Pinnacle Plus
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Learn how an annuity can provide guaranteed income for life.
The Pinnacle Plus is a single-premium deferred fixed annuity with multiple guarantee periods. It offers a simple, guaranteed way to build retirement assets without the principal risk typically associated with stocks, bonds or mutual funds.
Pinnacle Plus could be a good fit if you are looking for:
Pinnacle Plus could be a good fit if you are looking for:
- Protection of your principal
- A guaranteed, fixed interest rate for the period you select
- Tax-deferred growth until you take withdrawals
When you purchase a Pinnacle Plus contract, you can choose one of four guarantee periods—3, 5, 7, or 10 years—to meet your specific needs, and your interest rate is locked-in for that entire period.
Your money goes to work for you immediately, earning the specified rate for the period you select, regardless of what happens to the stock market or interest rates. As long as you hold your contract for the length of the guarantee period, your principal and the interest you earn are guaranteed.
Issue age
18-85
Premium
Minimum: $25,000 for both qualified and nonqualified money;
Maximum: $1M per owner without prior approval
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 (MVA)
Applies to withdrawals and surrenders greater than the free withdrawal amount; Waived at death
Systematic withdrawals
May be taken annually, semiannually, quarterly or monthly
Your money goes to work for you immediately, earning the specified rate for the period you select, regardless of what happens to the stock market or interest rates. As long as you hold your contract for the length of the guarantee period, your principal and the interest you earn are guaranteed.
Issue age
18-85
Premium
Minimum: $25,000 for both qualified and nonqualified money;
Maximum: $1M per owner without prior approval
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 (MVA)
Applies to withdrawals and surrenders greater than the free withdrawal amount; Waived at death
Systematic withdrawals
May be taken annually, semiannually, quarterly or monthly
- Minimum amount is $100
- Minimum account value of $5,000 must be maintained
Annuitization
- Max annuitization age: 95
- Single-life only; single-life with period certain; joint and survivor life
Death benefit
Greater of account value or surrender value
Greater of account value or surrender value
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.65% |
| 5 years | 4.85% |
| 7 years | 4.75% |
| 10 years | 4.75% |