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6.00%
10-Year
5.80%

Structured Capital Strategies Plus 21 NY Series B

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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
Term
6 Years
Surrender schedule
7%7%6%5%4%3%
Free withdrawal
10%
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 B is the right product for you.

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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 
  • $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.
 
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

Free Withdrawal Amount
  • Access up to 10% of the beginning-of-contract-year account value free of withdrawal charges. 
  • Prior to the sixth Contract Date Anniversary, any amount withdrawn above the Free Withdrawal Amount during a Contract Year will be withdrawn in the following order: from Contributions (on a first-in, first-out (FIFO) basis) until exhausted; then, from earnings. 
  • On or after the sixth Contract Date Anniversary, any amount withdrawn above the Free Withdrawal Amount during a Contract Year will be withdrawn in the following order: 1) from Contributions to which a withdrawal charge no longer applies (on a FIFO basis) until exhausted, 2) from earnings (which are determined at the time they are deemed withdrawn) until exhausted, 3) from Contributions to which a withdrawal charge still applies (on a FIFO basis). 

Allocation Accounts

Name Type Rates
1-Year Nasdaq-100 Dual Direction Cap 10% Buffer
Dual Directional
Annual
14% Cap
1-Year MSCI EAFE Dual Direction Cap 10% Buffer
Dual Directional
Annual
12% Cap
1-Year Russell 2000 Dual Direction Cap 10% Buffer
Dual Directional
Annual
15.5% Cap
1-Year S&P 500 Dual Direction Cap 10% Buffer
Dual Directional
Annual
11% Cap
6-Year S&P 500 Dual Direction Cap 20% Buffer
Dual Directional
6-Year
80% Cap
6-Year S&P 500 Dual Direction Cap 15% Buffer
Dual Directional
6-Year
100% Cap
6-Year S&P 500 Dual Direction Cap 10% Buffer
Dual Directional
6-Year
300% Cap
6-Year Russell 2000 Annual Lock Cap 10% Buffer
Annual Lock
6-Year
16% Cap
6-Year S&P 500 Annual Lock Cap 10% Buffer
Annual Lock
6-Year
13% Cap
6-Year MSCI EAFE Annual Lock Cap 10% Buffer
Annual Lock
6-Year
19% Cap
6-Year S&P 500 PTP Cap 20% Buffer
Point to Point
6-Year
150% Cap
1-Year S&P 500 PTP Cap 10% Buffer
Point to Point
Annual
14% Cap
1-Year Russell 2000 PTP Cap 10% Buffer
Point to Point
Annual
19% Cap
1-Year EURO STOXX 50 PTP Cap 15% Buffer
Point to Point
Annual
20% Cap
1-Year MSCI Emerging Markets PTP Cap 15% Buffer
Point to Point
Annual
17% Cap
1-Year Nasdaq-100 PTP Cap 15% Buffer
Point to Point
Annual
13.5% Cap
1-Year MSCI EAFE PTP Cap 15% Buffer
Point to Point
Annual
15% Cap
1-Year Russell 2000 PTP Cap 15% Buffer
Point to Point
Annual
15% Cap
6-Year Nasdaq-100 PTP Cap 20% Buffer
Point to Point
6-Year
85% Cap
6-Year MSCI EAFE PTP Cap 20% Buffer
Point to Point
6-Year
650% Cap
6-Year Russell 2000 PTP Cap 20% Buffer
Point to Point
6-Year
80% Cap
1-Year EURO STOXX 50 PTP Cap 10% Buffer
Point to Point
Annual
57.5% Cap
6-Year Nasdaq-100 PTP Cap 15% Buffer
Point to Point
6-Year
90% Cap
6-Year Russell 2000 PTP Cap 15% Buffer
Point to Point
6-Year
100% Cap
1-Year S&P 500 PTP Cap 15% Buffer
Point to Point
Annual
11.5% Cap
6-Year S&P 500 Enhanced Upside 110% Participation Rate with Cap 10% Buffer
Point to Point
6-Year
110% Participation
90% Cap
6-Year S&P 500 Enhanced Upside 110% Participation Rate with Cap 15% Buffer
Point to Point
6-Year
110% Participation
85% Cap
6-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap 10% Buffer
Point to Point
6-Year
125% Participation
75% Cap
6-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap 15% Buffer
Point to Point
6-Year
125% Participation
70% Cap
1-Year MSCI Emerging Markets PTP Cap 10% Buffer
Point to Point
Annual
24% Cap
1-Year Nasdaq-100 PTP Cap 10% Buffer
Point to Point
Annual
17% Cap
1-Year MSCI EAFE PTP Cap 10% Buffer
Point to Point
Annual
20% Cap
6-Year S&P 500 PTP Cap 10% Buffer Uncapped
Point to Point
6-Year
6-Year Russell 2000 PTP Cap 10% Buffer
Point to Point
6-Year
120% 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
100% Cap
6-Year S&P 500 PTP Cap 15% Buffer
Point to Point
6-Year
300% Cap
6-Year MSCI EAFE PTP Cap 15% Buffer
Point to Point
6-Year
700% Cap
1-Year Nasdaq-100 Step Up Segment 10% Buffer
Performance Triggered
Annual
12% Performance triggered
1-Year MSCI EAFE Step Up Segment 10% Buffer
Performance Triggered
Annual
10.5% Performance triggered
1-Year Russell 2000 Step Up Segment 10% Buffer
Performance Triggered
Annual
12.3% Performance triggered
1-Year S&P 500 Step Up Segment 10% Buffer
Performance Triggered
Annual
10% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6
Penalty 7% 7% 6% 5% 4% 3%

Riders

Name Inbuilt Fee
Return of Premium Death Benefit No 0.20% annually

Waivers

Death

The withdrawal charge does not apply if the owner dies and a death benefit is payable to the beneficiary.

Nursing Home

Unavailable in states: MA

The withdrawal charge does not apply if an owner (or older joint owner, if applicable) has been confined to a nursing home for more than 90 days (or such other period, as required in your state) as verified by a licensed physician. A nursing home for this purpose means one that is (a) approved by Medicare as a pro-vider of skilled nursing care service, or (b) licensed as a skilled nursing home by the state or territory in which it is located (it must be within the United States, Puerto Rico, or U.S. Virgin Islands. Home Health Care acceptable as long as you have a physician's letter and 2 of 6 ADL.

Terminal Illness

Unavailable in states: MA

The withdrawal charge does not apply if we receive proof satisfactory to us (including certification by a licensed physician) that an owner’s (or older joint owner’s, if applicable) life expectancy is six months or less.

Disability

Unavailable in states: CT, and MA

The withdrawal charge does not apply if an owner (or older joint owner, if applicable) has qualified to receive Social Security disability benefits as certified by the Social Security Administration.

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