At OneAmerica, we have a program called “Most Beneficial Rate” (MBR) which simply does what it says. Here is what it does.
For the 60 days between application and premium-receive date, the rate is locked to protect against rate changes for up to 60 days. This helps protect the policy pricing from funding delays.
The MBR applies to fixed annuity contracts funded by:
- 1035, direct transfer, or direct rollover from a life insurance or annuity contract,
- direct transfer or direct rollover form a qualified annuity contract,
- direct rollover or funds from an employer plan, or
- transfer of funds from money market, mutual funds, or non-qualified investment accounts.