Shield Level II 6-Year
The Shield Level II 6-Year annuity is a superb option for future-focused folks. Offering peace of mind, this plan's key feature is its protection against market downturns. Say goodbye to retirement worries!
Engaging and easy to understand, its brochure gives a clear picture of its benefits. With Shield Level II 6-Year, you're not just planning; you're securing success for your golden years.
Shield Level II 6-Year
About Product
Interim Value
The Interim Value calculation uses a hypothetical portfolio approach which aligns with industry standards. The Interim Value for each Shield Option is equal to the sum of (1) the market value of the Fixed Income Asset Proxy and (2), the current market value of the Derivative Asset Proxy.
Performance Lock Feature
Each Shield Level II Annuity product offers the Performance Lock feature, which is available with all Shield Options (not available on Shield Level Pay Plus II). The Contract Owner will be able to lock the Interim Value once per Term. Performance Lock Value can be transferred to another Shield Option or the Fixed Account on any Contract Anniversary after the Performance Lock is exercised. Once the Performance Lock is exercised, it is irrevocable.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 2-Year Nasdaq-100 Shield 15 with Step Rate Edge |
Step Rate Edge
Biennial
|
14%
Performance triggered
|
| 1-Year S&P 500 Shield 10 with Step Rate Edge |
Step Rate Edge
Annual
|
7.25%
Performance triggered
|
| 1-Year S&P 500 Shield 15 with Step Rate Edge |
Step Rate Edge
Annual
|
6.25%
Performance triggered
|
| 2-Year S&P 500 Shield 10 with Step Rate Edge |
Step Rate Edge
Biennial
|
13.75%
Performance triggered
|
| 2-Year S&P 500 Shield 15 with Step Rate Edge |
Step Rate Edge
Biennial
|
12.25%
Performance triggered
|
| 1-Year Russell 2000 Shield 10 with Step Rate Edge |
Step Rate Edge
Annual
|
9%
Performance triggered
|
| 1-Year Russell 2000 Shield 15 with Step Rate Edge |
Step Rate Edge
Annual
|
7.25%
Performance triggered
|
| 2-Year Russell 2000 Shield 10 with Step Rate Edge |
Step Rate Edge
Biennial
|
16.5%
Performance triggered
|
| 2-Year Russell 2000 Shield 15 with Step Rate Edge |
Step Rate Edge
Biennial
|
14.25%
Performance triggered
|
| 1-Year MSCI EAFE Shield 15 with Step Rate Edge |
Step Rate Edge
Annual
|
5.75%
Performance triggered
|
| 2-Year MSCI EAFE Shield 10 with Step Rate Edge |
Step Rate Edge
Biennial
|
13.5%
Performance triggered
|
| 2-Year MSCI EAFE Shield 15 with Step Rate Edge |
Step Rate Edge
Biennial
|
11%
Performance triggered
|
| 1-Year Nasdaq-100 Shield 10 with Step Rate Edge |
Step Rate Edge
Annual
|
8.75%
Performance triggered
|
| 1-Year Nasdaq-100 Shield 15 with Step Rate Edge |
Step Rate Edge
Annual
|
7.25%
Performance triggered
|
| 2-Year Nasdaq-100 Shield 10 with Step Rate Edge |
Step Rate Edge
Biennial
|
16.25%
Performance triggered
|
| 1-Year MSCI EAFE Shield 10 with Step Rate Edge |
Step Rate Edge
Annual
|
7.25%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
| 1-Year MSCI EAFE PTP Cap Shield 25 |
Point to Point
Annual
|
8.25%
Cap
|
| 1-Year Nasdaq-100 PTP Cap Shield 25 |
Point to Point
Annual
|
9.25%
Cap
|
| 6-Year Nasdaq-100 PTP Cap Shield 25 |
