Choice Accumulation II Edge 7
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The Choice Accumulation II Edge 7 is a single premium fixed index annuity that offers both upside opportunity and downside market protection. The Enhanced Accumulation Strategy (EAS) offers a Guaranteed Participation Rate during the Withdrawal Charge Period.
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 Janus SG Global Trends PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
135%
Participation
|
| 1-Year Morgan Stanley Inflation Aware PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
95%
Participation
|
| 1-Year Franklin US PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
85%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3.9%
Fixed
|
| 2-Year Franklin US PTP Spread |
Point to Point
Biennial
|
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year Janus SG Global Trends PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
140%
Participation
|
| 1-Year Morgan Stanley Inflation Aware PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
100%
Participation
|
| 1-Year Franklin US PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
90%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 2-Year Franklin US PTP Spread |
Point to Point
Biennial
|
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Optional Enhanced Death Benefit | No | 0.50% annually |