EstateShield 9 (CA Only)
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Highlights
EstateShield 9 is a Modified Single Premium Deferred Index Annuity.
Available in states:
CA
|
Type
|
Fixed Index |
|---|---|
| Purpose | Lifetime Income |
|
Term
|
9 Years |
|
Surrender schedule
|
8%8%7%6%5%4%3%2%1% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
10/25/2022 |
|
Minimum contribution
|
$5,000 |
|
Maximum contribution
|
$1,500,000 |
|
Max Age Qualified
|
75 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA |
Brochure
|
Open brochure |
Find out if the EstateShield 9 (CA Only) is the right product for you.
Premium Notes
Minimum Premium:
$5,000
Maximum Premium:
40-69: $1,500,000
70-75: $1,000,000
Contract owners must choose how to allocate the initial premium. Additional premium payments can be made during the first contract year subject to our approval. Additional premiums are automatically allocated to the Fixed Interest Strategy and may be subject to different rates. The contract values may be reallocated between strategies on the contract anniversary, subject to a minimum allocation value of $1,000 each.
$5,000
Maximum Premium:
40-69: $1,500,000
70-75: $1,000,000
Contract owners must choose how to allocate the initial premium. Additional premium payments can be made during the first contract year subject to our approval. Additional premiums are automatically allocated to the Fixed Interest Strategy and may be subject to different rates. The contract values may be reallocated between strategies on the contract anniversary, subject to a minimum allocation value of $1,000 each.
Withdrawal Provisions
Withdrawals
- Withdrawals can be made from the annuity contract any time before the maturity date of the contract. Free withdrawals of up to 10% of the total premiums paid are allowed each contract year, beginning in year two.
- Withdrawal charges will apply to withdrawals taken in excess of the free withdrawal amount. Any withdrawal from the contract will result in a reduction of the contract values.
- Systematic Withdrawal of interest only from the Fixed Value, available after 30 days.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.5%
Fixed
|
| 2-Year BofA Destinations PTP Participation Rate |
Point to Point
Biennial
|
165%
Participation
|
| 2-Year UBS Tech Edge PTP Participation Rate |
Point to Point
Biennial
|
175%
Participation
|
| 1-Year BofA Destinations PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
| 2-Year SG Global Sentiment PTP Participation Rate |
Point to Point
Biennial
|
160%
Participation
|
| 1-Year UBS Tech Edge PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
| 2-Year S&P 500 Dividend Aristocrats ER PTP Participation Rate |
Point to Point
Biennial
|
160%
Participation
|
| 1-Year SG Global Sentiment PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
| 2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
8.75%
Cap
|
| 1-Year S&P 500 Dividend Aristocrats ER PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.9%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.25%
Cap
|
| 1-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
| 2-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate |
Point to Point
Biennial
|
175%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| No-Fee Lifetime Income Benefit Rider: Indexing Income (CA) | Yes |
Waivers
Death
No Surrender Charges at death
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