Eagle Select Focus 7
Highlights
Type
|
Fixed Index |
---|---|
Purpose | Accumulation |
Term
|
7 Years |
Surrender schedule
|
8%8%7%6%5%4%3% |
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
Flexible premium | Product Life |
Market value adjustment
|
|
Return of premium
|
|
Launch date
|
12/14/2018 |
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 Select Focus 7 is the right product for you.
Premium Notes
- 18-85
- 18-75 (inherited non-qualified only)
- Qualified and non-qualified: $5,000
- Inherited non-qualified: $5,000
- Inherited IRA: $100,000 (inherited contracts subject to review)
- Additional premium: $1,000 (Additional money can be sent in whenever (qualified or non-qualified it doesn’t matter). The max contribution would be the max amount for the contract overall. Flexible Premium — Additions do not extend surrender period.)
- 18-69: $1,500,000
- 70-74: $1,000,000
- 75-80: $750,000
- 81-85: $500,000
Withdrawal Provisions
Withdrawals can be made from the annuity contract any time before the maturity date of the contract. Free withdrawals of up to 10% of the contract value are allowed each contract year beginning in year two.
Free withdrawals are not subject to withdrawal charges. Withdrawal charges will apply to withdrawals taken in excess of the free withdrawal amount. Any withdrawal from the contract will result in a reduction of the contract values.
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
4.5%
Fixed
|
2-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate |
Point to Point
Biennial
|
230%
Participation
|
1-Year Franklin Global Trends PTP Participation Rate |
Point to Point
Annual
|
240%
Participation
|
2-Year Franklin Global Trends PTP Participation Rate |
Point to Point
Biennial
|
260%
Participation
|
1-Year Franklin Global Trends PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
2-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate |
Point to Point
Biennial
|
300%
Participation
|
1-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate |
Point to Point
Annual
|
200%
Participation
|
1-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate for Term |
Point to Point
Annual
|
170%
Participation
|
1-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate for Term |
Point to Point
Annual
|
125%
Participation
|
1-Year Invesco Dynamic Growth PTP Participation Rate |
Point to Point
Annual
|
200%
Participation
|
1-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
1-Year Franklin Global Trends PTP Participation Rate for Term |
Point to Point
Annual
|
160%
Participation
|
1-Year Franklin Global Trends PTP Participation Rate for Term |
Point to Point
Annual
|
210%
Participation
|
1-Year Invesco Dynamic Growth PTP Participation Rate for Term |
Point to Point
Annual
|
170%
Participation
|
1-Year Invesco Dynamic Growth PTP Participation Rate for Term |
Point to Point
Annual
|
220%
Participation
|
1-Year S&P 500 Dividend Aristocrats DRC 5% (ER) PTP Participation Rate for Term |
Point to Point
Annual
|
165%
Participation
|
1-Year S&P 500 Dividend Aristocrats DRC 5% (ER) PTP Participation Rate for Term |
Point to Point
Annual
|
225%
Participation
|
2-Year Franklin Global Trends PTP Participation Rate |
Point to Point
Biennial
|
335%
Participation
|
2-Year Invesco Dynamic Growth PTP Participation Rate |
Point to Point
Biennial
|
265%
Participation
|
1-Year Invesco Dynamic Growth PTP Participation Rate |
Point to Point
Annual
|
250%
Participation
|
2-Year Invesco Dynamic Growth PTP Participation Rate |
Point to Point
Biennial
|
350%
Participation
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
65%
Participation
|
1-Year S&P 500 Dividend Aristocrats DRC 5% (ER) PTP Participation Rate |
Point to Point
Annual
|
260%
Participation
|
2-Year S&P 500 Dividend Aristocrats DRC 5% (ER) PTP Participation Rate |
Point to Point
Biennial
|
350%
Participation
|
2-Year S&P 500 Dividend Aristocrats DRC 5% (ER) PTP Participation Rate |
Point to Point
Biennial
|
265%
Participation
|
1-Year S&P 500 Dividend Aristocrats DRC 5% (ER) PTP Participation Rate |
Point to Point
Annual
|
200%
Participation
|
5-Year S&P 500 PTP Cap |
Point to Point
5-Year
|
42%
Cap
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
51%
Participation
|
2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
17%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
1-Year S&P 500 PTP Cap for Term |
Point to Point
Annual
|
6.5%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|---|---|---|---|---|---|---|
Penalty | 8% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
No Riders for Eagle Select Focus 7 annuity.
Waivers
Death
No surrender charges at death
Nursing Home
Unavailable in states: CA, and DE
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. This no-fee rider is automatically included for ages 75 and under.
Terminal Illness
Unavailable in states: CA
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. This no-fee rider is automatically included for ages 75 and under.
Confinement
Unavailable in states: AL, AK, AZ, AR, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VI, VA, WA, WV, WI, and WY
Included automatically at issue for all ages. After the first contract year, one additional penalty-free withdrawal of up to 100% of the contract value is allowed if the annuitant is confined in a qualified care facility for a minimum of 90 consecutive days (30 consecutive days for hospice). Confinement must begin after the first contract year and written proof is required from both the qualified care facility and recommending physician.
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