TruStage ZoneChoice

TruStage™

Ratings:

  • A.M. Best A
  • S&P A+
  • Moody's A2
  • Comdex 79

About Product

Type
Registered Index-Linked
Purpose
Accumulation
Term
6 Years
Surrender schedule
8%8%8%7%6%5%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$5,000
Maximum Contribution
$1,999,999
Max Age Qualified
85
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Inherited IRA, and NQ Stretch
Launch Date
07/12/2021
TruStage ZoneChoice is a registered index-linked annuity that lets clients craft a personalized strategy that balances growth potential and downside risks all in one investment.
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.2% Fixed
1-Year Dimensional US Small Cap Value Systematic PTP Cap with -5% Floor
Point to Point
Annual
9.6% Cap
1-Year Barclays Risk Balanced PTP Cap with -2% Floor
Point to Point
Annual
11.9% Cap
1-Year Barclays Risk Balanced PTP Cap with -1% Floor
Point to Point
Annual
10.05% Cap
1-Year Barclays Risk Balanced PTP Cap with 0% Floor
Point to Point
Annual
8.5% Cap
6-Year Dimensional US Small Cap Value Systematic PTP Participation Rate with 10% Buffer
Point to Point
6-Year
112% Participation
1-Year Dimensional US Small Cap Value Systematic PTP Cap with 0% Floor
Point to Point
Annual
4.8% Cap
1-Year Dimensional US Small Cap Value Systematic PTP Cap with -1% Floor
Point to Point
Annual
5.75% Cap
1-Year Dimensional US Small Cap Value Systematic PTP Cap with -2% Floor
Point to Point
Annual
6.75% Cap
1-Year Dimensional US Small Cap Value Systematic PTP Cap with -3% Floor
Point to Point
Annual
7.7% Cap
1-Year Dimensional US Small Cap Value Systematic PTP Cap with -4% Floor
Point to Point
Annual
8.7% Cap
1-Year Barclays Risk Balanced PTP Cap with -3% Floor
Point to Point
Annual
13.5% Cap
1-Year Dimensional US Small Cap Value Systematic PTP Cap with -6% Floor
Point to Point
Annual
10.6% Cap
1-Year Dimensional US Small Cap Value Systematic PTP Cap with -7% Floor
Point to Point
Annual
11.55% Cap
1-Year Dimensional US Small Cap Value Systematic PTP Cap with -8% Floor
Point to Point
Annual
12.55% Cap
1-Year Dimensional US Small Cap Value Systematic PTP Cap with -9% Floor
Point to Point
Annual
13.5% Cap
1-Year Dimensional US Small Cap Value Systematic PTP Cap with -10% Floor
Point to Point
Annual
14.5% Cap
1-Year S&P 500 PTP Cap with 10% Buffer
Point to Point
Annual
13% Cap
1-Year Dimensional US Small Cap Value Systematic PTP Cap with 10% Buffer
Point to Point
Annual
15% Cap
6-Year S&P 500 PTP Participation Rate with 20% Buffer
Point to Point
6-Year
101% Participation
6-Year Dimensional US Small Cap Value Systematic PTP Participation Rate with 20% Buffer
Point to Point
6-Year
102% Participation
6-Year Barclays Risk Balanced PTP Participation Rate with 20% Buffer
Point to Point
6-Year
175% Participation
1-Year S&P 500 PTP Cap with -4% Floor
Point to Point
Annual
8.3% Cap
6-Year S&P 500 PTP Participation Rate with 10% Buffer
Point to Point
6-Year
108% Participation
6-Year Barclays Risk Balanced PTP Participation Rate with 10% Buffer
Point to Point
6-Year
200% Participation
1-Year S&P 500 PTP Cap with -10% Floor
Point to Point
Annual
11.4% Cap
1-Year Barclays Risk Balanced PTP Cap with -10% Floor
Point to Point
Annual
40% Cap
1-Year S&P 500 PTP Cap with -9% Floor
Point to Point
Annual
10.85% Cap
1-Year S&P 500 PTP Cap with -8% Floor
Point to Point
Annual
10.35% Cap
1-Year S&P 500 PTP Cap with -7% Floor
Point to Point
Annual
9.8% Cap
1-Year S&P 500 PTP Cap with -6% Floor
Point to Point
Annual
9.35% Cap
1-Year S&P 500 PTP Cap with -5% Floor
Point to Point
Annual
8.9% Cap
1-Year Barclays Risk Balanced PTP Cap with -4% Floor
Point to Point
Annual
15.5% Cap
1-Year S&P 500 PTP Cap with -3% Floor
Point to Point
Annual
7.75% Cap
1-Year S&P 500 PTP Cap with -2% Floor
Point to Point
Annual
7.2% Cap
1-Year S&P 500 PTP Cap with -1% Floor
Point to Point
Annual
6.65% Cap
1-Year S&P 500 PTP Cap with 0% Floor
Point to Point
Annual
6.1% Cap
1-Year Barclays Risk Balanced PTP Cap with -9% Floor
Point to Point
Annual
33% Cap
1-Year Barclays Risk Balanced PTP Cap with -8% Floor
Point to Point
Annual
28% Cap
1-Year Barclays Risk Balanced PTP Cap with -7% Floor
Point to Point
Annual
23.5% Cap
1-Year Barclays Risk Balanced PTP Cap with -6% Floor
Point to Point
Annual
20% Cap
1-Year Barclays Risk Balanced PTP Cap with -5% Floor
Point to Point
Annual
17% Cap

