Structured Capital Strategies Income Series ADV
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Highlights
Structured Capital Strategies Income is a variable and index-linked deferred annuity contract. The contract offers several payout options and an optional death benefit. You invest to accumulate value on a tax-deferred basis in one variable investment option, in one or more of the Segments comprising the Structured Investment Option or in our Dollar Cap Averaging Program.
Available in states:
AK, AZ, AR, CO, CT, DE, DC, FL, GA, IL, IN, IA, KS, KY, LA, ME, MA, MI, MN, MS, MT, NE, NV, NH, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, VT, VI, WA, WV, WI, and WY
|
Type
|
Registered Index-Linked |
|---|---|
| Purpose | Lifetime Income |
|
Surrender schedule
|
No Surrender Charge |
|
Free withdrawal
|
100% |
| Flexible premium | Product Life |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
11/30/2021 |
|
Minimum contribution
|
$25,000 |
|
Maximum contribution
|
$1,500,000 |
|
Max Age Qualified
|
75 |
|
Types of funds
|
Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 457 plan, and 1035 Exchange |
Brochure
|
Open brochure |
Find out if the Structured Capital Strategies Income Series ADV is the right product for you.
Premium Notes
Issue ages
- 45–80 for Nonqualified, Roth IRA, Traditional IRA and SEP IRA Funds.
- 45–75 for Qualified Plans
Contribution amounts
- NQ. $25,000 (initial) / $500 (subsequent) minimum contribution amounts
- Traditional or Roth IRA. $25,000 (initial) / $50 (subsequent) minimum contribution amounts
- QP (defined contribution or defined benefit). $25,000 (initial) / $500 (subsequent) minimum contribution amounts
- SEP IRA. $25,000 (initial) / $500 (subsequent) minimum contribution amounts
Additional premiums accepted as both, Lump Sum or Periodic payments.
No subsequent contributions are allowed once a withdrawal is made under the contract, including an automatic or systematic withdrawal, a required minimum distribution, a withdrawal under the GLWB rider, or a withdrawal to pay advisory fees under a Series ADV contract.
No subsequent contributions are allowed once a withdrawal is made under the contract, including an automatic or systematic withdrawal, a required minimum distribution, a withdrawal under the GLWB rider, or a withdrawal to pay advisory fees under a Series ADV contract.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 3-Year S&P 500 Loss Limiter 95 Cap with 10% Buffer |
Loss Limiter 95
Triennial
|
30%
Cap
|
| 1-Year S&P 500 Loss Limiter 90 Cap with 10% Buffer |
Loss Limiter 90
Annual
|
11.5%
Cap
|
| 1-Year S&P 500 Dual Step Up Segment with 10% Buffer |
Dual Step Up
Annual
|
8.5%
Performance triggered
|
| 1-Year S&P 500 Dual Step Up Segment with 15% Buffer |
Dual Step Up
Annual
|
7.3%
Performance triggered
|
| 1-Year Russell 2000 Dual Step Up Segment with 10% Buffer |
Dual Step Up
Annual
|
10.8%
Performance triggered
|
| 1-Year Russell 2000 Dual Step Up Segment with 15% Buffer |
Dual Step Up
Annual
|
9%
Performance triggered
|
| 1-Year MSCI EAFE Dual Step Up Segment with 10% Buffer |
Dual Step Up
Annual
|
8.5%
Performance triggered
|
| 1-Year MSCI EAFE Dual Step Up Segment with 15% Buffer |
Dual Step Up
Annual
|
7.5%
Performance triggered
|
| 1-Year Nasdaq-100 Dual Step Up Segment with 10% Buffer |
Dual Step Up
Annual
|
10.5%
Performance triggered
|
| 1-Year Nasdaq-100 Dual Step Up Segment with 15% Buffer |
Dual Step Up
Annual
|
8.8%
Performance triggered
|
| 3-Year MSCI EAFE Dual Direction Cap with 10% Buffer |
Dual Directional
Triennial
|
700%
Cap
|
