IncomeShield 7
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Highlights
IncomeShield 7 is a fixed index annuity designed to help protect hard-earned dollars from index fluctuations while offering interest growth opportunities based on increases in an index.
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
|
|---|---|
|
Term
|
7 Years |
|
Surrender schedule
|
9.2%9%8%7%6%4%2% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$5,000 |
|
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 |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
1.7%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
2.75%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
10%
Participation
|
| 1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Cap |
Point to Point
Annual
|
4.5%
Cap
|
| 1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year SG Global Sentiment PTP Participation rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year BofA Destinations PTP Participation rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year UBS Tech Edge PTP Participation rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 4% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| IncomeShield LIBR Option 2 - 8.25% Rollup | Yes | 1.10% annually |
| IncomeShield LIBR Option 4 - 8.25% Rollup & Wellbeing Rider | Yes | 1.20% annually |
| IncomeShield LIBR Option 5 - 6.5% Rollup & Wellbeing Rider | Yes | 1.20% annually |
| IncomeShield LIBR Option 1 - 4.00% Rollup | Yes | |
| IncomeShield LIBR Option 3 - 6.5% Rollup | Yes | 1.10% annually |