Excelera Plus 3-Year review

For a narrow slice of buyers, yes. If you have a specific pool of money you know you will not need for three years -- no emergencies, no planned expenses, nothing -- the guaranteed floor plus a genuinely free shot at index-linked upside is a fair deal. For most other MYGA shoppers, the complete absence of any withdrawal flexibility during the term, combined with a carrier rating below what we screen for on recommended products, makes this a harder sell than a plainer 3-year MYGA from a stronger-rated carrier that at least lets you access some of your money along the way.

The main reason to buy this annuity is the combination of a guaranteed rate and a free option on the market. You lock in 4.00% for three years no matter what, and if the S&P 500 finishes meaningfully higher over that same three years, you get 40% of that gain credited instead -- at no extra premium, no separate rider fee, and no cap on the upside. It's a way to reach for more than a plain MYGA rate without ever risking the floor. The secondary reason someone buys this is the included nursing home and terminal illness waivers, which waive surrender charges and the MVA if a serious health event happens during the term -- a real, no-cost protection most plain MYGAs don't bundle in standard.

I think this is best for someone who has already set aside a separate emergency fund, doesn't anticipate any need to touch this specific money for three full years, and likes the idea of a guaranteed floor with a genuine (if modest) chance at doing better. It is not a fit for someone who wants any access to their principal along the way -- even a modest 10% annual free withdrawal, which is standard on many competing MYGAs, isn't available here until after the contract renews into a second term. It's also a tougher fit for someone who leans on carrier financial strength as a primary screen, since B++ sits a full notch below the A- threshold this site uses when recommending products.

You are not buying a fixed indexed annuity, even though the presence of an S&P 500-linked crediting option makes it look like one at first glance. This is a multi-year guarantee annuity (MYGA) at its core -- a single guaranteed fixed rate declared for the full three-year term -- with a bundled "Best Interest" feature that compares your guaranteed outcome against a one-time index-linked alternative only once, at the very end of the term. There's no annual crediting, no index gains locked in year to year, and no way for the index leg to underperform the fixed leg and hurt you -- you always get whichever number is bigger. What you're really buying is a MYGA with a free, capped-frequency call option layered on top, not an indexed annuity with a rate floor.

The core mechanic here is a "greater of" comparison that only resolves once, at the end of the 3-year term. On one side is the Guaranteed Fixed Rate Accumulation Value: your premium compounding at the declared fixed rate (currently 4.00%, guaranteed for the entire term, with no rate banding by premium size) for all three years. On the other side is the Index Linked Accumulation Value: a single term-end-point calculation that looks at where the S&P 500 started versus where it ended three years later, with no averaging and no annual lock-ins along the way, then multiplies that percentage change by a participation rate (currently 40%, guaranteed never to fall below 10% even at renewal). At the end of year three, Revol One credits you whichever of those two numbers is larger. If the index is flat or down, or simply doesn't beat the fixed alternative, you still get your 4.00% guaranteed path in full -- the index side can only help, never hurt. This "Best Interest" feature comes bundled automatically on every Excelera Plus MYGIA contract at every duration, with no separate rider fee disclosed anywhere in the brochure -- it isn't something you elect and pay extra for.

The secondary feature worth understanding is the death benefit and the included health waivers, because they're both more generous than what many MYGAs offer standard. The death benefit pays the full Accumulation Value plus any positive MVA to your beneficiaries -- surrender charges never apply, and a negative MVA never reduces what your heirs receive, only a positive one can help. On top of that, the contract includes a Nursing Home Rider and a Terminal Illness Rider at no additional charge: if you're confined to a nursing home for 90+ days or diagnosed with a terminal illness (12-month life expectancy or less), surrender charges and the MVA are waived so you or your estate can access the full value. These aren't a substitute for real long-term care insurance, but as a no-cost backstop bundled into an otherwise plain MYGA, they add real value that's easy to overlook next to the flashier index-linked feature.

This is the section to read most carefully, because liquidity is where this product asks the most of you relative to its peers. Most 3-year MYGAs on the market allow at least a modest penalty-free withdrawal -- commonly 10% of account value per year -- starting from day one. Excelera Plus 3-Year does not. During the entire initial 3-year guarantee period, there is no penalty-free partial withdrawal available at all. The only carve-out is IRS Required Minimum Distributions, which can always be taken without triggering a surrender charge or MVA. Everything else you pull out during the term is subject to the full surrender schedule below plus a market value adjustment that can move against you if rates have risen since issue.

A 30-day penalty-free full-surrender window opens at the end of the 3-year term. If you don't act in that window, the contract automatically renews for a second term at newly declared rates -- and only then does a 10% annual free-withdrawal allowance kick in. No further renewals are permitted after that second term. So the honest way to frame this product is: it's a true 3-year lockup, full stop, with a one-time exit window at the end and a bit more breathing room only if you choose to stay in for a second term. Anyone who thinks there's a decent chance they'll need even a partial withdrawal in the next three years -- for anything other than an RMD -- should look elsewhere.

There's no explicit fee to point to here -- no mortality and expense charge, no product fee, no administration charge, and no separate cost for the Best Interest indexed alternative or the nursing home/terminal illness waivers. All of that comes bundled standard. So the real cost of this product isn't a line-item fee; it's the liquidity tradeoff described above, plus a rate snapshot that's already about eight months old (dated 11/11/2025) by the time this review was written, and a carrier rating that sits below our A- recommendation floor. Worth noting too: taking any withdrawal or partial surrender other than an RMD during the term doesn't just cost you a surrender charge -- it also voids the Best Interest Crediting feature for that term entirely, dropping you back to the plain fixed-rate accumulation with no shot at the index alternative. And ARW currently lists two separate product codes for this 3-year duration, which most likely reflects state-filing or MVA variants rather than two different published rates -- Revol One's own materials show a single flat rate and participation tier with no banding.

Legal Entity: Revol One Insurance Company

A.M. Best Rating: B++ (Good); Long-Term Issuer Credit Rating bbb (Good); Outlook Stable (as of 3/27/2024)