| 3-Year Russell 2000 Dual Direction Cap with 10% Buffer |
Dual Directional
Triennial
|
85%
Cap
|
| 3-Year S&P 500 Dual Direction Cap with 10% Buffer |
Dual Directional
Triennial
|
190%
Cap
|
| 1-Year Nasdaq-100 Dual Direction Cap with 10% Buffer |
Dual Directional
Annual
|
16.5%
Cap
|
| 1-Year MSCI EAFE Dual Direction Cap with 10% Buffer |
Dual Directional
Annual
|
20%
Cap
|
| 1-Year Russell 2000 Dual Direction Cap with 10% Buffer |
Dual Directional
Annual
|
17.5%
Cap
|
| 1-Year S&P 500 Dual Direction Cap with 10% Buffer |
Dual Directional
Annual
|
13%
Cap
|
| 3-Year Nasdaq-100 Dual Direction Cap with 10% Buffer |
Dual Directional
Triennial
|
75%
Cap
|
| 3-Year S&P 500 Dual Direction Cap with 15% Buffer |
Dual Directional
Triennial
|
60%
Cap
|
| 3-Year Russell 2000 Dual Direction Cap with 15% Buffer |
Dual Directional
Triennial
|
55%
Cap
|
| 3-Year MSCI EAFE Dual Direction Cap with 15% Buffer |
Dual Directional
Triennial
|
350%
Cap
|
| 3-Year Nasdaq-100 Dual Direction Cap with 15% Buffer |
Dual Directional
Triennial
|
45%
Cap
|
| 1-Year S&P 500 Dual Direction Cap with 15% Buffer |
Dual Directional
Annual
|
9.5%
Cap
|
| 1-Year Russell 2000 Dual Direction Cap with 15% Buffer |
Dual Directional
Annual
|
12.5%
Cap
|
| 1-Year MSCI EAFE Dual Direction Cap with 15% Buffer |
Dual Directional
Annual
|
8.5%
Cap
|
| 1-Year Nasdaq-100 Dual Direction Cap with 15% Buffer |
Dual Directional
Annual
|
12%
Cap
|
| 3-Year S&P 500 Dual Direction Cap with 20% Buffer |
Dual Directional
Triennial
|
35%
Cap
|
| 3-Year Russell 2000 Dual Direction Cap with 20% Buffer |
Dual Directional
Triennial
|
40%
Cap
|
| 3-Year MSCI EAFE Dual Direction Cap with 20% Buffer |
Dual Directional
Triennial
|
80%
Cap
|
| 3-Year Nasdaq-100 Dual Direction Cap with 20% Buffer |
Dual Directional
Triennial
|
40%
Cap
|
| 3-Year Russell 2000 Annual Lock Cap with 10% Buffer |
Annual Lock
Triennial
|
21%
Cap
|
| 3-Year S&P 500 Annual Lock Cap with 10% Buffer |
Annual Lock
Triennial
|
16%
Cap
|
| 3-Year MSCI EAFE Annual Lock Cap with 10% Buffer |
Annual Lock
Triennial
|
30%
Cap
|
| 3-Year Nasdaq-100 Annual Lock Cap with 10% Buffer |
Annual Lock
Triennial
|
18%
Cap
|
| 3-Year Nasdaq-100 PTP Cap with 15% Buffer |
Point to Point
Triennial
|
60%
Cap
|
| 1-Year EURO STOXX 50 PTP Cap with 15% Buffer |
Point to Point
Annual
|
64.5%
Cap
|
| 3-Year S&P 500 PTP Cap with 20% Buffer |
Point to Point
Triennial
|
55%
Cap
|
| 3-Year S&P 500 PTP Cap with 40% Buffer |
Point to Point
Triennial
|
35%
Cap
|
| 1-Year MSCI Emerging Markets PTP Cap with 15% Buffer |
Point to Point
Annual
|
22.5%
Cap
|
| 3-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap with 10% Buffer |
Point to Point
Triennial
|
125%
Participation
45%
Cap
|
| 3-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap with 15% Buffer |
Point to Point
Triennial
|
125%
Participation
40%
Cap
|
| 3-Year Russell 2000 PTP Cap with 20% Buffer |
Point to Point
Triennial
|
60%
Cap
|
| 3-Year Russell 2000 PTP Cap with 40% Buffer |
Point to Point
Triennial
|
40%
Cap
|
| 1-Year Nasdaq-100 PTP Cap with 15% Buffer |
Point to Point
Annual
|
15.5%
Cap
|
| 3-Year MSCI EAFE PTP Cap with 20% Buffer |
Point to Point
Triennial
|
225%
Cap
|
| 3-Year MSCI EAFE PTP Cap with 40% Buffer |
Point to Point
Triennial
|
57.5%
Cap
|
| 1-Year MSCI EAFE PTP Cap with 15% Buffer |
Point to Point
Annual
|
23%
Cap
|
| 3-Year Nasdaq-100 PTP Cap with 20% Buffer |
Point to Point
Triennial
|
50%
Cap
|
| 3-Year Nasdaq-100 PTP Cap with 40% Buffer |
Point to Point
Triennial
|
35%
Cap
|
| 1-Year Russell 2000 PTP Cap with 15% Buffer |
Point to Point
Annual
|
