Premier Foundation Plus (High Premium)
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Highlights
A Premier Foundation Plus Indexed Annuity is a financial vehicle that can be a key part of a well-designed retirement strategy, providing a guaranteed stream of income that will last your entire lifetime. Premier Foundation Plus helps jump-start your retirement savings by boosting the premium payment you make into your annuity between 3%-5%. That can really add up if you have larger amounts to invest, and have a longer time horizon until retirement.
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
|
|---|---|
|
Premium Bonus
|
5% |
|
Term
|
10 Years |
|
Surrender schedule
|
8%8%7%6%5%4%3%2%1%1% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$1,000,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA-Roth, Stretch IRA, and NQ Stretch |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 10-Year Fixed Account |
Fixed
|
4.1%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.8%
Cap
|
| 1-Year S&P Global Broad Market PTP Cap |
Point to Point
Annual
|
7.4%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Premier Foundation Plus Guaranteed Growth Withdrawal Benefit Rider | No | 0.90% annually (2.00% max) |
| Premier Foundation Plus Inflation Security Withdrawal Benefit Rider | No | 1.05% annually (2.00% max) |