PROTECT MY MONEY F lexMark Select index annuities offer multiple layers of guarantees to help grow and protect your hard-earned dollars. Contractual Guarantee* —FlexMark Select provides a solid contractual guarantee to shield your funds from an economic downturn. If for any reason you decide to surrender your policy, your surrender value will never be less than the minimum guaranteed surrender value (MGSV) , which is equal to: 1. 87.50% of premium applied to the accumulation value; less 2. Partial withdrawals; plus 3. Interest credited daily at the non-forfeiture interest rate shown on the policy schedule. Interest Crediting Strategy Guarantees* —In addition to the overall contractual guarantee, FlexMark Select offers guarantees at the strategy level. The minimum declared rate for each strategy will never be lower than the guaranteed rate shown on your policy schedule. Additionally, although you could earn 0% interest in the index options for one or more index periods, your accumulation value is always protected from the market’s downside risk. ANNUITIZE MY POLICY In a process known as annuitization, you may turn your full accumulation value, which includes any vested portion of the bonus account, into an irrevocable income stream. You may annuitize your policy after five years and before the maximum maturity date shown on your policy schedule. Surrender charges do not apply upon annuitization after the fifth policy year. FlexMark Select offers several annuity options for disbursement of your annuity payments, including Life Income and Installment Payments. You have the choice to receive equal annual, semiannual, quarterly, or monthly annuity payments for the life of the annuitant or for the number of years selected (from five to 30 years). Surrender charge-free annuitizations are available after the fifth policy year. Proceeds applied under any annuity option may not be surrendered or otherwise withdrawn. LEAVE MY LEGACY In case you don’t live forever, FlexMark Select offers a reliable death benefit to help leave a legacy for your loved ones. Death benefit proceeds will be paid directly to your chosen beneficiary and are generally free from the hassles, publicity, and delays of probate. If you die prior to the policy’s maturity date (the date on which annuity payments begin), the death benefit is the greater of your accumulation value plus any bonus account or the minimum guaranteed surrender value. Your beneficiary has the option to receive the death benefit any time within five years of your date of death and may choose to receive a lump-sum payment or a series of payments under an available annuity option. If the beneficiary is your spouse, he or she may choose to continue the policy as owner. If you die after annuity benefit payments have begun, the remaining amount of the annuity benefit (if any) will continue to be paid to your beneficiary under your selected annuity option.
14
* Guarantees are based on the claims-paying ability of Ameritas Life Insurance Corp.
Made with FlippingBook - Share PDF online