Surrender schedule

Year 1 2 3 4 5 6
Penalty 8% 8% 8% 7% 6% 5%

Riders

No Riders for TruStage ZoneChoice annuity.

Waivers

Death

Return of purchase payment: Surrender charges do not apply.

Hospital

Unavailable in states: MA

You have total access to contract value without surrender charge in certain times of need: If you are confined to a nursing home or hospital for 180 consecutive days after issue. In Pennsylvania, 90 days after issue for nursing home confinement and 30 days for hospital confinement. In California, there is no waiting period for facility care, community-based services or home care. One year wait to exercise in Connecticut.

Nursing Home

Unavailable in states: MA

You have total access to contract value without surrender charge in certain times of need: If you are confined to a nursing home or hospital for 180 consecutive days after issue. In Pennsylvania, 90 days after issue for nursing home confinement and 30 days for hospital confinement. In California, there is no waiting period for facility care, community-based services or home care. One year wait to exercise in Connecticut. The nursing home waiver does not include home health care.

Terminal Illness

You have total access to contract value without surrender charge in certain times of need: If you are diagnosed as terminally ill with a life expectancy of less than one year. In Washington, life expectancy is less than 24 months. One year wait to exercise in Connecticut. In Massachusetts, life expectancy is less than 24 months and must be full contract surrender.

Premium Notes

Issue limits
Minimum payment: $5,000
Maximum payment (without prior approval): $999,999
Please note: New applications less than $2M are automatically approved and do not require completing the $1M+ approval form. However, TruStage contracts, illustrations, and marketing materials will all still say $1M. TruStage reserves the right to review individual cases and lower the approval limit back to $1M at any time.

Issue ages: 21 – 85
Plan types: Traditional IRA, Roth IRA, SEP IRA, Beneficiary IRA, Non-Qualified Beneficiary “stretch”,
Non-Qualified.

Withdrawal Provisions

Withdrawals
Annual free withdrawal amount: 10% of last anniversary value is available to withdraw without surrender charge.

Interest adjustment
The interest adjustment increases or decreases your contract value depending on economic changes since the allocation option start date. The interest adjustment is measured over the allocation option period of six years and is a rolling 6-year period. The interest adjustment applies to distributions taken from the contract at all times other than the allocation option maturity date (every six years).

Equity adjustment
The equity adjustment reflects the value of derivative instruments that hedge market risks associated with the risk control accounts. Contract value is calculated using the equity adjustment on any day other than the first and last day of the interest term. The equity adjustment does not apply to the declared rate account.

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