Revol One Financial
Founded in 1980, Revol One Financial, now owned by Axar Capital, offers a range of annuity products including MYGAs, fixed-index annuities, and MYGIAs. With over 40 years of experience, the company focuses on providing secure and reliable financial solutions. Headquartered in Urbandale, Iowa, Revol One is licensed to offer annuities in 49 states and D.C.
Pros
- Competitive rates on MYGAs and fixed-index annuities.
- Flexible withdrawal options, including 10% annual access without surrender charges.
- Backed by Axar Capital, ensuring strong investment strategies.
Cons
- Limited availability in some states, including New York and Maryland.
- Small market share and limited annual premiums.
- Annuity options may lack flexibility compared to larger providers.
Revol One Financial, originally founded as Revol One Insurance Company in 1980, has become a prominent player in the annuity market. Headquartered in Urbandale, Iowa, the company is licensed to offer annuities in 49 states and D.C., providing a range of products aimed at helping individuals secure their financial futures.
In 2022, Revol One Financial was acquired by Axar Capital, a private equity firm that provides financial backing and directs the company’s investment strategies. This acquisition has helped strengthen the company’s financial position and allowed it to expand its portfolio of products, which now includes multi-year guaranteed annuities (MYGAs), fixed-index annuities and multi-year guaranteed index annuities (MYGIAs).
With over four decades in the industry, Revol One Financial continues to evolve, focusing on providing diverse, secure and reliable annuity options to meet the needs of today’s investors.
Products Offered by Revol One Financial
Revol One’s annuity lineup includes multi-year guaranteed annuities (MYGAs), a multi-year guarantee index annuity (MYGIA) and fixed index annuities.
Excelera Multi-Year Guarantee Annuity (MYGA)
Multi-year guaranteed annuities, or MYGAs, are contracts between you and an insurance company. Under this contract, you pay a premium in exchange for a guaranteed fixed interest rate on your contribution for a specified term.
In other words, this enables you to invest a lump sum that earns interest over the agreed period. However, withdrawing funds before the end of the term may trigger surrender charges.
Revol’s Excelera MYGA offers guarantee periods of three, five and seven years. Its minimums are $25,000 for qualified contracts and $50,000 for non-qualified contracts. You won’t pay surrender charges on the first 10% of your accumulated value you withdraw each year if you renew your policy the following year. The Excelera MYGA is available in every state except New York.
This product also allows you to access IRS required minimum distribution (RMDs) without a surrender charge.
Excelera Multi-Year Guarantee Annuity (MYGA) Rates
- Three-year: 4.70%
- Five-year: 4.85%
- Seven-year: 5.00%
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Excelera Plus Multi-Year Guarantee Index Annuity (MYGIA)
Excelera annuities provide guaranteed fixed interest rates along with the potential for increased returns by tracking the S&P 500 index. Revol One calculates your annual return based on the higher of either the guaranteed return or the index performance.
The Excelera Plus MYGIA requires minimum premiums of $25,000 for qualified contracts and $50,000 for non-qualified contracts. It offers guarantee periods of three, five and seven years, with tax-deferred growth and protection of your principal from market fluctuations.
Similar to the Excelera MYGA, you can withdraw up to 10% of your annuity’s accumulated value each year without incurring surrender charges, provided you renew the annuity for a second term.
This product also permits penalty-free withdrawals for IRS-required minimum distributions (RMDs).
Excelera Plus is available in all states except Maryland, Montana, New York and Virginia.
Excelera Plus Multi-Year Guarantee Index Annuity (MYGIA) Rates
- Three-year: 4.70%
- Five-year: 4.85%
- Seven-year: 5.00%
- Three-year: 4.00% (guaranteed participation rate 50%)
- Five-year: 4.00% (guaranteed participation rate 60%)
- Seven-year: 4.00% (guaranteed participation rate 70%)
Enduris Fixed Index Annuity (FIA) Line
A fixed index annuity generates interest through fixed and variable annuities. It offers a minimum guaranteed interest rate and a credited growth tied to a broad stock market index, such as the S&P 500 or the Dow Jones Industrial Average.
If you renew your contract for a second term, you can withdraw up to 10% of your annuities accumulation value without paying a partial surrender charge.
Also, you can take IRS required minimum distribution (RMDs) without a surrender charge.
Revol One’s fixed annuities come in three different options: Enduris 6, Enduris 10 and Enduris 10 Bonus.
Enduris Fixed-Index Annuities
| Enduris 6 | Enduris 10 | Enduris 10 Bonus | |
| Term | Six years | 10 years | 10 years |
| Minimum premium for qualified contracts | $25,000 | $10,000 | $10,000 |
| Minimum premium for non-qualified contracts | $50,000 | $10,000 | $10,000 |
| Annual fixed interest rate | 4.25% | 4.25% | 2.75% |
| # of options for indexed interest | Six | Six | Six, and includes a bonus equal to 16% of your annuity’s accumulated value each year |
| State availability | All states and D.C., except New York | All states and D.C., except New York | All states and D.C., except New York |
Financial Strength and Credit Ratings
According to AM Best’s Rating Review, Revol One Insurance Company (Revol One Financial) currently holds a B++ (Good) Financial Strength Rating and a bbb (Good) Long-Term Issuer Credit Rating. The outlook assigned to these credit ratings is stable.
Revol One is a relatively small company, with the National Association of Insurance Commissioners (NAIC) reporting a market share of just 0.0004% and approximately $9.7 million in annual premiums.
Despite its size, the company remains focused on long-term growth and staying at the forefront of industry innovations. As a technology-driven organization, Revol One has partnered with Amazon Web Services (AWS) to fully transition into a cloud-native business, enhancing its services and capabilities.
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Is Revol One Right for You?
Revol One Financial could be an excellent choice if you’re looking for a stable annuity product with competitive rates and strong investment strategies backed by Axar Capital. The company offers a variety of annuity products, including fixed-index and multi-year guaranteed annuities, with flexible terms and growth potential tied to market indexes like the S&P 500.
Some key factors to consider when evaluating Revol One as a viable option include:
- Competitive rates on multi-year guaranteed annuities (MYGAs) and fixed-index annuities.
- Flexible withdrawal options, including access to up to 10% of your annuity’s accumulated value without surrender charges.
- The opportunity for higher returns through the Excelera Plus MYGA and Enduris fixed-index annuities.
- Backing by Axar Capital, ensuring strong investment strategies and company stability.
- Limited availability in some states, including New York, Maryland, Montana and Virginia—verify eligibility based on your location.
If you prioritize a diverse selection of annuity products with strong growth potential and favorable withdrawal options, Revol One may be a good fit. However, if you’re looking for more flexible or diverse annuity options or are located in states where Revol One is not available, you may need to explore alternatives.
Frequently Asked Questions About Revol One
Revol One offers multi-year guaranteed annuities (MYGAs), multi-year guaranteed index annuities (MYGIAs) and fixed index annuities, with various terms and growth options.
You can withdraw up to 10% of your accumulated value each year without surrender charges if you renew for a second term, plus penalty-free withdrawals for IRS-required minimum distributions (RMDs).
Revol One holds a B++ (Good) rating for financial strength and a stable outlook, backed by Axar Capital for solid investment strategies.
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Editor Norah Layne contributed to this article.
