Surrender-Charge Period Deferred annuities are designed to be long-term retirement savings. Although all or a portion of the funds may be withdrawn at any time, withdrawals and surrenders may face a charge during each surrender-charge period. This is calculated as a percentage of the withdrawal amount. At the end of each guarantee period, new interest rate guarantee periods and surrender-charge periods automatically begin. 5 During the frst 30 days of each subsequent surrender-charge period, you may withdraw some or all of your funds without a surrender charge.
Focused Growth Annuity 3
Year in Surrender-Charge Period
1
2
3
Surrender Charge
9.4%
8.5%
7.5%
Focused Growth Annuity 5
Year in Surrender-Charge Period
1
2
3
4
5
Surrender Charge
9.4%
8.5%
7.5%
6.5%
5.5%
Focused Growth Annuity 7
Year in Surrender-Charge Period
1
2
3
4
5
6
7
Surrender Charge
9.4%
8.5%
7.5%
6.5%
5.5%
4.5%
3.5%
Focused Growth Annuity 10
Year in Surrender-Charge Period
1
2
3
4
5
6
7
8
9
10
Surrender Charge
9.4%
8.5%
7.5%
6.5%
5.5%
4.5%
3.5%
2.5%
1.5%
0.5%
Market Value Adjustment A market value adjustment applies to withdrawals or surrenders that are subject to a surrender charge. We base the adjustment on a formula that takes into account changes in the MVA Index at that time. We will waive the MVA when the surrender charge is waived. The MVA can increase or decrease the surrender value of the annuity. Generally, if interest rates have risen since the beginning of the current surrender-charge period, the MVA will decrease the surrender value. If interest rates have fallen, the MVA will generally increase the surrender value. Minimum Value Guarantee During the surrender-charge period and throughout the contract, minimum values of the annuity are guaranteed. The owner will never receive less than the minimum contract values over the life of the contract. The annuity contract surrender value is guaranteed to equal, or exceed, the contractual minimum values in the contract. The Standard applies a formula to ensure that the surrender value meets, or exceeds, these contractual minimum values — even if market value adjustments and surrender charges have been applied during the MVA period.
At all times, the owner is guaranteed to receive an annuity value that meets or exceeds minimum required values.
5
5. Subject to restrictions in Florida; contact your agent for details.
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