Eagle Guaranteed Flex 5
Highlights
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
|
5 Years |
|
Surrender schedule
|
8%8%7%6%5% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
| Flexible premium | Product Life |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
09/20/2023 |
|
Minimum contribution
|
$5,000 |
|
Maximum contribution
|
$1,500,000 |
|
Max Age Qualified
|
85 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA |
Brochure
|
Open brochure |
Find out if the Eagle Guaranteed Flex 5 is the right product for you.
Premium Notes
Qualified and non-qualified: $5,000
Inherited non-qualified: $5,000
Inherited IRA: $100,000 (inherited contracts subject to review)
Additional premium: $1,000
Maximum premium
18-69: $1,500,000
70-74: $1,000,000
75-80: $750,000
81-85: $500,000
Issue age
18-85
18-75 (inherited non-qualified only)
Withdrawal Provisions
Free withdrawals up to 10% of contract value annually, starting Year Two. Systematic withdrawals from fixed interest strategy available immediately. Required Minimum Distributions (RMDs) available year one, once a new calendar year is reached.
Market Value Adjustment (MVA)
This product includes a Market Value Adjustment (MVA). An MVA may increase or decrease the amount of a withdrawal in excess of the free withdrawal amount or the surrender value. The MVA does not apply to free withdrawals, any death benefit, the MGSV or any distributions occurring after the surrender charge period has ended.
In general, as the MVA Index increases, cash surrender values decrease. As the MVA Index decreases, cash surrender values increase. The maximum MVA (up or down) equals the lesser of the contract value minus the unadjusted surrender value of the contract or the unadjusted surrender value of the contract minus the MGSV.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.3%
Fixed
|
| 5-Year Fixed Account |
Fixed
|
4.15%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year Invesco Dynamic Growth PTP Participation Rate |
Point to Point
Annual
|
200%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
6.75%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% |
Riders
No Riders for Eagle Guaranteed Flex 5 annuity.
Waivers
Death
No surrender charges at death.
Nursing Home
This no-fee rider is automatically included for ages 75 and under. After the first contract year, one additional free withdrawal of up to 100% of the contract value is allowed if the owner is confined in a qualified care facility for a minimum of 90 days. Confinement must begin after the contract issue date and written proof is required from both the qualified care facility and recommending physician.
Terminal Illness
This no-fee rider is automatically included for ages 75 and under. After the first contract year, one additional free withdrawal of up to 100% of the contract value is allowed if the owner is diagnosed with a terminal illness. Diagnosis must occur after the contract is issued and written proof with supporting documentation is required from a qualified physician.
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