How Long Do We Guarantee the Participation Rate? We offer a multi-year guaranteed participation rate on some index crediting options. After the initial guarantee period, the participation rate may change annually.
Participation rate guarantees:
ECI 5
ECI 7
Index Name
S&P 500 ® Index
1 year
1 year
S&P MARC 5% Excess Return Index
5 years
7 years
S&P 500 Daily Risk Control 5% Excess Return Index
5 years
7 years
S&P 500 ESG Daily Risk Control 5% Excess Return Index
5 years
7 years
Index Term and Crediting Each point-to-point index term is 12 months, and we credit your interest once at the end of the term. Your interest is based on the growth of the index from the beginning to the end of the index term. As interest is credited, the earnings are locked into the Index Interest account value. Your funds in the Index Interest account will never decrease if the market goes down. At the end of each index term, you will receive notice from us of the Index Participation Rate or Enhanced Index Participation Rate for the next index term. The new rate may be higher or lower than your initial rate. Fixed Interest Crediting Your funds in the Fixed Interest account are credited daily with the fixed interest rate. We guarantee this interest rate for one year at the time you purchase your annuity. After that, you will receive notice from us of the fixed interest crediting rate for the next year. The rate may be higher or lower than the interest rate of your initial rate guarantee period. Like the Index Interest account, any earnings from interest are locked into the account value.
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