Strategy Indexed Annuity (ASIA) PLUS 7 NY
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Highlights
Strategy Indexed Annuity PLUS 7 is a single premium indexed deferred annuity that provides several different interests crediting strategies and participation rates, including fixed and indexed options. This offers a diverse crediting strategy to achieve your client’s goals; all while protecting them from negative economic conditions.
Available in states:
NY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
7 Years |
|
Surrender schedule
|
7%6%5%4%3%2%1% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
Qualified: $5,000 Non-Qualified: $10,000 |
|
Types of funds
|
Non-Qualified, 401k, IRA, Spousal IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, Inherited IRA, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
5.1%
Cap
|
| 1-Year S&P 500 PTP Cap with 100% Participation Rate |
Point to Point
Annual
|
100%
Participation
4.8%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.4%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3.25%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 7% | 6% | 5% | 4% | 3% | 2% | 1% |