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PrimeStart Bonus 10
The PrimeStart Bonus 10 annuity is a great choice for those planning for a secure future! Enjoy vast growth potential with bonus credits on initial payments, offering a certain boost to your retirement savings.
With features like lifetime income payments and no market downside risk, it gives you peace of mind and assures your golden years are filled with comfort. Hungrily recommended!
PrimeStart Bonus 10
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About Product
Type
Fixed Index
Purpose
Accumulation
Premium Bonus
14%
Term
10 Years
Surrender schedule
9%
8%
7.25%
6.5%
5.5%
4.75%
3.75%
3%
2%
1%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, Traditional IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, and Roth Conversion (Full)
Launch Date
03/18/2024
PrimeStart Bonus 10 fixed index annuity is a flexible premium insurance product featuring a premium bonus. It combines growth potential—earn interest based on the performance of a specific market index, or a combination of indexes—with protection from market downturns.
Lowest Starting Index Value
This is a no cost feature that has the potential to increase both the size and likelihood of an interest credit for money allocated to an Index Account option. The initial starting index value is set using the lowest index value following the first 90 days of your contract issue date. This feature applies to any Index Account option your initial premium is allocated to. It does not apply to any subsequent terms following the first contract year.
Precision Portfolios
You also have access to two turnkey, diversified multi-index portfolios called Precision Portfolios. They are constructed using set percentage allocations to the individual index strategies we offer from S&P, Goldman Sachs, Franklin Templeton, and First Trust, coupled with an allocation to the fixed account. They are designed to give you a tailored way to help meet your your retirement savings goals.
Please note that you may only select one Precision Portfolio to allocate 100% of your premium payment. Precision Portfolios are only available at contract issue, and the allocation percentages will not change over time. If you select a Precision Portfolio allocation at contract issue, any additional premium payment you make will be allocated to the Fixed Account. At renewal, you can transfer the entire amount to the same Precision Portfolio allocation previously elected or keep it in the Fixed Account. Clients may reallocate out of a Precision Portfolio on any contract anniversary.
Precision Core
S&P 500 1-year Point-to-Point with Cap: 20%
S&P 500 1-year Performance Trigger: 10%
S&P 500 Dynamic Intraday TCA Index: 10%
Nasdaq-100 Intraday Elite 15%: 10%
Goldman Sachs Canopy Index: 15%
First Trust Capital Strength Barclays 10% Index: 10%
Franklin SG Select Index: 10%
Fixed Account: 15%
Precision Edge
S&P 500 1-year Point-to-Point with Cap: 25%
S&P 500 1-year Performance Trigger: 5%
S&P 500 Dynamic Intraday TCA Index: 10%
Nasdaq-100 Intraday Elite 15%: 10%
Goldman Sachs Canopy Index: 15%
First Trust Capital Strength Barclays 10% Index: 15%
Franklin SG Select Index: 15%
Fixed Account: 5%
Lowest Starting Index Value
This is a no cost feature that has the potential to increase both the size and likelihood of an interest credit for money allocated to an Index Account option. The initial starting index value is set using the lowest index value following the first 90 days of your contract issue date. This feature applies to any Index Account option your initial premium is allocated to. It does not apply to any subsequent terms following the first contract year.
Precision Portfolios
You also have access to two turnkey, diversified multi-index portfolios called Precision Portfolios. They are constructed using set percentage allocations to the individual index strategies we offer from S&P, Goldman Sachs, Franklin Templeton, and First Trust, coupled with an allocation to the fixed account. They are designed to give you a tailored way to help meet your your retirement savings goals.
Please note that you may only select one Precision Portfolio to allocate 100% of your premium payment. Precision Portfolios are only available at contract issue, and the allocation percentages will not change over time. If you select a Precision Portfolio allocation at contract issue, any additional premium payment you make will be allocated to the Fixed Account. At renewal, you can transfer the entire amount to the same Precision Portfolio allocation previously elected or keep it in the Fixed Account. Clients may reallocate out of a Precision Portfolio on any contract anniversary.