18.5%
Cap
|
| 1-Year S&P 500 PTP Cap with 15% Buffer |
Point to Point
Annual
|
13.5%
Cap
|
| 1-Year EURO STOXX 50 PTP Cap with 10% Buffer |
Point to Point
Annual
|
123.5%
Cap
|
| 1-Year MSCI Emerging Markets PTP Cap with 10% Buffer |
Point to Point
Annual
|
35%
Cap
|
| 1-Year Nasdaq-100 PTP Cap with 10% Buffer |
Point to Point
Annual
|
20%
Cap
|
| 1-Year MSCI EAFE PTP Cap with 10% Buffer |
Point to Point
Annual
|
30%
Cap
|
| 1-Year Russell 2000 PTP Cap with 10% Buffer |
Point to Point
Annual
|
23%
Cap
|
| 1-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Annual
|
16%
Cap
|
| 3-Year MSCI EAFE PTP Cap with 15% Buffer |
Point to Point
Triennial
|
600%
Cap
|
| 3-Year S&P 500 Enhanced Upside 110% Participation Rate with Cap with 15% Buffer |
Point to Point
Triennial
|
110%
Participation
45%
Cap
|
| 3-Year S&P 500 Enhanced Upside 110% Participation Rate with Cap with 10% Buffer |
Point to Point
Triennial
|
110%
Participation
65%
Cap
|
| 1-Year S&P 500 PTP Cap with 20% Buffer |
Point to Point
Annual
|
12.5%
Cap
|
| 1-Year S&P 500 PTP Cap with 40% Buffer |
Point to Point
Annual
|
10%
Cap
|
| 3-Year MSCI EAFE PTP Cap with 10% Buffer Uncapped |
Point to Point
Triennial
|
|
| 1-Year Nasdaq-100 PTP Cap with 40% Buffer |
Point to Point
Annual
|
10%
Cap
|
| 1-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap with 10% Buffer |
Point to Point
Annual
|
125%
Participation
14%
Cap
|
| 1-Year Russell 2000 PTP Cap with 20% Buffer |
Point to Point
Annual
|
15.5%
Cap
|
| 1-Year Russell 2000 PTP Cap with 40% Buffer |
Point to Point
Annual
|
12%
Cap
|
| 3-Year Russell 2000 PTP Cap with 10% Buffer |
Point to Point
Triennial
|
145%
Cap
|
| 3-Year Nasdaq-100 PTP Cap with 10% Buffer |
Point to Point
Triennial
|
95%
Cap
|
| 1-Year MSCI EAFE PTP Cap with 20% Buffer |
Point to Point
Annual
|
17%
Cap
|
| 1-Year MSCI EAFE PTP Cap with 40% Buffer |
Point to Point
Annual
|
13.5%
Cap
|
| 3-Year S&P 500 PTP Cap with 15% Buffer |
Point to Point
Triennial
|
150%
Cap
|
| 3-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Triennial
|
200%
Cap
|
| 3-Year Russell 2000 PTP Cap with 15% Buffer |
Point to Point
Triennial
|
70%
Cap
|
| 1-Year Nasdaq-100 PTP Cap with 20% Buffer |
Point to Point
Annual
|
13.5%
Cap
|
| 1-Year S&P 500 Step Up Segment with 15% Buffer |
Performance Triggered
Annual
|
9.5%
Performance triggered
|
| 1-Year S&P 500 Step Up Segment with 10% Buffer |
Performance Triggered
Annual
|
10.5%
Performance triggered
|
| 1-Year Russell 2000 Step Up Segment with 10% Buffer |
Performance Triggered
Annual
|
13.5%
Performance triggered
|
| 1-Year MSCI EAFE Step Up Segment with 10% Buffer |
Performance Triggered
Annual
|
11.5%
Performance triggered
|
| 1-Year Nasdaq-100 Step Up Segment with 10% Buffer |
Performance Triggered
Annual
|
13%
Performance triggered
|
| 1-Year Russell 2000 Step Up Segment with 15% Buffer |
Performance Triggered
Annual
|
12.3%
Performance triggered
|
| 3-Year S&P 500 Step Up Segment with 10% Buffer |
Performance Triggered
Triennial
|
29%
Performance triggered
|
| 1-Year MSCI EAFE Step Up Segment with 15% Buffer |
Performance Triggered
Annual
|
10%
Performance triggered
|
| 1-Year Nasdaq-100 Step Up Segment with 15% Buffer |
Performance Triggered
Annual
|
12%
Performance triggered
|
Surrender schedule
| Year |
|---|
| Penalty |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| SCS Income GLWB Accelerated | Yes | 1.50% annually |
| SCS Income GLWB Level | Yes | 1.50% annually |
Waivers
No Waivers for Structured Capital Strategies Income Series ADV annuity.
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