Target Growth 10
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Highlights
Target Growth 10 is a flexible premium, tax-deferred, fixed index annuity (FIA) designed for customers looking for a strong accumulation solution that provides downside market protection. The product offers a variety of index account options so that customers are able to diversify across different index styles.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
10 Years |
|
Surrender schedule
|
10%10%10%10%10%9%8%7%6%5% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$25,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, and IRA-Roth |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
5%
Fixed
|
| 1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate |
Point to Point
Annual
|
160%
Participation
|
| 1-Year Morgan Stanley Global Opportunities PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P 500 PTP Participation Rate with Spread |
Point to Point
Annual
|
65%
Participation
2%
Spread
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
5.25%
Fixed
|
| 1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 1-Year Morgan Stanley Global Opportunities PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate |
Point to Point
Annual
|
185%
Participation
|
| 1-Year S&P 500 PTP Participation Rate with Spread |
Point to Point
Annual
|
75%
Participation
2%
Spread
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8.75%
Performance triggered
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit with Flex-Lock |
Point to Point with Volatility Limit
Annual
|
95%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with Boost and Knockout with Flex-Lock |
Point to Point with Boost and Knockout
Annual
|
180%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate with Flex-Lock |
Point to Point
Annual
|
110%
Participation
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit with Flex-Lock |
Point to Point with Volatility Limit
Annual
|
105%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with Boost and Knockout with Flex-Lock |
Point to Point with Boost and Knockout
Annual
|
195%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate with Flex-Lock |
Point to Point
Annual
|
120%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 10% | 10% | 10% | 10% | 10% | 9% | 8% | 7% | 6% | 5% |