PRODUCT HIGHLIGHTS
Partial Withdrawals 15
• Minimum: $250; a minimum contract value of $5,000 must remain in the contract after a partial withdrawal. • Available elections include the maximum free withdrawal amount, a specific dollar amount, a specific percentage of contract value, or the interest earned. • RMD Program is available to automatically calculate and distribute annual RMDs. • RMDs calculated under this program can be taken free of surrender charge and MVA. • Annuity payment options range from income for life to payments for a specific period. • The earliest date you can annuitize is five years after your contract is issued or the end of the initial guarantee period — whichever is sooner. (Thirteen months after issue for contracts issued in Florida.) • The later of the 95th birthday of the oldest owner, joint owner, annuitant, or joint annuitant or ten years after contract issue.
Systematic Withdrawal Program 15 and
Required Minimum Distribution (RMD) Program
Annuity Options 16
Maximum Age Income May Begin Nursing Home and Hospital Waiver
• Withdraw all or a portion of the contract value without a surrender charge or MVA, provided you are confined to a licensed nursing home or accredited hospital for at least 90 continuous days and meet all contract eligibility requirements. • The Premier Voyage Nursing Home and Hospital waiver is not currently available in California. Terminal Illness Waiver • Withdraw all or a portion of the contract value without a surrender charge or MVA if you become terminally ill and meet all contract eligibility requirements. Death Benefit 16 • Accumulation phase: Death benefit is equal to the contract value as of the date we receive both proof of death and the beneficiary’s election of a payment method. • Income phase: Death benefit is determined by the annuity option chosen.
15 Withdrawals of earnings will be subject to ordinary income tax and may be subject to an additional 10% federal income tax if taken prior to age 59½. Surrender charges and MVA may also apply to withdrawals other than free withdrawal amounts. 16 For qualified contracts, upon the death of the owner (annuitant if the contract is held as a Custodial IRA), we may shorten the remaining payment period in order to ensure that payments do not continue beyond the 10 year post-death distribution period provided under IRC section 401(a)(9), or beyond the beneficiary’s life or life expectancy for certain classes of beneficiaries, such as a spouse or an individual who is not more than 10 years younger than the decedent. 20
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