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Best Guaranteed Annuity Rates
2-Year
5.55%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Retirement Stages Select 7

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Highlights

Retirement Stages Select is a fixed index annuity that offers growth potential and principal protection to help you reach your retirement goals. 
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 
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
Type
Fixed Index
Purpose Accumulation
Term
7 Years
Surrender schedule
8%7%6%5%4%3%2%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Flexible premium Product Life
Market value adjustment
Return of premium
Launch date
04/24/2023
Minimum contribution
$25,000
Maximum contribution
$1,000,000
Max Age Qualified
85
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and 1035 Exchange
Brochure
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Find out if the Retirement Stages Select 7 is the right product for you.

Premium Notes

Issue ages
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

Free withdrawal amount
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.

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.85% 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
50% Participation
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
160% Participation
1-Year Morgan Stanley Global Opportunities PTP Participation Rate
Point to Point
Annual
150% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate
Point to Point
Annual
175% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
7.75% Performance triggered
1-Year Fixed Account
Fixed
5.1% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
11% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
55% Participation
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
170% Participation
1-Year Morgan Stanley Global Opportunities PTP Participation Rate
Point to Point
Annual
160% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate
Point to Point
Annual
185% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
8.5% 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
90% Participation
1-Year Franklin SG Select PTP Participation Rate with 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 First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit with Flex-Lock
Point to Point with Volatility Limit
Annual
100% Participation
1-Year Franklin SG Select PTP Participation Rate with Boost and Knockout with Flex-Lock
Point to Point with Boost and Knockout
Annual
190% Participation
1-Year Goldman Sachs Canopy PTP Participation Rate with Flex-Lock
Point to Point
Annual
115% Participation

Surrender schedule

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

Riders

No Riders for Retirement Stages Select 7 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.

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