Precision Core
S&P 500 1-year Point-to-Point with Cap: 20%
S&P 500 1-year Performance Trigger: 10%
S&P 500 Dynamic Intraday TCA Index: 10%
Nasdaq-100 Intraday Elite 15%: 10%
Goldman Sachs Canopy Index: 15%
First Trust Capital Strength Barclays 10% Index: 10%
Franklin SG Select Index: 10%
Fixed Account: 15%
Precision Edge
S&P 500 1-year Point-to-Point with Cap: 25%
S&P 500 1-year Performance Trigger: 5%
S&P 500 Dynamic Intraday TCA Index: 10%
Nasdaq-100 Intraday Elite 15%: 10%
Goldman Sachs Canopy Index: 15%
First Trust Capital Strength Barclays 10% Index: 15%
Franklin SG Select Index: 15%
Fixed Account: 5%
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, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit |
Point to Point with Volatility Limit
Annual
|
65%
Participation
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Enhanced Participation Rate with Volatility Limit |
Point to Point with Volatility Limit
Annual
|
85%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with 2% Boost and Knockout |
Point to Point with Boost and Knockout
Annual
|
120%
Participation
|
| 1-Year Franklin SG Select PTP Enhanced Participation Rate with 2% Boost and Knockout |
Point to Point with Boost and Knockout
Annual
|
160%
Participation
|
| 1-Year Fixed Account |
Fixed
|
2.85%
Fixed
|
| 1-Year S&P 500 PTP Enhanced Cap |
Point to Point
Annual
|
6.9%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
35%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5%
Cap
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Enhanced Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4%
Performance triggered
|
| 1-Year S&P 500 Enhanced Performance Triggered |
Performance Triggered
Annual
|
5.25%
Performance triggered
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Enhanced Participation Rate with Volatility Limit |
Point to Point with Volatility Limit
Annual
|
90%
Participation
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit |
Point to Point with Volatility Limit
Annual
|
70%
Participation
|
| 1-Year Franklin SG Select PTP Enhanced Participation Rate with 2% Boost and Knockout |
Point to Point with Boost and Knockout
Annual
|
170%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with 2% Boost and Knockout |
Point to Point with Boost and Knockout
Annual
|
130%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3.1%
Fixed
|
| 1-Year Goldman Sachs Canopy PTP Enhanced Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
| 1-Year S&P 500 PTP Enhanced Cap |
Point to Point
Annual
|
8.15%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 1-Year S&P 500 Enhanced Performance Triggered |
Performance Triggered
Annual
|
6%
Performance triggered
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4.75%
Performance triggered
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Enhanced Participation Rate |
Point to Point
Annual
|
59%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
46%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
52%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Enhanced Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year Nasdaq-100 Intraday Elite 15% PTP Enhanced Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year Nasdaq-100 Intraday Elite 15% PTP Participation Rate |
Point to Point
Annual
|
44%
Participation
|
| 1-Year Nasdaq-100 Intraday Elite 15% PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year Nasdaq-100 Intraday Elite 15% PTP Enhanced Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year S&P 500 PTP Cap with Precision Portfolio Election |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year S&P 500 PTP Enhanced Cap with Precision Portfolio Election |
Point to Point
Annual
|
8.4%
Cap
|
| 1-Year S&P 500 PTP Cap with Precision Portfolio Election |
Point to Point
Annual
|
7.5%
Cap
|
| 1-Year S&P 500 PTP Enhanced Cap with Precision Portfolio Election |
Point to Point
Annual
|
9.65%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for PrimeStart Bonus 10 annuity.
Waivers
Death
Withdrawal Charges and MVA do not apply to death benefit payments.
Nursing Home
You may take a one-time withdrawal from your annuity, after the first contract anniversary, without a surrender charge if you are confined to a hospital or nursing facility for at least 90 days, as long as the contract is purchased before your 76th birthday.
Terminal Illness
After a period of one year, you may take a one-time withdrawal from your annuity without a surrender charge to pay for hospice care.
Annuitization
Withdrawal Charges and MVA do not apply to the entire Account Value that is applied to an annuitization Settlement Option.
Premium Notes
A minimum premium payment of $25,000 is required for both qualified and non‐qualified contracts. Premium exceeding $1,000,000 will require prior Company approval. Any owner(s) and/or annuitant(s) must be between the ages of 18 and 80 as of the date you sign the application.
Subsequent payments not permitted after any owner/annuitant has attained age 85.
Subsequent payments not permitted after any owner/annuitant has attained age 85.
Withdrawal Provisions
Free withdrawal amount10% of the total premium payments during the first contract year; Greater of 10% of the last contract anniversary value or required minimum distribution (RMD) amount, if any, in the contract years thereafter. Market value adjustment Applies to withdrawals and surrenders greater than the free withdrawal amount. Waived at death.
Company Founded: 2013
Excellent Rated
Company
Company Ratings
4
- A.M. Best A-
- Fitch A-
- S&P A-
- Comdex 56
Assets: $28,363,054,818
Delaware
