Structured Capital Strategies Plus 21 NY Series ADV
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Highlights
Structured Capital Strategies PLUS offers you a way to save for retirement with a straightforward path through the ups and downs of the investment world, so that you can retire with confidence knowing your money is protected from market downturns up to -20%. Because you have your own goals, needs and appetite for risk, this retirement strategy gives you flexibility to make choices that reflect the realities of your life and the world around you.
Available in states:
NY
|
Type
|
Registered Index-Linked |
|---|---|
| Purpose | Accumulation & Legacy |
|
Surrender schedule
|
No Surrender Charge |
|
Free withdrawal
|
100% |
| Flexible premium | Product Life |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
10/27/2022 |
|
Minimum contribution
|
$25,000 |
|
Maximum contribution
|
$1,500,000 |
|
Max Age Qualified
|
75 |
|
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 Structured Capital Strategies Plus 21 NY Series ADV is the right product for you.
Premium Notes
Issue ages
- 0–85 for Nonqualified, Roth IRA, Traditional IRA, Inherited IRA, NQ and SEP IRA Funds.
- Ages 20–75 for Qualified Plans.
Ages 0–18 are available under a custodial agreement under the Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA). May vary in some states.
Initial minimum contribution
Initial minimum contribution
- $25,000
Subsequent minimum contribution
- Nonqualified Funds & Qualified Plans: $500
- Roth IRA & Traditional IRA: $50
Additional premiums accepted as both, Lump Sum or Periodic payments.
No additional contributions after the date on which the older of the original Owner(s) and Annuitant(s) reaches age 86 or, if later, the first contract date anniversary.
There is no minimum requirement for transfers into a Segment or for contributions/ transfers to a Segment Type Holding Account.
No additional contributions after the date on which the older of the original Owner(s) and Annuitant(s) reaches age 86 or, if later, the first contract date anniversary.
There is no minimum requirement for transfers into a Segment or for contributions/ transfers to a Segment Type Holding Account.
Maximum contribution
- $1.5 million
Higher contributions require prior approval. Maximum contribution through age 85 (or if later, the first contract date anniversary).
Withdrawal Provisions
Withdrawals from a Segment
Withdrawals prior to the Segment Maturity Date reduce the Segment Investment on a pro rata basis by the same proportion that the Segment Interim Value is reduced on the date of the withdrawal.
Systematic Withdrawal Program
Withdrawals prior to the Segment Maturity Date reduce the Segment Investment on a pro rata basis by the same proportion that the Segment Interim Value is reduced on the date of the withdrawal.
Systematic Withdrawal Program
- Standard systematic withdrawal service program to allow specified percentage or dollar amount withdrawals.
- Frequency: withdrawals may be taken monthly, quarterly or annually.
Withdrawal Charge
None.
None.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 6-Year S&P 500 Dual Direction Cap 10% Buffer |
Dual Directional
6-Year
|
800%
Cap
|
| 6-Year S&P 500 Dual Direction Cap 15% Buffer |
Dual Directional
6-Year
|
550%
Cap
|
| 6-Year S&P 500 Dual Direction Cap 20% Buffer |
Dual Directional
6-Year
|
250%
Cap
|
| 1-Year S&P 500 Dual Direction Cap 10% Buffer |
Dual Directional
Annual
|
13%
Cap
|
| 1-Year Russell 2000 Dual Direction Cap 10% Buffer |
