Revol Life Financial At a Glance: Rates, Products and Reviews

Revol One Financial is the marketing name for Revel One Insurance Co. Founded in 1980, it is licensed in 49 states and Washington, D.C., but it is not licensed in New York. Revol One is domiciled in Michigan, with its administrative offices in Urbandale, Iowa.

It is a small company, with the National Association of Insurance Commissioners reporting a 0.0004% market share and about $9.7 million in annual premiums.

Still, Revol One maintains a steady look to the future, keeping up with industry advances to improve its services. As a technology-driven company, it has worked with Amazon Web Services to become a fully cloud-native entity.

Revol One offers three fixed annuities and two multi-year guaranteed annuities.

Revol One offers the Enduris 6 Year Fixed Index Annuity and the Enduris 10 Fixed Index Annuity. The former has a six-year term, while the latter has a 10-year term.

They also differ in their premiums. The six-year annuity has a minimum premium of $25,000 for qualified contracts and $50,000 for nonqualified contracts. There is a maximum premium of $1 million, although the company may approve higher amounts. The 10-year annuity has the same maximum premium but a lower minimum premium of $10,000.

Either way, there is a minimum credited rate of 1% annually based on either fixed interest or available S&P 500 index interest options. There is tax-deferred growth with protection against market downturns via the Best Entry feature.
Consumers can also benefit from greater growth potential through the Enhanced Participation Index Interest Options feature that kicks in when the S&P 500 Index performs positively during the option period.

With its 10-year term, the Enduris 10 Bonus Fixed Index Annuity is similar to the other fixed index annuities, working off the S&P 500 Index during periods of growth. There is both base accumulation value and bonus accumulation value, which amounts to 16% of your premium, subject to a vesting schedule. Should a consumer become terminally ill, become confined to a nursing home or die, the bonus is automatically 100% vested.

Revol One offers two multi-year guaranteed annuity products: the Excelera Multi Year Guarantee Annuity and the Excelera Plus Multi Year Guarantee Index Annuity.

The Excelera Multi Year Guarantee Annuity boasts guaranteed growth for your investment, lasting three, five or seven years. It guarantees a fixed rate, protecting against market downturns with tax-deferred growth. There is a minimum premium of $25,000 for qualified contracts and $50,000 for nonqualified contracts, while the maximum premium is $1 million (or more with company approval).

For added convenience, Revol One Financial offers the Excelera MYGA with the MYGIA rider included. This adds index interest credits based on the S&P 500. At the end of the term, the accumulation value is based on whichever is higher: the guaranteed fixed rate or the index-linked rate.

Terms of three, five and seven years are available. The minimum premium is $25,000 for qualified contracts and $50,000 for nonqualified contracts. The maximum premium is $1 million (or more with company approval).

Revol One Financial annuities come with a death benefit. It equals the accumulation value at the time of death.

There are also two riders available to accompany Revol annuities:

To help, the company offers a 30-day free look period so consumers can ensure Revol One annuities are the right fit.

Revol One Financial does not publicly disclose its fee schedule. For more information and the latest rates, contact a financial advisor to discuss retirement income strategies.

Revol One’s reviews and ratings are few and mixed. It maintains a B++ (good) rating from AM Best for financial strength, indicating that it is financially strong enough to meet its obligations.

It is not rated by Fitch Ratings.

Customer satisfaction reviews are also scarce. There is no information provided by the Better Business Bureau, and it does not place in the J.D. Power 2024 U.S. Individual Annuity Study.

It is rated by the NAIC but does not fare well. The NAIC reports only two complaints, but that is enough to give the company a 10.56 rating based on a baseline score of 1.00.

Revol One Financial is a small annuity company, but it offers multiple options so consumers can choose the right annuity for their needs. While it does not have many reviews, it has few complaints with the NAIC and a B++ (good) financial rating from AM Best.

Before choosing an annuity, talk to a financial advisor who can share the latest rates and details and provide personalized advice.

Editor Norah Layne contributed to this article.