Interest Rates Interest Rates • Home Health Care —If you need home health care services from a licensed home health care service agency due to impairment in performing at least two of six activities of daily living (bathing, dressing, transferring, toileting, continence, and eating), you may qualify for a waiver of surrender charges. This waiver is available once the policy has been in force for one, two, or three years, depending on your state. Ask your insurance professional for qualification details. You must not have been confined = Surrender Value Interest Rates or required home health care services within one year prior to the policy date. • Terminal Illness —If, after the policy begins, you become diagnosed with a terminal illness that results in a life expectancy of 12 months or less, surrender charges may be waived on withdrawals. = Surrender Value Interest Rates Surrender Charges —If you choose to access your funds during the policy’s first 10 years, and one of the available penalty-free options doesn’t apply, surrender charges will apply to withdrawals or surrenders. The charge is a percentage of the amount accessed. Refer to the accompanying product insert for surrender charge percentages specific to your FlexMark Select product. = Surrender Value Interest Rates Market Value Adjustment —A market value adjustment (MVA) is a positive or negative adjustment made in response to market conditions. It applies anytime a surrender charge is assessed during the policy’s 10-year surrender charge period (in addition to the applicable surrender charge). An MVA does not apply when funds are accessed penalty-free; the actual MVA amount may vary by state, and an MVA may not be applicable in all states. = Surrender Value Interest Rates = Surrender Value Interest Rates = Surrender Value Interest Rates = Surrender Value Interest Rates Depending on the change in the interest rate environment since you purchased your annuity, the MVA may increase or decrease the amount of the withdrawal or surrender. The MVA is calculated based on a formula that takes into account changes in yields of Bloomberg’s US Credit Index between the date your policy was issued and the date of your withdrawal or surrender. Interest Rates = Surrender Value = Surrender Value Interest Rates = Surrender Value Interest Rates = Surrender Value Interest Rates = Surrender Value withdrawals. To qualify for the waiver, you must not have been confined within one year prior to the policy date.
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Interest Rates = Positive MVA —The MVA will increase your surrender value by no more than the remaining surrender charge if interest rates have fallen since you purchased your annuity. Surrender Value
Negative MVA —The MVA will decrease your surrender value to no less than the minimum guaranteed surrender value if interest rates have risen since you purchased your annuity.
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