Retirement Stages Select 5
The Retirement Stages Select 5 Annuity is a true friend for all retirees. With its exceptional security and guaranteed income, you'll feel a sense of relief knowing your finances are secure during your golden years.
Benefits highlighted in the product brochure include protection from market downturns and regular, reliable income for life. These make Retirement Stages Select 5 a solid choice for your future planning!
Retirement Stages Select 5
Ratings:
- A.M. Best A-
- Fitch A-
- S&P BBB+
- Comdex 55
About Product
Retirement Stages Select may be a good fit if:
- You are at or nearing retirement
- You are seeking downside protection for money you can’t afford to lose
- You are looking for opportunities to grow your nest egg without putting it at risk
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.25%
Fixed
|
| 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
|
35%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
6.5%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4.5%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7.75%
Performance triggered
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit with Flex-Lock |
Point to Point with Volatility Limit
Annual
|
80%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with 2% Boost and Knockout with Flex-Lock |
Point to Point with Boost and Knockout
Annual
|
155%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate with Flex-Lock |
Point to Point
Annual
|
95%
Participation
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit with Flex-Lock |
Point to Point with Volatility Limit
Annual
|
90%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with 2% Boost and Knockout with Flex-Lock |
Point to Point with Boost and Knockout
Annual
|
175%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate with Flex-Lock |
Point to Point
Annual
|
105%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
70%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for Retirement Stages Select 5 annuity.
Waivers
Bail-Out
You may make a full or one-time partial withdrawal from your annuity without a surrender charge or MVA if the renewal cap rate for the S&P 500 1-year point-topoint with cap index strategy falls below the bailout cap rate.
Death
Market value adjustment waived at death.
Nursing Home
Unavailable in states: CA
After a period of one year, you may withdraw money from your annuity without a surrender charge to pay for an eligible nursing home. Contract must be purchased prior to owner’s attained age of 76 for the nursing home waiver.
Terminal Illness
Unavailable in states: CA
After a period of one year, you may withdraw money from your annuity without a surrender charge to pay for an eligible hospice care.
Premium Notes
18-85
Premium
- Minimum initial premium payment: $25,000 for both qualified and nonqualified money; Flexible premium deferred annuity
- Subsequent payments: Minimum: $500; Maximum total premium cannot exceed $1M without prior approval.
- Subsequent payments not permitted after any owner/annuitant has attained age 85
Withdrawal Provisions
After the first contract year, you may take up to 10% of the last contract anniversary value or a Required Minimum Distribution (RMD), if greater, without a surrender charge or MVA
Market value adjustment
Applies to withdrawals and surrenders greater than the free withdrawal amount; Waived at death.
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