-Year GOP
5-Year GOP
7-Year GOP

STEP 3

Decide whether to include the 10% Free Withdrawal Rider for a rate reduction.

Current Rate Reduction for all GOPs: 0.20%

STEP 1

Aggregator Account

Determine the initial premium amount.
Minimum Premium: $50,000
Maximum Premium: $2,000,000

STEP 2

Add additional premium deposits at any time or combine multiple sources of funds.

A fixed rate of simple interest is credited daily based on the aggregate amount of premium.

The fixed rate guarantee is determined monthly.

The Aggregator Account is fully liquid because there are no surrender charges.

STEP 3

Initiate transfer from the Aggregator Account to the GOA at any time.

Rowan is a multi-year guaranteed annuity which is issued by Merit Life Insurance Co. and only available in certain states. Rowan 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.

You should consider the features of Rowan 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.¹

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 from the annuity.²

Fixed Rate Guarantees

Select a rate guarantee period based on your unique financial situation and earn simple interest daily.

Liquidity

Select a preferred level of liquidity, ranging from none to a fully liquid option.

Income

After the first Contract Year, there is the option to elect to convert the Accumulated Value to an income stream that’s guaranteed to last a lifetime.

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 From downside risk.

² 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.

Rowan and you.

Rowan is designed with the flexible 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 a fixed amount of time.

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For professionals.

Help your clients earn guaranteed retirement income that helps them live the life they want.