Fixed index annuity review and rates
Retirement Chapters 10
Retirement Chapters 10 is a flexible premium, tax-deferred, fixed index annuity for retirement savers who want protection from market losses plus growth potential during their working/saving years, and income guarantees when they retire.
Available in states:
AL, AK, AZ, AR, CA, CO, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
| 1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 1-Year Momentum Asset Allocator 5.5% Volatility PTP Participation Rate |
Point to Point
Annual
|
125%
Participation
|
| 2-Year Momentum Asset Allocator 5.5% Volatility PTP Participation Rate |
Point to Point
Biennial
|
135%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
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Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
2nd+ year: 10%
Premium bonus
5%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, SEP IRA, and IRA-Roth