Additional Product Features
Issue Ages: 0-85 Contract Term: 10 years Minimum Single Premium: $5,000
Maximum Single Premium: $1,000,000 (without prior approval) Maturity Age: 100 Acceptable Funds: Both non-qualified and qualified markets
Free Withdrawals
Certain life events may arise where you need to access your money sooner than you were expecting. With the Accumulation Protector Plus SM Annuity, there are several ways to access your funds if the unexpected occurs. Some annuities do not offer free early withdrawals, but in the second contract year, the Accumulation Protector Plus SM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater.
Terminal Illness and Nursing Home Waiver
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.
If you surrender your contract or request withdrawals above the free withdrawal amount, there may be surrender charges. Please discuss the surrender charge schedule with your agent. Surrender Charges
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Contract Year
10 year
10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0%
Settlement Options You may choose, after the fifth contract year or at death, when you want to start to receive annuity payments and the duration in which they are paid. The vested value and the settlement option you select will determine the payment amount.
Lifetime Income Only
Lifetime Income with Guaranteed Period Certain
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Death Benefit
Protect your loved ones with the APP’s Death Benefit feature. If you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.
* Proceeds are defined as the amount payable when: (1) the Owner takes a Withdrawal; (2) the Owner surrenders their Contract; (3) an Owner dies; or (4) the Contract matures.
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ACLAPPBR-OT 092223
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