Dual Directional
Annual
|
17.5%
Cap
|
| 1-Year MSCI EAFE Dual Direction Cap 10% Buffer |
Dual Directional
Annual
|
20%
Cap
|
| 1-Year Nasdaq-100 Dual Direction Cap 10% Buffer |
Dual Directional
Annual
|
16.5%
Cap
|
| 6-Year Russell 2000 Annual Lock Cap 10% Buffer |
Annual Lock
6-Year
|
20.5%
Cap
|
| 6-Year S&P 500 Annual Lock Cap 10% Buffer |
Annual Lock
6-Year
|
20%
Cap
|
| 6-Year MSCI EAFE Annual Lock Cap 10% Buffer |
Annual Lock
6-Year
|
26%
Cap
|
| 1-Year Russell 2000 PTP Cap 15% Buffer |
Point to Point
Annual
|
18.5%
Cap
|
| 1-Year MSCI EAFE PTP Cap 15% Buffer |
Point to Point
Annual
|
23%
Cap
|
| 1-Year Nasdaq-100 PTP Cap 15% Buffer |
Point to Point
Annual
|
15.5%
Cap
|
| 1-Year MSCI Emerging Markets PTP Cap 15% Buffer |
Point to Point
Annual
|
22.5%
Cap
|
| 6-Year S&P 500 PTP Cap 10% Buffer Uncapped |
Point to Point
6-Year
|
|
| 1-Year EURO STOXX 50 PTP Cap 15% Buffer |
Point to Point
Annual
|
64.5%
Cap
|
| 6-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap 15% Buffer |
Point to Point
6-Year
|
125%
Participation
100%
Cap
|
| 6-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap 10% Buffer |
Point to Point
6-Year
|
125%
Participation
125%
Cap
|
| 6-Year S&P 500 Enhanced Upside 110% Participation Rate with Cap 15% Buffer |
Point to Point
6-Year
|
110%
Participation
190%
Cap
|
| 6-Year S&P 500 Enhanced Upside 110% Participation Rate with Cap 10% Buffer |
Point to Point
6-Year
|
110%
Participation
275%
Cap
|
| 1-Year EURO STOXX 50 PTP Cap 10% Buffer |
Point to Point
Annual
|
123.5%
Cap
|
| 6-Year Russell 2000 PTP Cap 10% Buffer |
Point to Point
6-Year
|
275%
Cap
|
| 6-Year MSCI EAFE PTP Cap 10% Buffer Uncapped |
Point to Point
6-Year
|
|
| 6-Year Nasdaq-100 PTP Cap 10% Buffer |
Point to Point
6-Year
|
225%
Cap
|
| 6-Year S&P 500 PTP Cap 15% Buffer |
Point to Point
6-Year
|
800%
Cap
|
| 6-Year Russell 2000 PTP Cap 15% Buffer |
Point to Point
6-Year
|
215%
Cap
|
| 6-Year MSCI EAFE PTP Cap 15% Buffer |
Point to Point
6-Year
|
900%
Cap
|
| 6-Year Nasdaq-100 PTP Cap 15% Buffer |
Point to Point
6-Year
|
180%
Cap
|
| 6-Year S&P 500 PTP Cap 20% Buffer |
Point to Point
6-Year
|
600%
Cap
|
| 6-Year Russell 2000 PTP Cap 20% Buffer |
Point to Point
6-Year
|
155%
Cap
|
| 6-Year MSCI EAFE PTP Cap 20% Buffer |
Point to Point
6-Year
|
700%
Cap
|
| 6-Year Nasdaq-100 PTP Cap 20% Buffer |
Point to Point
6-Year
|
140%
Cap
|
| 1-Year S&P 500 PTP Cap 10% Buffer |
Point to Point
Annual
|
16%
Cap
|
| 1-Year Russell 2000 PTP Cap 10% Buffer |
Point to Point
Annual
|
23%
Cap
|
| 1-Year MSCI EAFE PTP Cap 10% Buffer |
Point to Point
Annual
|
30%
Cap
|
| 1-Year Nasdaq-100 PTP Cap 10% Buffer |
Point to Point
Annual
|
20%
Cap
|
| 1-Year MSCI Emerging Markets PTP Cap 10% Buffer |
Point to Point
Annual
|
35%
Cap
|
| 1-Year S&P 500 PTP Cap 15% Buffer |
Point to Point
Annual
|
13.5%
Cap
|
| 1-Year Russell 2000 Step Up Segment 10% Buffer |
Performance Triggered
Annual
|
13.5%
Performance triggered
|
| 1-Year MSCI EAFE Step Up Segment 10% Buffer |
Performance Triggered
Annual
|
11.5%
Performance triggered
|
| 1-Year Nasdaq-100 Step Up Segment 10% Buffer |
Performance Triggered
Annual
|
13%
Performance triggered
|
| 1-Year S&P 500 Step Up Segment 10% Buffer |
Performance Triggered
Annual
|
10.5%
Performance triggered
|
Surrender schedule
| Year |
|---|
| Penalty |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Return of Premium Death Benefit | No | 0.20% annually |
Waivers
No Waivers for Structured Capital Strategies Plus 21 NY Series ADV annuity.
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