10 | TopRidge Bonus Annuity
Surrender Charge — if you surrender your contract or take withdrawals that are greater than the total Free Withdrawal Amount during the Surrender Charge Period (the first 10 years for contracts issued in all states except CA, and nine years for contracts issued in CA), a Surrender Charge will apply. Surrender Charges will also apply if you annuitize during the Surrender Charge Period and to the death benefit paid upon the death of an Owner who is not the spouse of the Annuitant. About the Surrender Charge, Bonus Recapture, and Market Value Adjustment
Years
1
2
3
4
5
6
7
8
9
10 11+
All states except those listed below AK, CT, DE, ID, IN, MA, MD, MN,MO, NH, NJ, NV, OH, OK, OR, PA, SC, TX, UT, VA, and WA
12% 12% 11% 11% 10% 9% 8% 7% 6% 4% 0%
9.0% 8.1% 7.2% 6.3% 5.4% 4.5% 3.6% 2.7% 1.8% 0.9% 0%
CA
8.1% 7.2% 6.3% 5.4% 4.5% 3.6% 2.7% 1.8% 0.9% 0% 0%
FL
10% 10% 10% 10% 10% 9% 8% 7% 6% 4% 0%
Bonus Recapture — in general, if you surrender your contract or take withdrawals in excess of the total Free Withdrawal Amount during the Surrender Charge Period, a Bonus Recapture will apply. The Bonus Recapture varies by state.
Years
1
2
3
4
5
6
7
8
9
10 11+
All states except those listed below AK, CT, DE, ID, IN, MA, MD, MN,MO, NH, NJ, NV, OH, OK, OR, PA, SC, TX, UT, VA, and WA
100% 100% 100% 100% 100% 100% 80% 60% 40% 20% 0%
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%
CA
90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0%
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