Fixed index annuity review and rates

Indexed Annuity Care

Indexed Annuity Care is a fixed indexed annuity that provides benefits for qualifying LTC expenses. With Indexed Annuity Care, you can grow your assets, protect them from downside risk and help create a barrier between yourself and the risks associated with LTC.
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, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.1% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
6% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
30% Participation
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
6.5% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
50% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9
Penalty 9% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

Name Inbuilt Fee
Long-Term Care Insurance Rider Yes None
OneAmerica Financial Partners, Inc.
Founded: 1877
A.M. Best: A+
S&P: A+
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
9 years
Return of premium
Market value adjustment
Minimum contribution
$50,000
Types of funds
Non-Qualified, IRA Rollover, 1035 Exchange, and TSP