MYGA Case Study | Hypothetical Client

An elderly woman with short white hair, wearing sunglasses and a yellow jacket, smiling happily.

This is Patricia.

Patricia is a 64-year-old widow with two adult children who are both financially independent. She has no mortgage and a moderate stock and bond portfolio of around $350,000.

Patricia plans to retire in three years. She values stability and predictability, but she wants to pursue some growth so she can delay accepting Social Security. She hopes to leave a modest legacy for her children.

Disclaimer: This case study is fictional and provided for storytelling and branding purposes only. It is not financial advice. Actual product terms, rates, and features vary by contract and by state — always consult Ability Insurance and a licensed financial professional for real recommendations.

Patricia’s Retirement Investment Goals

  • A circular award badge with a gold center and navy blue border, displaying the number one.

    Preserve principal accumulated from savings and rollover distributions.

  • Number 2 inside a circle on a beige background with a dark blue border.

    Guarantee dependable returns that are insulated from market fluctuations.

  • A circular graphic with the number 3 in the center, featuring a beige background and dark blue border.

    Delay claiming Social Security until age 70 to maximize her payout benefits.

  • Number 4 inside a circular badge with a beige background and a blue border.

    Maintain some liquidity for unexpected life turns like medical or family expenses.

Patricia’s plan of attack.

  • Step 1: Patricia chose an appropriate contribution amount

    Patricia’s financial advisor recommended moving a portion of her conservative assets into a fixed annuity rather than selling equities right before retirement. They targeted roughly $150,000 for a guaranteed-income investment while leaving the rest of her portfolio invested for growth and flexibility.

  • Step 2: She determined the right length for her contract

    To balance liquidity and yield, Patricia considered laddering annuity terms, but ultimately chose a 5-year plan option to coincide with her retirement date and Social Security strategy.

  • Step 3: She coordinated with Social Security

    Because her ReliAbility™ MYGA provides a guaranteed return for a defined period, Patricia felt comfortable delaying Social Security until age 70 to increase lifetime benefits.

  • Step 4: Patricia set up annual reviews

    Patricia scheduled a yearly check-in to reevaluate liquidity needs and decide if she wants to reinvest proceeds when her contract matures.

Patricia’s Reliability MYGA

  • $150,000

    Contribution

  • 5-year

    Guaranteed term

  • 6.25%

    Annual Percentage Yield¹

Optional Riders² for Greater Flexibility

  • 10%

    Free Withdrawal Rider

  • Accumulated Interest

    Withdrawal Rider

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The word 'reliability' written in lowercase letters with 'reli' in tan and 'ability' in blue.

Want to learn more about our ReliAbility™ MYGA?

Product Details

¹ Illustrative example only. Assumes a 6.25% APY consistent with Ability's 5-year MYGA for contributions of at least $100,000 (as of July 28, 2026). Estimated value at maturity assumes interest remains on deposit for the full guarantee period. Actual rates and values may vary based on issue date, state of residence, contribution size, rider selection, among other factors.

² Riders may only be selected at issue and will reduce the interest rate. Owner may not select both the Accumulated Interest Withdrawal Rider and the 10% Free Withdrawal Rider.

ReliAbility MYGA is an individual single premium deferred annuity underwritten by Ability Insurance Company and issued under form number series ICC25-MYGA-0001, ICC25-MYGA-0001S, ICC25-MYGA-R-EDBR, ICC25-MYGA-Roth, ICC25-MYGA-IRA, ICC25-MYGA-R-FWRP, and ICC25-MYGA-R-FWREI. Form numbers may vary by state. Product and rider provisions, availability, definitions, and benefits may vary by state. Earnings and pre-tax payments are subject to income tax at withdrawal. Withdrawals may be subject to charges. Withdrawals from an annuity are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty. Annuity products are not bank products, are not a deposit, are not insured by the FDIC, nor any other federal entity, have no bank guarantee, and may lose value. Neither Ability Insurance Company nor its agents offer tax or legal advice. For specific tax or legal information, a tax or legal advisor should be consulted. Hypothetical examples are for information only and not indicative of past or future results. Please consult your Ability annuity contract for the actual terms and conditions that apply, including the definitions, limitations and exclusions, and charges. All guarantees, including any optional benefits, are subject to the financial strength and claims-paying ability of Ability Insurance Company.