Point to Point
6-Year
|
75%
Cap
|
| 6-Year Nasdaq-100 PTP Cap Shield 15 |
Point to Point
6-Year
|
90%
Cap
|
| 6-Year Nasdaq-100 PTP Cap Shield 10 |
Point to Point
6-Year
|
125%
Cap
|
| 3-Year Nasdaq-100 PTP Cap Shield 15 |
Point to Point
Triennial
|
40%
Cap
|
| 1-Year Nasdaq-100 PTP Cap Shield 15 |
Point to Point
Annual
|
12.5%
Cap
|
| 1-Year Nasdaq-100 PTP Cap Shield 10 |
Point to Point
Annual
|
15.5%
Cap
|
| 3-Year Nasdaq-100 PTP Cap Shield 10 |
Point to Point
Triennial
|
50%
Cap
|
| 6-Year MSCI EAFE PTP Cap Shield 15 |
Point to Point
6-Year
|
200%
Cap
|
| 1-Year S&P 500 PTP Cap Shield 10 |
Point to Point
Annual
|
13%
Cap
|
| 3-Year MSCI EAFE PTP Cap Shield 15 |
Point to Point
Triennial
|
80%
Cap
|
| 3-Year MSCI EAFE PTP Cap Shield 10 |
Point to Point
Triennial
|
130%
Cap
|
| 3-Year Russell 2000 PTP Cap Shield 15 |
Point to Point
Triennial
|
50%
Cap
|
| 3-Year Russell 2000 PTP Cap Shield 10 |
Point to Point
Triennial
|
90%
Cap
|
| 3-Year S&P 500 PTP Cap Shield 15 |
Point to Point
Triennial
|
50%
Cap
|
| 3-Year S&P 500 PTP Cap Shield 10 |
Point to Point
Triennial
|
130%
Cap
|
| 6-Year MSCI EAFE PTP Cap Shield 25 |
Point to Point
6-Year
|
110%
Cap
|
| 1-Year S&P 500 PTP Cap Shield 25 |
Point to Point
Annual
|
7.5%
Cap
|
| 6-Year MSCI EAFE PTP Cap Shield 10 |
Point to Point
6-Year
|
300%
Cap
|
| 6-Year Russell 2000 PTP Cap Shield 25 |
Point to Point
6-Year
|
75%
Cap
|
| 6-Year Russell 2000 PTP Cap Shield 15 |
Point to Point
6-Year
|
90%
Cap
|
| 6-Year Russell 2000 PTP Cap Shield 10 |
Point to Point
6-Year
|
130%
Cap
|
| 6-Year S&P 500 PTP Cap Shield 25 |
Point to Point
6-Year
|
85%
Cap
|
| 6-Year S&P 500 PTP Cap Shield 15 |
Point to Point
6-Year
|
175%
Cap
|
| 6-Year S&P 500 PTP Cap Shield 10 Uncapped (Most States) |
Point to Point
6-Year
|
|
| 1-Year Russell 2000 PTP Cap Shield 25 |
Point to Point
Annual
|
10.25%
Cap
|
| 1-Year MSCI EAFE PTP Cap Shield 15 |
Point to Point
Annual
|
11.5%
Cap
|
| 1-Year Russell 2000 PTP Cap Shield 15 |
Point to Point
Annual
|
14.5%
Cap
|
| 1-Year S&P 500 PTP Cap Shield 15 |
Point to Point
Annual
|
10%
Cap
|
| 1-Year MSCI EAFE PTP Cap Shield 10 |
Point to Point
Annual
|
17%
Cap
|
| 1-Year Russell 2000 PTP Cap Shield 10 |
Point to Point
Annual
|
19.5%
Cap
|
| 1-Year Nasdaq-100 Shield 15 with Step Rate |
Performance Triggered
Annual
|
9%
Performance triggered
|
| 1-Year MSCI EAFE Shield 10 with Step Rate |
Performance Triggered
Annual
|
8.5%
Performance triggered
|
| 1-Year Russell 2000 Shield 10 with Step Rate |
Performance Triggered
Annual
|
11.25%
Performance triggered
|
| 1-Year S&P 500 Shield 10 with Step Rate |
Performance Triggered
Annual
|
8.75%
Performance triggered
|
| 1-Year Nasdaq-100 Shield 10 with Step Rate |
Performance Triggered
Annual
|
10.25%
Performance triggered
|
| 2-Year MSCI EAFE Shield 10 with Step Rate |
Performance Triggered
Biennial
|
15.5%
Performance triggered
|
| 1-Year MSCI EAFE Shield 15 with Step Rate |
Performance Triggered
Annual
|
7.75%
Performance triggered
|
| 1-Year Russell 2000 Shield 15 with Step Rate |
Performance Triggered
Annual
|
10%
Performance triggered
|
| 1-Year S&P 500 Shield 15 with Step Rate |
Performance Triggered
Annual
|
8%
Performance triggered
|
