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“I chose a product with a premium bonus because it boosts my earnings right away and is available for my beneficiaries if I die.” My Path:
Product Version You have the choice of a FlexMark Select product that will help you meet your financial goals: a product with a vesting premium bonus to help jump-start your earnings, or a no-bonus product that offers stronger interest crediting rates. Bonus A vesting premium bonus is calculated as a percentage of your premium and is placed into a separate account called the bonus account. Example: $100,000 premium X 6% bonus = $6,000 bonus The bonus applies on all premium received in Year 1. It begins earning interest immediately (also held in the bonus account). The bonus account vests into your annuity over a period of 10 years, according to a vesting schedule. Once it is fully vested, the bonus account will be added into your annuity’s accumulation value. The policy’s death benefit includes the full bonus account (vested and non-vested). If you surrender your policy or take withdrawals, the bonus account will reduce proportionately to the surrender or withdrawal amount. No Bonus By offering stronger interest crediting rates than similar bonus products, FlexMark Select no- bonus products allow your money more growth opportunity. A no-bonus product is a wise choice for people who are focused on maximizing their growth potential. Also, a no-bonus product is recommended for those who anticipate taking withdrawals, because the bonus account is reduced by withdrawals.
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To learn more about the vesting premium bonus option available to you, please refer to the accompanying product insert.
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