Ameritas Accumulation 7 Index with 5-Year Surrender
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Highlights
Whether you’ll need your savings for retirement, an emergency fund or to leave more for loved ones, it will take careful planning to help ensure your goals are met. Adding Ameritas Accumulation 7 Index Annuity, a flexible premium deferred annuity, to your plan may help you overcome today’s challenges, including low interest rates, market downturns, rising health care expenses and longer life expectancies.
Accumulation 7 IA provides:
Accumulation 7 IA provides:
- Features to grow your savings.
- Access to your money if you need it.
- Options to leave a legacy.
Available in states:
AL, AK, AZ, AR, CA, 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 & Legacy |
|
Term
|
5 Years |
|
Surrender schedule
|
9%9%7.75%6.5%5.25% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
| Flexible premium | Product Life |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
11/19/2018 |
|
Minimum contribution
|
$10,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
85 |
|
Types of funds
|
Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, and 457 plan |
Brochure
|
Open brochure |
Find out if the Ameritas Accumulation 7 Index with 5-Year Surrender is the right product for you.
Premium Notes
- $100 minimum additional. Additional premium can be lump sum or scheduled.
- $2 000 000 maximum per owner without Home Office approval or commission reduction.
Withdrawal Provisions
Access to your money
Accumulation 7 offers you the comfort of knowing you have access to your money if unforeseen opportunities or issues arise. However, if you choose to access your funds during the policy’s first seven years, and you do not qualify under any of the available penalty-free options, surrender charges will apply to partial withdrawals or full surrenders. Remember that withdrawals are taxable events, and if taken prior to age 59½, tax penalties may apply. Consult with your attorney or tax professional before taking a withdrawal.
Market value adjustment
A market value adjustment (MVA) may also apply if you surrender your contract during the surrender charge period. The MVA is calculated by comparing the interest rate environment when you purchase your contract to the environment when you choose to surrender your contract. Generally, a decrease in market interest rates may result in a somewhat higher net amount payable upon withdrawal; rising interest rates may result in a somewhat lower net payment. The MVA amount may vary by state and may not be applicable in all states.
Penalty-free withdrawals
Each policy year after the first year, you may withdraw up to 10% of your beginning-of-year accumulation value without incurring surrender charges or an MVA. The minimum withdrawal amount is $500.
Accumulation 7 offers you the comfort of knowing you have access to your money if unforeseen opportunities or issues arise. However, if you choose to access your funds during the policy’s first seven years, and you do not qualify under any of the available penalty-free options, surrender charges will apply to partial withdrawals or full surrenders. Remember that withdrawals are taxable events, and if taken prior to age 59½, tax penalties may apply. Consult with your attorney or tax professional before taking a withdrawal.
Market value adjustment
A market value adjustment (MVA) may also apply if you surrender your contract during the surrender charge period. The MVA is calculated by comparing the interest rate environment when you purchase your contract to the environment when you choose to surrender your contract. Generally, a decrease in market interest rates may result in a somewhat higher net amount payable upon withdrawal; rising interest rates may result in a somewhat lower net payment. The MVA amount may vary by state and may not be applicable in all states.
Penalty-free withdrawals
Each policy year after the first year, you may withdraw up to 10% of your beginning-of-year accumulation value without incurring surrender charges or an MVA. The minimum withdrawal amount is $500.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.25%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.1%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
9%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.4%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
7.65%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
9.35%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
7.65%
Cap
|
| 1-Year MSCI EAFE PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
9.3%
Cap
|
| 1-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate |
Point to Point
Annual
|
160%
Participation
|
| 2-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate |
Point to Point
Annual
|
220%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4.6%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.7%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
10.5%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.6%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
8.45%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
10.5%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year MSCI EAFE PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
11.9%
Cap
|
| 1-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 2-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate |
Point to Point
Annual
|
235%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4.8%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.15%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
11.3%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.7%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
8.85%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
11.2%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
9%
Cap
|
| 1-Year MSCI EAFE PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
13.25%
Cap
|
| 1-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
| 2-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate |
Point to Point
Annual
|
240%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4.85%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.3%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
11.4%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.75%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
8.95%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
11.3%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
9.15%
Cap
|
| 1-Year MSCI EAFE PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
14%
Cap
|
| 1-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate |
Point to Point
Annual
|
185%
Participation
|
| 2-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate |
Point to Point
Annual
|
245%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 5% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Enhanced Death Benefit Rider | No | |
| 5-Year Surrender Charge Rider | Yes | 0.15% annually (0.00% after 5 years) (0.18% max) |
Waivers
Terminal Illness
If, after the policy begins, you become diagnosed with a terminal illness that results in a life expectancy of 12 months or less, surrender charges may be waived on withdrawals.
ADL
At least one year after the policy date, if you need home health care services from a licensed home health care service agency because you are unable to perform 2 of 6 activities of daily living, which includes bathing, continence, dressing, eating, toileting and transferring, and show evidence of such services, you may qualify for a waiver of surrender charges. You must not have been confined or required home health care services during the year prior to your policy being issued.
Confinement
At any time after policy issue, if you become confined for at least 30 consecutive days to a qualified institution and show evidence of such confinement, surrender charges may be waived on withdrawals. To qualify for the waiver, you must not have been confined during the year prior to your policy being issued.
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