Index Select Annuity 10
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The Index Select Annuity 10 (ISA) is a single-premium deferred indexed annuity with a 9-withdrawal charge period. You purchase the annuity with one premium payment, but premiums are accepted during the first 90 contract days to accommodate multiple roll-overs, transfers, and exchanges. The ISA is a fixed deferred annuity which means interest is earned during the accumulation phase and annuity payments are deferred until the annuity date or upon annuitization. The ISA is an indexed annuity that offers separate annuity account allocation options: (1) the Fixed Interest Account; and (2) the Index Interest Account. You may allocate a premium between the two accounts. The ISA’s principal and earnings are not subject to income taxes until funds are withdrawn or distributed. A 10% IRS early-withdrawal penalty may apply to withdrawals or distributions prior to age 59½.
Available in states:
AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, UT, VT, VA, WV, WI, and WY
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
4.75%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.25%
Cap
|
1-Year S&P 500 PTP Paticipation Rate |
Point to Point
Annual
|
49%
Participation
|
1-Year Fixed Account |
Fixed
|
4.75%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
1-Year S&P 500 PTP Paticipation Rate |
Point to Point
Annual
|
51%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |