TruStage ZoneChoice Income with IncomeGrowth Protection
TruStage ZoneChoice Income with IncomeGrowth Protection
About Product
- Guaranteed income for life
- Potential for income growth before, and even after, income start
- Two income benefit options, each with additional layers of flexibility
- Income rates based on the older spouse,* providing an unique opportunity to maximize your guaranteed income faster
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
| 1-Year Barclays Risk Balanced PTP Cap with -2% Floor |
Point to Point
Annual
|
16.45%
Cap
|
| 1-Year Dimensional US Small PTP Cap with -4% Floor |
Point to Point
Annual
|
10.55%
Cap
|
| 1-Year Dimensional US Small PTP Cap with -3% Floor |
Point to Point
Annual
|
9.45%
Cap
|
| 1-Year Dimensional US Small PTP Cap with -2% Floor |
Point to Point
Annual
|
8.35%
Cap
|
| 1-Year Dimensional US Small PTP Cap with -1% Floor |
Point to Point
Annual
|
7.3%
Cap
|
| 1-Year Dimensional US Small PTP Cap with 0% Floor |
Point to Point
Annual
|
6.25%
Cap
|
| 1-Year Barclays Risk Balanced PTP Cap with 0% Floor |
Point to Point
Annual
|
12.25%
Cap
|
| 1-Year Barclays Risk Balanced PTP Cap with -1% Floor |
Point to Point
Annual
|
14.05%
Cap
|
| 1-Year Dimensional US Small PTP Cap with -5% Floor |
Point to Point
Annual
|
11.65%
Cap
|
| 1-Year Barclays Risk Balanced PTP Cap with -3% Floor |
Point to Point
Annual
|
19.2%
Cap
|
| 1-Year Barclays Risk Balanced PTP Cap with -4% Floor |
Point to Point
Annual
|
23.55%
Cap
|
| 1-Year Barclays Risk Balanced PTP Cap with -5% Floor |
Point to Point
Annual
|
26.65%
Cap
|
| 1-Year Barclays Risk Balanced PTP Cap with -6% Floor |
Point to Point
Annual
|
31.35%
Cap
|
| 1-Year Barclays Risk Balanced PTP Cap with -7% Floor |
Point to Point
Annual
|
36%
Cap
|
| 1-Year Barclays Risk Balanced PTP Cap with -8% Floor |
Point to Point
Annual
|
40.65%
Cap
|
| 1-Year Barclays Risk Balanced PTP Cap with -9% Floor |
Point to Point
Annual
|
45.35%
Cap
|
| 1-Year Barclays Risk Balanced PTP Cap with -10% Floor |
Point to Point
Annual
|
50%
Cap
|
| 1-Year Dimensional US Small PTP Cap with -6% Floor |
Point to Point
Annual
|
12.8%
Cap
|
| 1-Year Dimensional US Small PTP Cap with -7% Floor |
Point to Point
Annual
|
13.95%
Cap
|
| 1-Year Dimensional US Small PTP Cap with -8% Floor |
Point to Point
Annual
|
15.2%
Cap
|
| 1-Year Dimensional US Small PTP Cap with -9% Floor |
Point to Point
Annual
|
16.4%
Cap
|
| 1-Year Dimensional US Small PTP Cap with -10% Floor |
Point to Point
Annual
|
17.75%
Cap
|
| 1-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Annual
|
11.5%
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
|
10.3%
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
|
9.25%
Cap
|
| 1-Year S&P 500 PTP Cap with -5% Floor |
Point to Point
Annual
|
8.8%
Cap
|
| 1-Year S&P 500 PTP Cap with -4% Floor |
Point to Point
Annual
|
8.2%
Cap
|
| 1-Year S&P 500 PTP Cap with -3% Floor |
Point to Point
Annual
|
7.65%
Cap
|
| 1-Year S&P 500 PTP Cap with -2% Floor |
Point to Point
Annual
|
7.1%
Cap
|
| 1-Year S&P 500 PTP Cap with -1% Floor |
Point to Point
Annual
|
6.55%
Cap
|
| 1-Year S&P 500 PTP Cap with 0% Floor |
Point to Point
Annual
|
6%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 8% | 7% | 6% | 5% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| IncomeGrowth Protection Rider | Yes | 1.50% annually |
Waivers
Hospital
You have total access to contract value without surrender charge or MVA if you are confined to a nursing home or hospital for more than 90 consecutive days after issue. In California, there is no waiting period for facility care, community-based services or home care.
Nursing Home
You have total access to contract value without surrender charge or MVA if you are confined to a nursing home or hospital for more than 90 consecutive days after issue. In California, there is no waiting period for facility care, community-based services or home care.
RMD
RMDs that are withdrawn under the automatic withdrawal program will not be assessed a surrender charge or MVA.
Withdrawal Provisions
Annual free withdrawal amount 10% of the beginning-of-year contract value is available to withdraw without surrender charge or MVA for each of the first six contract years. Thereafter, 20% of the beginning-of-year contract value is available to withdraw without MVA each contract year. Surrender charges Surrender charges may apply to amounts withdrawn or surrendered in excess of the annual free withdrawal amount. The surrender charge is expressed as a percentage of the amount surrendered or withdrawn and varies by contract year as follows: 8%, 8%, 8%, 7%, 6%, 5%, 0%. Market value adjustment (MVA) The MVA may apply to amounts withdrawn or surrendered in excess of the annual free withdrawal amount. It may increase or decrease the amount withdrawn or surrendered depending on how economic conditions have changed since the start of the six-year rolling period that begins on the contract issue date. The MVA does not apply to income benefit payments, death benefit proceeds, amounts applied to an income payout option, transfers (including flex transfers), and withdrawals or surrenders within 30 days after each sixth contract anniversary. Interim value Any disbursements or transfers of contract value from the risk control accounts on any day other than the first and last business day of the interest term will be calculated using the interim value. The interim value reflects the value of derivative instruments that hedge market risks associated with the risk control accounts and may reflect a positive or a negative return.
- A.M. Best A
- S&P A+
- Moody's A2
- Comdex 81
