ViStar
ViStar Annuity is a trusted plan offering you stability and peace of mind for your golden years. Enjoy guaranteed lifetime income, perfect for retirees wanting financial security.
Your future feels brighter with ViStar's hassle-free, regular income streams. No worrying about ups and downs of markets - just financial comfort. Try ViStar, for a worry-free retirement!
ViStar
Ratings:
- A.M. Best A-
About Product
Non-Qualified: $10,000
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
| 1-Year S&P Economic Cycle Factor Rotator PTP Participation Rate |
Point to Point
Annual
|
155%
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 |
|---|---|---|
| Lifetime Withdrawal Rider | No | 0.90% annually |
| Lifetime Withdrawal Rider (MA, MT) | No | 0.90% annually |
Waivers
Nursing Home
Unavailable in states: MA
Should the owner become confined to a nursing home, ViStar provides access to the full account value, without surrender charges or applicable market value adjustments. The benefit becomes available after the first contract anniversary. The contract must be issued prior to the owner’s age of 76 and the confinement in a nursing home must be for at least 90 continuous days. The nursing home waiver does not include home health care.
Terminal Illness
If the owner becomes terminally ill or is deemed terminally ill by a physician, ViStar allows withdrawals up to the full account value without surrender charges or applicable market value adjustments. Eligibility is subject to rider provisions, which are: 1. Physician must certify that the owner’s life expectancy is nine months or less; or 2. The owner is diagnosed with a heart attack, stroke or life threatening cancer after the policy was purchased, in force for one year and owner is not over age 70.
Premium Notes
The easiest piece. The contract is purchased with a single sum of money. However, additional funds may be deposited within the first 12 months to the 1-Year fixed interest rate strategy and it is not set up on an automatic basis. At the end of the first contract year, the additional funds may be reallocated to the index strategy accounts.
Additional Premium Minimum: $500
Maximum Premium: $1,000,000
Note: We take inherited/beneficiary IRA as a plan type only if person died before 2020; as a rollover.
Withdrawal Provisions
A penalty-free withdrawal of up to 10% of the Account Value calculated as of the last Contract Anniversary. Surrender charges and market value adjustment will be waived on the penalty-free amount withdrawn. Amounts withdrawn in excess of the penalty-free amount will incur a surrender charge and market value adjustment, if applicable. Surrender charges on Internal Revenue Service (IRS) required minimum distributions (RMD) exceeding the penalty-free withdrawal amount will be waived.
Other Clear Spring Products
You might also be interested in
-cropped.svg)
