Fixed index annuity review and rates
MarketTen Bonus Index
A Flexible Premium Fixed Indexed Deferred Annuity with a Premium Bonus on premiums paid in the first five years. The product contains a Fixed Rate Account that earns a traditional interest rate and offers two Index Accounts, with a 10-Year Surrender Charge Period. As an additional guarantee, the cash surrender value will never be less than premiums, less withdrawals. This rider is automatically included on all contracts at no additional charge, subject to state availability.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, 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
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 1-Year Barclays Focus 50 PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 2-Year Barclays Focus 50 PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
8.5%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
55%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.75%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 2-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Biennial
Monthly average
|
18%
Cap
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 10% | 10% | 10% | 10% | 9% | 7% | 6% | 4% | 3% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| MarketTen Bonus Income Rider | No | 1.00% annually (1.00% max) |
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
2nd+ year: 10%
Premium bonus
6%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
Qualified: $5,000
Non-Qualified: 1000000%
Non-Qualified: 1000000%
Types of funds
Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP