Retirement Stages Select 7
Retirement Stages Select 7
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
|
4.3%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.25%
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
|
6.75%
Performance triggered
|
1-Year Fixed Account |
Fixed
|
4.55%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.25%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7.85%
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
|
85%
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
|
165%
Participation
|
1-Year Goldman Sachs Canopy PTP Participation Rate with Flex-Lock |
Point to Point
Annual
|
100%
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
|
95%
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
|
185%
Participation
|
1-Year Goldman Sachs Canopy PTP Participation Rate with Flex-Lock |
Point to Point
Annual
|
110%
Participation
|
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
70%
Participation
|
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
75%
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.
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.