Ameritas Income 10 Index Annuity
The Ameritas Income 10 Index Annuity is a fantastic choice for planning your retirement. Providing steady income with a balance of capital safety and potential for growth, it offers valued peace of mind.
Plus, noteworthy benefits such as income boosters and protection features keep you ahead, without the usual stock market worries. A truly reassuring and smart choice!
Ameritas Income 10 Index Annuity
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Ratings:
- A.M. Best A
- S&P A+
- Comdex 79
About Product
Type
Fixed Index
Purpose
Lifetime Income
Term
10 Years
Surrender schedule
9%9%8%7%6%5%4%3%2%1%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and SIMPLE IRA
Launch Date
05/01/2019
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.4%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.65%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
6.7%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.05%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
7.35%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
8.2%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
6.05%
Cap
|
| 1-Year MSCI EAFE PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
7.8%
Cap
|
| 1-Year S&P 500 Sector Rotator Daily RC2 5% PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 2-Year S&P 500 Sector Rotator Daily RC2 5% PTP Participation Rate |
Point to Point
Biennial
|
175%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3.75%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.25%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
7.95%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.25%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
8.15%
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
|
6.9%
Cap
|
| 1-Year MSCI EAFE PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
10.4%
Cap
|
| 1-Year S&P 500 Sector Rotator Daily RC2 5% PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
| 2-Year S&P 500 Sector Rotator Daily RC2 5% PTP Participation Rate |
Point to Point
Biennial
|
190%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3.95%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.7%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
8.85%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.35%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
8.55%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
10.05%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
7.4%
Cap
|
| 1-Year MSCI EAFE PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
11.75%
Cap
|
| 1-Year S&P 500 Sector Rotator Daily RC2 5% PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 2-Year S&P 500 Sector Rotator Daily RC2 5% PTP Participation Rate |
Point to Point
Biennial
|
195%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.8%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
8.95%
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
|
8.65%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
10.15%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
7.55%
Cap
|
| 1-Year MSCI EAFE PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
12.5%
Cap
|
| 1-Year S&P 500 Sector Rotator Daily RC2 5% PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
| 2-Year S&P 500 Sector Rotator Daily RC2 5% PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Income Protector Rider | No | 1.00% annually (2.00% max) |
| Income Builder Rider | Yes | 1.00% annually (2.00% max) |
| Income Protector Plus Rider | No | 1.10% annually (2.00% max) |
| Income Builder Plus Rider | Yes | 1.10% annually (2.00% max) |
Waivers
Terminal Illness
Unavailable in states: CA
This rider will be included at issue. It is a no-cost rider that provides waiver of surrender charges if the client is terminally ill.
ADL
Unavailable in states: CA, and FL
This rider will be included at issue. It is a no-cost rider that provides waiver of surrender charges if the client receives at home health care due to inability to perform 2 of 6 activities of daily living (ADLs) - bathing, continence, dressing, eating, toileting and transferring.
Confinement
Unavailable in states: CA
This rider will be included at issue. It is a no-cost rider that provides waiver of surrender charge if the client is confined to a nursing care facility.
Premium Notes
Premiums Minimum initial deposit
The minimum deposit is $10,000 for qualified and non-qualified funds. If the initial premium is less than the desired $10,000 amount, there must be recurring premium set up at issue such that the $10,000 premium requirement is met during the first policy year.
$100 minimum additional. Additional premium can be lump sum or scheduled.
The minimum deposit is $10,000 for qualified and non-qualified funds. If the initial premium is less than the desired $10,000 amount, there must be recurring premium set up at issue such that the $10,000 premium requirement is met during the first policy year.
$100 minimum additional. Additional premium can be lump sum or scheduled.
Maximum lifetime deposit
The maximum lifetime premium is $2 million. Home office approval is required for any amount over this limit and for any policy owner who exceeds this limit for all policies issued by Ameritas combined.
Withdrawal Provisions
Market Value Adjustment (MVA)
The Market Value Adjustment (MVA) can be a positive or negative adjustment made in response to changes in the general interest rate market. It applies anytime a surrender charge is assessed during the policy's surrender charge period (in addition to the applicable surrender charge). An MVA does not apply when funds are accessed penalty-free; the actual MVA amount may vary by state, and an MVA may not be applicable in all states.
Penalty-free withdrawals
Each policy year after the first year, your client 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.
The Market Value Adjustment (MVA) can be a positive or negative adjustment made in response to changes in the general interest rate market. It applies anytime a surrender charge is assessed during the policy's surrender charge period (in addition to the applicable surrender charge). An MVA does not apply when funds are accessed penalty-free; the actual MVA amount may vary by state, and an MVA may not be applicable in all states.
Penalty-free withdrawals
Each policy year after the first year, your client 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.
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