Summit Focus 3

The Summit Focus 3 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 various index accounts (if selected). While the fixed account earns a fixed rate of interest, index accounts earn interest credits based 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.
What makes the Summit Focus 3 unique?
Crediting rates are determined at issue and don’t change over the three-year term because of three-year, point-to-point crediting. Most traditional FIAs only guarantee crediting rates for the first contract year, then renewal rates are set each year after that. Renewal rates may be lower than first-year rates, so guaranteeing rates for three years eliminates some uncertainty and could help boost your growth potential.