Oceanview Harbourview Annuity Alert - Interest Rate Reduction Notice

Oceanview Harbourview Annuity Alert – Interest Rate Reduction Notice

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Oceanview Harbourview Annuity Alert - Interest Rate Reduction Notice

July 20, 2020

Oceanview Harbourview Annuity Alert – Interest Rate Reduction Notice

Effective Tuesday, July 28th, 2020, Oceanview Life and Annuity Company will be reducing the rates on our 3-year MYGA and 5-year MYGA products.

  • · The new rate for the 3-year MYGA will be reduced to 2.50%
  • · The new rate for the 5-Year MYGA will be reduced to 3.10%
  • · The 7-year and 10-year MYGA rates will remain unchanged at 3.25%
  • · *Commissions will remain the same on all four duration types.

Current rates will be applicable to all policy applications signed on or before Monday, July 27th, 2020, provided the applications are received by July 31st, 2020 to our New Business office in Grimes, IA.

Overnight Mail :

OCEANVIEW LIFE AND ANNUITY

1851 SE Miehe Drive

Grimes, IA 50111

or Fax to 1-888-417-3702

Rate Lock Policy: Provided the application is signed and received according to previously stated guidelines, we will allow 60 days from the sign date of the application to receive the funds

Access the upcoming rates here: OVLAC AGENT Rate Sheet Update 07.20.20