Fixed annuity review and rates
FlexPlus 5
The FlexPlus 5 Annuity is a Flexible Premium Deferred Annuity that features a competitive interest rate. Beginning on the first day of the second year, the annuity will earn a portfolio interest rate, which may go up or down, but will never be less than the contract's minimum guaranteed rate. There are no up-front sales charges or annual fees; 100% of your clients' money is working for them.
PENALTY-FREE WITHDRAWAL
PENALTY-FREE WITHDRAWAL
- 100% of Accumulated Interest or 10% of Year End Accumulation Value after 1st Contract Year
- Minimum interest payment—$200
Commission Charge-back
Free Look Cancellation - Surrender Within 6 months of Issue - 100% for death within 6 months of Issue – 50% for death within 7-12 months of issue
Rate Hold Policy
45 Days from date of interest Rate Change
Free Look Cancellation - Surrender Within 6 months of Issue - 100% for death within 6 months of Issue – 50% for death within 7-12 months of issue
Rate Hold Policy
45 Days from date of interest Rate Change
Interest Rates
| Guaranteed Years | Surrender Years | Guaranteed Yield | Current Yield |
|---|---|---|---|
| 1 | 5 | 1.4% | 3% |
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
2nd+ year: 10%
Types of funds
Non-Qualified, IRA, and IRA-Roth