Safe Return features
ISSUE AGES
Qualified: 0–85
Inherited IRA: 0–75
Non-qualified: 0–85
Inherited non-qualified: 0–75
Issue ages may vary by state.
PURCHASE PAYMENTS
You can purchase this annuity with an initial purchase payment of $25,000 or more. You can add to your annuity during the first two contract months with additional purchase payments of at least $2,000 for qualified contracts or $5,000 for non-qualified contracts. If the unexpected occurs, you can surrender your annuity and receive your purchase payments, less the sum of prior net withdrawals and applicable rider charges.
RETURN OF PREMIUM
FEES
There are no upfront charges. All your money goes to work for you.
INTEREST STRATEGIES
• Declared rate • S&P 500 ® 1-year point-to-point with cap • S&P 500 Risk Control 1-year point-to-point with participation rate • iShares U.S. Real Estate 1-year point-to-point with cap • First Trust Barclays Edge Index 1-year point-to-point with participation rate Available strategies may vary by state and by distribution. • A term is the period over which interest is calculated for an indexed strategy. Indexed strategies available on this product offer one-year terms. You may reallocate funds among available strategies at the end of each one-year term. • Interest, if any, is credited on the last day of a term on all indexed strategies. We will waive any early withdrawal charges on funds you withdraw from an indexed strategy at the end of a term if the renewal cap or participation rate for that strategy falls below its bailout rate. If the bailout feature is triggered, we will send you a letter and give you 30 days to withdraw the money from that strategy without incurring an early withdrawal charge. During the first contract year, you may withdraw up to 10% of your purchase payments. After the first contract year, 10% of the account value on the most recent contract anniversary may be withdrawn. Amounts withdrawn in excess of the penalty-free withdrawal allowance may be subject to early withdrawal charges.
TERM
BAILOUT FEATURE
PENALTY-FREE WITHDRAWALS
10
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