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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.25%
7-Year
6.00%
10-Year
5.80%

Guaranteed Income Annuity 10 Legacy Rider

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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
Purpose Accumulation & Legacy
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
Launch date
06/01/2018
Minimum contribution
$5,000
Maximum contribution
$1,000,000
Max Age Qualified
85
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
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Premium Notes

Additional First Year Premiums
The Guaranteed Income Annuity allows for Subsequent Premiums in the First Contract Year only. 
There is no minimum for additional contributions. There is a maximum of $1 million total premium without prior approval.
Subsequent Premiums can be made non-uniformly, monthly, or as a lump sum— there are not any restrictions on that.

Withdrawal Provisions

Withdrawal Provisions 
  • Required Minimum Distribution (RMD) is available Penalty-free during the first contract year
  • RMD or up to 10% of the Purchase Premium is available penalty Free after the first Policy Year 
  • A maximum of two withdrawals are allowed each Policy Year 
  • Minimum withdrawal amount of $250; Minimum Accumulation Value after withdrawal is $2,500 

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)

Waivers

Nursing Home

Unavailable in states: FL, and PA

Must be confined to a nursing home for a period of at least 90 consecutive days. There is a waiting period of either one or two years, depending on the state contract is issued. If the owner is confined to a nursing home during the waiting period, this benefit would not be available in certain states. The nursing home waiver does not include home health care.

Terminal Illness

Unavailable in states: FL, and PA

Terminal illness is defined as any medical condition which a physician certifies that the policy owner’s expected life span is twelve months or less. Proof of the terminal illness is required by a certified licensed physician that is not the owner, annuitant, or a family member to the owner or annuitant. The owner cannot be terminally ill during the waiting period. There is a waiting period of either one or two years, depending on which state the contract is issued.

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