BalanceShield 10
Get an annuity today!
Learn how an annuity can provide guaranteed income for life.
Highlights
BalanceShield 10 is a Single Premium Deferred Index Annuity. BalanceShield 10 blends fixed annuity and fixed index annuity features through its innovative Balanced Interest Strategies. These provide an embedded Floor for growth in any condition, along with additional interest crediting potential through a variety of index-linked strategies. Additionally, BalanceShield 10 introduces features such as Index Lock and Gains-to-Date to enhance the fixed index annuity experience.
Balanced Interest Strategy
This annuity contract provides an interest crediting strategy linked to the performance of the index selected. The contract value can be allocated to one or more of the available Balanced Interest Strategies, each comprised of an Index and either a one or two year term. Each Balanced Interest Strategy provides the opportunity to receive mid-term interest credits if a partial withdrawal or surrender or if death benefit are paid before the end of the term.
Index Lock
Ability to lock the index price prior to the end of a term. Thereafter, the locked index price is used to calculate any Gains-to-Date Credits during the strategy term and any interest credits at the end of the strategy term.
Interest Boost
A percentage by which we increase the Index Return, after application of any Participation Rate and Spread, in order to calculate the Strategy Gain Percentage.
Gains-to-Date
Interest credits on amounts withdrawn from a Balanced Interest Strategy prior to the end of the strategy term, using either the preferred or non-preferred crediting rate
Preferred Crediting Rate
Balanced Interest Strategy
This annuity contract provides an interest crediting strategy linked to the performance of the index selected. The contract value can be allocated to one or more of the available Balanced Interest Strategies, each comprised of an Index and either a one or two year term. Each Balanced Interest Strategy provides the opportunity to receive mid-term interest credits if a partial withdrawal or surrender or if death benefit are paid before the end of the term.
Index Lock
Ability to lock the index price prior to the end of a term. Thereafter, the locked index price is used to calculate any Gains-to-Date Credits during the strategy term and any interest credits at the end of the strategy term.
Interest Boost
A percentage by which we increase the Index Return, after application of any Participation Rate and Spread, in order to calculate the Strategy Gain Percentage.
Gains-to-Date
Interest credits on amounts withdrawn from a Balanced Interest Strategy prior to the end of the strategy term, using either the preferred or non-preferred crediting rate
Preferred Crediting Rate
- Uses the full Strategy Gain Percentage at the time of the withdrawal
- Used to calculate Gains-to-Date Credits for withdrawals of up to 10% of the Contract Value each year, beginning in year 2
Non-Preferred Crediting Rate
- Uses a prorated Strategy Gain Percentage based on the amount of time that has elapsed in the strategy term
- Used to calculate Gains-to-Date Credits for first year withdrawals and withdrawals in excess of 10% of the Contract Value in a year
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, 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 |
|---|---|
| Purpose | Accumulation |
|
Term
|
10 Years |
|
Surrender schedule
|
9.2%9%8%7%6%5%4%3%2%1% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
07/16/2024 |
|
Minimum contribution
|
$10,000 |
|
Maximum contribution
|
$1,500,000 |
|
Max Age Qualified
|
80 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Find out if the BalanceShield 10 is the right product for you.
Premium Notes
Minimum Premium
- $10,000 Qualified and Non-qualified
- Single premium deferred annuity
Maximum Premium
- Ages 18-69: $1,500,000
- Ages 70-74: $1,000,000
- Ages 75-80: $750,000
Withdrawal Provisions
Free Withdrawal Amount
Beginning in the second contract year, you can withdraw up to 10% of the Contract Value each year without any withdrawal charge or market value adjustment.
Required Minimum Distributions (RMDs)
RMDs are available beginning the calendar year following contract start date. Withdrawals of the RMD amount, as calculated by us, will reduce the Free Withdrawal amount available for the current contract year. We consider any withdrawals to first be in satisfaction of the RMD for that calendar year.
Market Value Adjustment (MVA)
An increase or decrease in the amount of a partial withdrawal or Surrender Value in excess of the Free Withdrawal amount. The MVA does not apply to Free Withdrawals, the Death Benefit or any amounts withdrawn after the end of the Withdrawal Charge period.
Beginning in the second contract year, you can withdraw up to 10% of the Contract Value each year without any withdrawal charge or market value adjustment.
Required Minimum Distributions (RMDs)
RMDs are available beginning the calendar year following contract start date. Withdrawals of the RMD amount, as calculated by us, will reduce the Free Withdrawal amount available for the current contract year. We consider any withdrawals to first be in satisfaction of the RMD for that calendar year.
Market Value Adjustment (MVA)
An increase or decrease in the amount of a partial withdrawal or Surrender Value in excess of the Free Withdrawal amount. The MVA does not apply to Free Withdrawals, the Death Benefit or any amounts withdrawn after the end of the Withdrawal Charge period.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year S&P 500 Balanced Interest Participation Rate with Spread with 1% Floor and 10% Boost |
Balanced Interest
Annual
|
45%
Participation
1%
Spread
|
| 2-Year S&P 500 Balanced Interest Participation Rate with Spread with 1% Floor and 50% Boost |
Balanced Interest
Biennial
|
45%
Participation
1%
Spread
|
| 1-Year S&P 500 Dividend Aristocrats DRC 5% ER Balanced Interest Participation Rate with Spread with 1% Floor and 85% Boost |
Balanced Interest
Annual
|
100%
Participation
1%
Spread
|
| 2-Year S&P 500 Dividend Aristocrats DRC 5% ER Balanced Interest Participation Rate with Spread with 1% Floor and 170% Boost |
Balanced Interest
Biennial
|
100%
Participation
1%
Spread
|
| 1-Year BlackRock Adaptive US Equity 5% Balanced Interest Participation Rate with Spread with 1% Floor and 95% Boost |
Balanced Interest
Annual
|
100%
Participation
1%
Spread
|
| 2-Year BlackRock Adaptive US Equity 5% Balanced Interest Participation Rate with Spread with 1% Floor and 200% Boost |
Balanced Interest
Biennial
|
100%
Participation
1%
Spread
|
| 1-Year Fixed Account |
Fixed
|
4.05%
Fixed
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for BalanceShield 10 annuity.
Waivers
Enhanced Benefit
This no-fee rider is automatically included for owners age 75 and under and includes both a Qualified Nursing Care and Terminal Illness Benefit. Qualified Nursing Care Benefit – After the first contract year, one additional free withdrawal of up to 100% of the adjusted daily contract value is allowed if the owner is confined in a qualified care facility for a minimum of 90 days. Confinement must begin after the contract issue date and written proof is required from both the qualified care facility and recommending physician. Terminal Illness Benefit – After the first contract year, one additional free withdrawal of up to 100% of the contract performance value is allowed if the owner is diagnosed with a terminal illness. Diagnosis must occur after the contract is issued and written proof with supporting documentation is required from a qualified physician.
Ready to Protect Your Financial Future?
Request a free quote or talk to our financial expert to get help