Market Protector 7
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Highlights
The MarketProtector Suite of fixed index annuities offers index options for limited growth potential as well as multiple crediting methods to choose from that can lock in that growth. You may select one or a combination of these methods, and change selections and allocations penalty-free at the end of each Indexed Option Year.
Withdrawal Charges
If you take a full or partial withdrawal exceeding contract limits prior to the end of your Indexed Option Period, it may be subject to withdrawal charges and MVA. Withdrawal charges are based on years since the contract issue and will not apply after the expiration of the Indexed Option Period. Please view the back of the Indexed Option Period Inserts for specific withdrawal charge schedules.
Maximum Maturity Age
Qualified plans may require an earlier distribution. The Maturity Date under this contract is the owner’s age 95, which is the required age to annuitize or take a lump sum.
Withdrawal Charges
If you take a full or partial withdrawal exceeding contract limits prior to the end of your Indexed Option Period, it may be subject to withdrawal charges and MVA. Withdrawal charges are based on years since the contract issue and will not apply after the expiration of the Indexed Option Period. Please view the back of the Indexed Option Period Inserts for specific withdrawal charge schedules.
Maximum Maturity Age
Qualified plans may require an earlier distribution. The Maturity Date under this contract is the owner’s age 95, which is the required age to annuitize or take a lump sum.
Available in states:
AL, AK, AZ, AR, 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, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
7 Years |
|
Surrender schedule
|
9%8.25%7.25%6.5%5.5%4.5%3.75% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$25,000 |
|
Types of funds
|
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.75%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
8.9%
Cap
|
| 1-Year MSCI EAFE PTP Participation Rate with Spread |
Point to Point
Annual
|
66%
Participation
2%
Spread
|
| 1-Year S&P 500 PTP Participation Rate with Spread |
Point to Point
Annual
|
59%
Participation
2%
Spread
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
5.35%
Performance triggered
|
| 1-Year MSCI EAFE Performance Triggered |
Performance Triggered
Annual
|
7.05%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4.05%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
9.95%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Spread |
Point to Point
Annual
|
64%
Participation
2%
Spread
|
| 1-Year MSCI EAFE PTP Participation Rate with Spread |
Point to Point
Annual
|
72%
Participation
2%
Spread
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
6.15%
Performance triggered
|
| 1-Year MSCI EAFE Performance Triggered |
Performance Triggered
Annual
|
7.9%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 7% | 6% | 5% | 4% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Income Accelerator LIB Rider Joint | No | 1.25% annually (2.50% max) |
| Income Accelerator LIB Rider Single | No | 1.10% annually (1.30% max) |