Additional Product Information at a Glance
Shared Features
Power 10 Protector and Power 10 Protector Plus Income Index Annuities
Access to Your Money in Times of Need or Illness
Withdrawal charges and Market Value Adjustments (see below) may be waived if you are diagnosed with a terminal illness or are confined to a nursing home or an assisted living facility. Restrictions and limitations apply. May not be available in all states. Death benefit proceeds can pass directly to your designated beneficiary without probate. Your beneficiary will receive the greater of your contract value, including applicable interest, or the Minimum Withdrawal Value (see below) upon death, avoiding the potential delays and costs of probate. If you fully surrender your annuity, you will receive the greater of the contract value (adjusted for any MVA, living benefit fee and withdrawal charge) or the Minimum Withdrawal Value. After the first contract year, you can withdraw up to 10% of your contract value (based on your prior anniversary value) without incurring any company-imposed charges (see Withdrawal Charge below). Withdrawals in excess of the Free Withdrawal amount or amounts annuitized during the first 10 years are subject to an MVA. This adjustment may either increase or decrease the amount you receive, and is determined by a formula in the contract that reflects changes in the yield of an external index since the contract was issued. May not apply in all states.
Beneficiary Protection
Cash Surrender Value
Free Withdrawals
Market Value Adjustment (MVA)
Minimum Withdrawal Value Upon full surrender, payment of death benefit or annuitization, you will never receive less than 87.5% of your premium, less withdrawals (excluding any withdrawal charge and MVA), growing at an annual rate as specified in your contract. State variations apply. Premium • Initial: $25,000 minimum (qualified and non-qualified) • Subsequent: Only in the first 30 days after contract issue • Requires prior company approval if total of all contracts issued to the same owner and/or annuitant exceeds $1 million
Withdrawal Charge
Withdrawals in excess of the Free Withdrawal amount are subject to withdrawal charges that decline over 10 years, as follows: 10-9-8-7-6-5-4-3-2-1-0%
Key Differences
Power 10 Protector
Power 10 Protector Plus Income
Issue Age
18-75
50-75
Lifetime Income Choice® Guaranteed Living Benefit (GLB) Rider
Not available 3
Included as part of the contract for an annual fee of 1.10%. Please see the GLB rider brochure for details.
Please see your financial professional or agent and refer to the Owner Acknowledgment and Disclosure Statement for more information about The Power Series of Index Annuities.
3 Lifetime income is available through annuitization. Index annuities are not a direct investment in the stock market. They are long-term insurance products with guarantees backed by the claims-paying ability of the issuing insurance company. They provide the potential for interest to be credited based in part on the performance of the specified index, without the risk of loss of premium due to market downturns or fluctuations. Index annuities may not be appropriate for all individuals. 5
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