Guaranteed Income Annuity 10 Legacy Rider
Get an annuity today!
Learn how an annuity can provide guaranteed income for life.
Highlights
Guaranteed Income Annuity is a modified single premium, deferred annuity utilizing LIBOR for the possibility of high rewards. Additional premiums may be added during the first contract year.
Available in states:
AL, AZ, AR, CO, FL, GA, HI, IL, IN, IA, KS, KY, LA, MD, MA, MS, MO, MT, NE, NV, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, and WY
Type
|
Fixed Index
|
---|---|
Premium Bonus
|
10% |
Term
|
10 Years |
Surrender schedule
|
10%9%8%7%6%5%4%3%2%1% |
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, SIMPLE IRA, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
Name | Type | Rates |
---|---|---|
2-Year Fixed Account with 3 Month SOFR Participation Rate |
SOFR
Annual
|
3%
Fixed
55%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Legacy Rider | Yes | 1.25% annually (1.60% after 5 years) |
Legacy Rider (FL, SD, ND) | Yes | 1.25% annually (1.60% after 5 years) |