Fixed index annuity review and rates
FutureMark 10 LT
Guaranteed Minimum Value 1% on 100% of the premium, less prior gross withdrawals, less surrender charges. Industry-leading minimum guarantee of 1% on 100% premium. Available on surrender, death, or annuitization, less any withdrawals, surrender charges, and applicable premium tax. Rate on contracts issued in 2020.
The Optimizer Fee (Administrative Fee) is deducted from the Accumulation Value at the end of each contract year, including the first. The fee percentage, currently 1% is set for the life of the contract. The fee percentage is multiplied by the contract's Accumulation Value at the end of each contract year, and the result is deducted from the Accumulation Value.
The Optimizer Fee (Administrative Fee) is deducted from the Accumulation Value at the end of each contract year, including the first. The fee percentage, currently 1% is set for the life of the contract. The fee percentage is multiplied by the contract's Accumulation Value at the end of each contract year, and the result is deducted from the Accumulation Value.
Available in states:
AK, CA, CT, DE, FL, NV, NH, NJ, OH, OK, OR, SC, TX, UT, and WA
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 5-Year SG Columbia Adaptive Risk Allocation FUSION Participation Rate with Fixed rate on Gain |
FUSION
5-Year
|
311%
Participation
1%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4.15%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.85%
Cap
|
| 2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate |
Point to Point
Biennial
|
233%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
49%
Participation
|
| 1-Year Morgan Stanley TEBI PTP Participation Rate |
Point to Point
Annual
|
135%
Participation
|
| 1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate |
Point to Point
Annual
|
169%
Participation
|
| 2-Year Morgan Stanley TEBI PTP Participation Rate |
Point to Point
Biennial
|
185%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| BeneBooster Option 1 (Age 0-75) | Yes | None |
| BeneBooster Option 2 (Age 76-85) | Yes | None |
| Optimizer Fee | Yes | 1.00% annually |
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
2nd+ year: 10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, 401k, IRA, IRA Rollover, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA