IMPORTANT FEATURES THAT OFFER PEACE OF MIND Account transfers
On each contract anniversary, you may transfer money among the various accounts offered in your contract. Transfers out of a two-year account are allowed only at the end of each two-year period. Allocation of additional premiums At any time, you can request a change to your premium allocations. These updates take effect on the following contract anniversary, and apply only to any additional contributions during the current contract year. Free withdrawals You may withdraw up to 10% of the Accumulation Value each year after the first contract year without paying any charges. 2 Lump-sum payment option Your contract’s cash surrender value is available as a lump sum at any time. Surrender charges are in effect during the first seven contract years, are a percentage of the Accumulation Value, and decline annually: 9, 8, 7, 6.5, 5.5, 4.5 and 3.5%. 5 In addition, early surrenders or withdrawals over 10% may be subject to a Market Value Adjustment 6 (MVA). At the end of the surrender charge period, your cash surrender value will equal the full Accumulation Value. The value of tax deferral Currently, all interest income earned on an annuity accumulates on a tax-deferred basis. You won’t need to pay income taxes on your annuity until you receive a payment from your contract. If you’re under age 59 ½ at the time of withdrawal, there may be an additional 10% IRS penalty. 7
6 | MARKETSEVEN INDEX® ANNUITY
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