| 2-Year Nasdaq-100 Shield 10 with Step Rate |
Performance Triggered
Biennial
|
17.5%
Performance triggered
|
| 2-Year Nasdaq-100 Shield 15 with Step Rate |
Performance Triggered
Biennial
|
15.5%
Performance triggered
|
| 2-Year S&P 500 Shield 10 with Step Rate |
Performance Triggered
Biennial
|
14.75%
Performance triggered
|
| 2-Year S&P 500 Shield 15 with Step Rate |
Performance Triggered
Biennial
|
13.5%
Performance triggered
|
| 2-Year Russell 2000 Shield 10 with Step Rate |
Performance Triggered
Biennial
|
18.25%
Performance triggered
|
| 2-Year Russell 2000 Shield 15 with Step Rate |
Performance Triggered
Biennial
|
16.75%
Performance triggered
|
| 2-Year MSCI EAFE Shield 15 with Step Rate |
Performance Triggered
Biennial
|
13.5%
Performance triggered
|
| 6-Year S&P 500 PTP Cap Shield 10 (Variation States) |
Point to Point
6-Year
|
500%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 7% | 7% | 6% | 5% | 4% | 3% |
Riders
No Riders for Shield Level II 6-Year annuity.
Waivers
Nursing Home
Unavailable in states: CT, and MA
After the first contract year, we will waive the withdrawal charge if you or the joint owner becomes confined to a hospital and/or nursing home for at least 90 days. Confinement must start after the first contract year. Available to purchasers age 80 or younger at contract issue. The nursing home waiver does not include home health care. Not available in all states. Other restrictions apply. See the prospectus for further details.
Terminal Illness
Unavailable in states: CT, MA, SD, TX, and WA
After the first contract year, we will waive the withdrawal charge if you or the joint owner becomes terminally ill and is not expected to live more than 12 months. Available to purchasers age 80 or younger at contract issue. Not available in all states. Other restrictions apply. See the prospectus for further details.
Premium Notes
- TSP funds have to be rolled into an IRA.
- If a NQ contract has already been stretched, we would not allow for a beneficiary to continue the payments or “inherit” the contract.
- We will issue Inherited IRAs allowing for the Life Expectancy IRS exception (stretch) for Eligible Designated Beneficiaries (i.e., normal IRA stretch rules). This includes spouses and beneficiaries no more than 10 years younger than the original IRA owner
Withdrawal Provisions
Free WithdrawalAfter the first contract year, the Free Withdrawal Amount is equal to 10% of the account value as of the prior contract anniversary. In addition, there are other situations where a withdrawal charge may not apply. Automated WithdrawalsA scheduled stream of monthly, quarterly, or annual withdrawals that may be taken from specified Shield Options and/or the Fixed Account, or proportionally from all Shield Options and the Fixed Account, as allocated. Automated required minimum distributions (RMDs) are available in any contract year. Automated withdrawals for purposes other than RMDs are available after the first contract year and may be subject to withdrawal charges if they exceed the Free Withdrawal Amount in a contract year. Other restrictions apply.
- A.M. Best A
- Fitch A
- S&P A+
- Moody's A3
- Comdex 76
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