Rate Certainty 20
Rate Certainty 20
About Product
Non-Qualified: $10,000
Rate Certainty Annuity provides a straightforward and simple solution to grow and protect funds.
- Simplicity
Features a single index that is a managed version of the S&P 500® which is a widely renown measure of large-cap U.S. equities. - Upside Potential
Four simple crediting strategies provide the opportunity for potential interest growth with no chance of loss. - Certainty with Guarantees
All index rates are guaranteed at issue which alleviates the worry of a renewal rate throughout the length of the guarantee period.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year S&P 500 Dynamic Intraday TCA Enhanced Performance Triggered |
Enhanced Performance Trigger
Annual
|
9.7%
Performance triggered
|
| 1-Year S&P 500 Dynamic Intraday TCA Protected Performance Triggered |
Protected Performance Trigger
Annual
|
2%
Fixed
5.7%
Performance triggered
|
| 20-Year Fixed Account |
Fixed
|
3.7%
Fixed
|
| 1-Year S&P 500 Dynamic Intraday TCA Performance Triggered |
Performance Triggered
Annual
|
8.2%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 4% | 2% | 2% | 1% |
Riders
No Riders for Rate Certainty 20 annuity.
Waivers
Terminal Illness
Surrender charges and MVA may be waived if the contract owner is diagnosed with an injury or illness expected to result in death within 12 months. Available after issue.
Disability
Prior to age 65, surrender charges and MVA may be waived if the contract owner is physically disabled, or diagnosed with a disabling terminal illness. Available after issue.
Confinement
Surrender charges and MVA may be waived if the contract owner is confined to a licensed hospital, licensed convalescent care facility, skilled nursing facility, custodial care facility, or licensed hospice facility for 30 or more days. Available 90 days after issue.
Premium Notes
- Q $5,000
- NQ $10,000
- $3,000,000
Withdrawal Provisions
Free Withdrawal Privilege After the contract is issued, up to 10% of the annuity value can be withdrawn at the beginning of the contract year, or the minimum required distribution, if greater, during each contract year without any surrender charges. Market Value Adjustments (MVA) If you withdraw any amount during the surrender charge period in excess of the allotted surrender charge free withdrawal amount, additional adjustments may be applied that could increase or decrease the total withdrawal amount. Values are determined by comparing market interest rates on the contract’s issue date to its surrender date. Not applicable in all states.
- A.M. Best A
- Fitch A
- S&P A
- Comdex 75
