IndexMax ADV 7
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Highlights
The IndexMax ADV 7 is a single premium deferred fixed index annuity. An annuity is a long-term contract issued by an insurance company. In exchange for a premium payment, the insurance company agrees to make payments to you later on. This annuity provides an accumulation value that may earn interest through a fixed account and an index account (if selected). While the fixed account earns a fixed rate of interest each year, index accounts earn interest credits based in part on how an underlying index performs. Interest credits are guaranteed to never be less than zero. This annuity also provides several options for accessing funds.
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
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
7 Years |
|
Surrender schedule
|
6%6%5%4%3%3%2% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$50,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, and 1035 Exchange |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 7-Year Fidelity Multi Factor Yield 5% ER Annual Performance Credit with Participation Rate |
Term Participation & Annual Performance
7-Year
|
100%
Participation
7%
Performance triggered
|
| 7-Year S&P 500 LV DRC 5% Annual Performance Credit with Participation Rate |
Term Participation & Annual Performance
7-Year
|
100%
Participation
7%
Performance triggered
|
| 7-Year BlackRock ESG US 5% ER Annual Performance Credit with Participation Rate |
Term Participation & Annual Performance
7-Year
|
100%
Participation
7%
Performance triggered
|
| 7-Year Fixed Account |
Fixed
|
5.4%
Fixed
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 6% | 6% | 5% | 4% | 3% | 3% | 2% |