Questions & Answers
WHAT IS A FIXED INDEX ANNUITY? A fixed index annuity (FIA) is a contract between you and an insurance company. FIAs offer the opportunity for tax-deferred growth based in part on changes in a market index, plus the option to convert your annuity into a steady, guaranteed, lifetime income stream, all while protecting your hard-earned principal from the uncertainty of market volatility. WHAT IS A MARKET VALUE ADJUSTMENT (MVA) AND WHEN DOES IT APPLY TO ME? A MVA may be applied if you make an excess withdrawal or surrender the contract. An MVA may be positive, negative or zero depending on whether interest rates have decreased, increased or stayed the same. Events triggering an MVA include a contract surrender or excess withdrawal. An MVA will not apply to any RMDs, free withdrawals or withdrawals after the Withdrawal Charge Schedule. For more information on MVAs, please review your contract. WHAT OPTIONS DO I HAVE TO WITHDRAW MY MONEY WITHOUT PENALTIES? You have the option to take up to 10% of your Contract Value as a free withdrawal each year after the first contract anniversary. Rest assured that all required minimum distributions (RMD) withdrawn thirty days after the contract has been issued will not be subject to any penalties. Bailout: You have the option of withdrawing your Contract Value if the S&P500 ® annual point-to-point cap renewal rate falls below the stated bailout cap rate at contract issue. At the end of your surrender charge term, you could withdraw up to 100% of the Contract Value.
WealthLock SM Accumulator
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