Strategy Indexed Annuity PLUS 7 NY
If you're planning for a relaxed, worry-free future or getting ready for a golden retirement, the Strategy Indexed Annuity PLUS 7 NY is just the ticket. A guaranteed income, strong potential for growth, and protection against market downturns are just some of its charms!
PLUS, you won't have to fret about the intricacies of the stock market, as this annuity does all that work for you. Its simplicity is its beauty, making it a truly user-friendly financial tool. Plan today, relax tomorrow with Strategy Indexed Annuity PLUS 7 NY.
Strategy Indexed Annuity PLUS 7 NY
About Product
Non-Qualified: $10,000
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
5.1%
Cap
|
| 1-Year S&P 500 PTP Cap with 100% Participation Rate |
Point to Point
Annual
|
100%
Participation
4.8%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.4%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3.25%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for Strategy Indexed Annuity PLUS 7 NY annuity.
Waivers
Terminal Illness
Surrender charges may be waived when the contract owner is diagnosed with an injury or illness that is reasonably expected to result in death in 12 months or less. This special waiver of surrender charges is available to you after issue.
Disability
Prior to age 65, surrender charges may be waived if the contract owner is diagnosed as having a disability. This special waiver of surrender charge is available to you immediately after issue. Conditions and restrictions on the waivers may apply.
Confinement
Surrender charges may be waived when 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. This special waiver of surrender charge is available to you beginning 90 days after issue. The nursing home waiver does not include home health care.
Premium Notes
- Non-Spouse ONLY if the original owner passed away prior to 01/01/2020.
- If the DOD is on or after 01/01/2020 we will only accept Spousal Inherited IRAs.
Withdrawal Provisions
Surrender Value The Surrender Value is equal to the Annuity Value minus (1) any applicable Surrender Charge and (2) any applicable federal or state premium taxes. Surrender Charge Free Withdrawal Privilege After the contract is issued, you can withdraw up to 10% of your Annuity Value as of the beginning of the Contract Year, or the RMD if greater, during each contract year without any surrender charges. The minimum withdrawal is $250.
- A.M. Best A
- Fitch A
- S&P A
- Comdex 75
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