A registered market value adjustment (MVA) annuity is a type of non-variable annuity that is a security and therefore regulated by the SEC. It is a contract between you and an insurance company that promises a return based on a fixed minimum rate of interest over a set period of time. If you withdraw or transfer money early, the insurance company adjusts the amount you have withdrawn or transferred. That adjustment is often negative and can significantly reduce the value of your annuity. It is in addition to any surrender charge that might apply.

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