Foundations Annuity 5
In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.
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Learn how an annuity can provide guaranteed income for life.
As a fixed index annuity, Foundations helps grow retirement savings without investing in the stock market. You can receive interest credits based on a portion of the increase of a financial market index, but are guaranteed to never lose money due to market loss.
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
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
4.85%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.75%
Cap
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
3%
Cap
|
1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
9.5%
Cap
|
1-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Annual
|
1.75%
Spread
|
2-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Biennial
|
1%
Spread
|
1-Year S&P 500 Factor Rotator Daily RC2 7% PTP Participation Rate with Spread |
Point to Point
Annual
|
140%
Participation
|
2-Year S&P 500 Factor Rotator Daily RC2 7% PTP Participation Rate with Spread |
Point to Point
Biennial
|
175%
Participation
|
1-Year S&P MARC 5% ER PTP Participation Rate with Spread |
Point to Point
Annual
|
200%
Participation
|
2-Year S&P MARC 5% ER PTP Participation Rate with Spread |
Point to Point
Biennial
|
250%
Participation
|
1-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread |
Point to Point
Annual
|
160%
Participation
|
2-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread |
Point to Point
Biennial
|
200%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 |
---|---|---|---|---|---|
Penalty | 9% | 8% | 7% | 6% | 5% |