- Low contract minimum of $10, 000
- Lower surrender charges than usual
- No surrender charges at death
- No market value adjustment (MVA) fees
- You can make additional premium payments of any value at any frequency, additional payments will be immediately credited to the fixed value.
- 2 Optional Lifetime Income Benefit Riders available
- Add WellBeing benefit for only additional 0.1%
- Guaranteed minimum interest rate of at least 1% annually
- Confinement and terminal illness waiver for clients under 75 at issue
- Option of fixed interest rate is available.
- Systematic withdrawal of interest from fixed interest account is permitted as quickly as 30 days after the contract is issued.
- Caps and participation rates are subject to change by the end of each term period.
- With nursing home or hospital confinement waiver the surrender charges are waved on 100% of the principle withdrawal only after the end of 3d year of the contract, during the 2d and 3d year only withdrawal of 20% of is penalty-free.
- Terminal illness waiver of surrender charges is in effect only after the end of the first contract year
- Lifetime Income Benefit Riders have and annual rider fees of 0.9%-1%
- You may be subject to a 10% federal penalty if you surrender this annuity before the age of 59½