Premier Income Bonus features
ISSUE AGES PURCHASE PAYMENTS INTEREST STRATEGIES
40 - 85 (qualified and non-qualified)
You can purchase this annuity with an initial purchase payment of $10,000 or more. You can add to your annuity during the first two contract months with additional purchase payments of at least $2,000.
• Declared rate • S&P 500 ® 1-year point-to-point with cap
• S&P 500 Risk Control 1-year point-to-point with partcipation rate • S&P U.S. Retiree Spending 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 cap • First Trust Barclays Edge Index 1-year point-to-point with 7-year cap lock Available strategies may vary by state and by distribution.
TERM
• 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. • The First Trust Barclays Edge Index 1-Year Point-To-Point with 7-Year Cap Lock strategy has seven one-year terms. The cap is locked in for all seven one-year terms. This strategy may only be selected during the first contract year. At the end of each one-year term, the ending value of this strategy may be applied to a new term of this strategy. No other amounts may be applied. At the end of each one-year term, you may also reallocate funds held in this strategy among other available strategies. Funds held in the strategy at the end of the seventh one-year term are automatically applied to the First Trust Barclays Edge Index 1-year point-to-point with cap strategy unless you elect otherwise. • Interest, if any, is credited on the last day of each term year on all indexed strategies. Includes built-in income rider with a 6% rider bonus, 6% rollup rate and 10-year rollup period. You may take income payments at any time (if age 55 or older). An annual rider charge of 1.15% will be taken at the end of each contract year. The charge is based on your benefit base and is deducted from your account value. It will be waived once your account value reaches zero due to income payments and rider charges. If you surrender the contract or terminate the rider, a prorated rider charge will apply at that time. The rider charge may increase upon a reset, a withdrawal that is more than your annuity’s free withdrawal allowance or a required minimum distribution, or a permitted transfer of your contract before income payments begin. Before you begin taking rider income payments, if your annuity’s account value exceeds your benefit base, you can choose to reset your benefit base to the account value. You may do this on any contract anniversary. If you choose to reset these amounts, a new rollup period will begin and the rider charge may increase.
BUILT-IN RIDER
RIDER CHARGES
RIDER RESETS
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