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Structured Capital Strategies Income Series B

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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
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
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 B is the right product for you.

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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.

Withdrawal Provisions

10% free withdrawal amount
Each contract year you can withdraw up to 10% of your account value without paying a withdrawal charge (often referred to as the “10% free withdrawal amount” or “free withdrawal amount”).

Allocation Accounts

Name Type Rates
3-Year S&P 500 Loss Limiter 95 Cap with 10% Buffer
Loss Limiter 95
Triennial
25% Cap
1-Year S&P 500 Loss Limiter 90 Cap with 10% Buffer
Loss Limiter 90
Annual
9.5% Cap
1-Year Nasdaq-100 Dual Step Up Segment with 15% Buffer
Dual Step Up
Annual
7.8% Performance triggered
1-Year Nasdaq-100 Dual Step Up Segment with 10% Buffer
Dual Step Up
Annual
9.5% Performance triggered
1-Year MSCI EAFE Dual Step Up Segment with 15% Buffer
Dual Step Up
Annual
6% Performance triggered
1-Year MSCI EAFE Dual Step Up Segment with 10% Buffer
Dual Step Up
Annual
8% Performance triggered
1-Year Russell 2000 Dual Step Up Segment with 15% Buffer
Dual Step Up
Annual
8% Performance triggered
1-Year Russell 2000 Dual Step Up Segment with 10% Buffer
Dual Step Up
Annual
9.5% Performance triggered
1-Year S&P 500 Dual Step Up Segment with 15% Buffer
Dual Step Up
Annual
6.5% Performance triggered
1-Year S&P 500 Dual Step Up Segment with 10% Buffer
Dual Step Up
Annual
7.5% Performance triggered
3-Year MSCI EAFE Dual Direction Cap with 15% Buffer
Dual Directional
Triennial
250% Cap
3-Year Russell 2000 Dual Direction Cap with 10% Buffer
Dual Directional
Triennial
60% Cap
3-Year Russell 2000 Dual Direction Cap with 15% Buffer
Dual Directional
Triennial
40% Cap
3-Year S&P 500 Dual Direction Cap with 15% Buffer
Dual Directional
Triennial
35% Cap
3-Year Nasdaq-100 Dual Direction Cap with 10% Buffer
Dual Directional
Triennial
45% Cap
3-Year MSCI EAFE Dual Direction Cap with 10% Buffer
Dual Directional
Triennial
500% Cap
3-Year S&P 500 Dual Direction Cap with 10% Buffer
Dual Directional
Triennial
90% Cap
3-Year Nasdaq-100 Dual Direction Cap with 20% Buffer
Dual Directional
Triennial
30% Cap
3-Year S&P 500 Dual Direction Cap with 20% Buffer
Dual Directional
Triennial
30% Cap
1-Year Nasdaq-100 Dual Direction Cap with 15% Buffer
Dual Directional
Annual
10% Cap
1-Year S&P 500 Dual Direction Cap with 15% Buffer
Dual Directional
Annual
8.5% Cap
1-Year MSCI EAFE Dual Direction Cap with 15% Buffer
Dual Directional
Annual
8% Cap
1-Year Russell 2000 Dual Direction Cap with 15% Buffer
Dual Directional
Annual
10.5% Cap
3-Year Nasdaq-100 Dual Direction Cap with 15% Buffer
Dual Directional
Triennial
35% Cap
1-Year MSCI EAFE Dual Direction Cap with 10% Buffer
Dual Directional
Annual
12% Cap
1-Year Russell 2000 Dual Direction Cap with 10% Buffer
Dual Directional
Annual
15.5% Cap
1-Year S&P 500 Dual Direction Cap with 10% Buffer
Dual Directional
Annual
11% Cap
3-Year MSCI EAFE Dual Direction Cap with 20% Buffer
Dual Directional
Triennial
65% Cap
3-Year Russell 2000 Dual Direction Cap with 20% Buffer
Dual Directional
Triennial
35% Cap
1-Year Nasdaq-100 Dual Direction Cap with 10% Buffer
Dual Directional
Annual
14% Cap
3-Year S&P 500 Annual Lock Cap with 10% Buffer
Annual Lock
Triennial
13% Cap
3-Year Nasdaq-100 Annual Lock Cap with 10% Buffer
Annual Lock
Triennial
15.5% Cap
3-Year MSCI EAFE Annual Lock Cap with 10% Buffer
Annual Lock
Triennial
22% Cap
3-Year Russell 2000 Annual Lock Cap with 10% Buffer
Annual Lock
Triennial
17% Cap
3-Year MSCI EAFE PTP Cap with 40% Buffer
Point to Point
Triennial
40% Cap
3-Year S&P 500 PTP Cap with 40% Buffer
Point to Point
Triennial
30% Cap
3-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap with 10% Buffer
Point to Point
Triennial
125% Participation
35% Cap
3-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap with 15% Buffer
Point to Point
Triennial
125% Participation
30% Cap
3-Year MSCI EAFE PTP Cap with 20% Buffer
Point to Point
Triennial
200% Cap
3-Year Russell 2000 PTP Cap with 40% Buffer
Point to Point
Triennial
30% Cap
3-Year S&P 500 PTP Cap with 20% Buffer
Point to Point
Triennial
40% Cap
3-Year Russell 2000 PTP Cap with 20% Buffer
Point to Point
Triennial
45% Cap
1-Year Nasdaq-100 PTP Cap with 40% Buffer
Point to Point
Annual
9% Cap
1-Year Nasdaq-100 PTP Cap with 20% Buffer
Point to Point
Annual
12% Cap
3-Year Nasdaq-100 PTP Cap with 20% Buffer
Point to Point
Triennial
40% Cap
3-Year Nasdaq-100 PTP Cap with 40% Buffer
Point to Point
Triennial
30% Cap
1-Year MSCI EAFE PTP Cap with 40% Buffer
Point to Point
Annual
11.5% Cap
1-Year MSCI EAFE PTP Cap with 20% Buffer
Point to Point
Annual
12.5% Cap
1-Year S&P 500 PTP Cap with 20% Buffer
Point to Point
Annual
10.5% Cap
1-Year Nasdaq-100 PTP Cap with 15% Buffer
Point to Point
Annual
13.5% Cap
3-Year Russell 2000 PTP Cap with 15% Buffer
Point to Point
Triennial
50% Cap
3-Year S&P 500 PTP Cap with 15% Buffer
Point to Point
Triennial
55% Cap
3-Year Nasdaq-100 PTP Cap with 10% Buffer
Point to Point
Triennial
55% Cap
3-Year MSCI EAFE PTP Cap with 10% Buffer Uncapped
Point to Point
Triennial
3-Year Russell 2000 PTP Cap with 10% Buffer
Point to Point
Triennial
70% Cap
3-Year S&P 500 PTP Cap with 10% Buffer
Point to Point
Triennial
100% Cap
1-Year EURO STOXX 50 PTP Cap with 15% Buffer
Point to Point
Annual
34.5% Cap
1-Year MSCI Emerging Markets PTP Cap with 15% Buffer
Point to Point
Annual
17% Cap
3-Year MSCI EAFE PTP Cap with 15% Buffer
Point to Point
Triennial
500% Cap
1-Year MSCI EAFE PTP Cap with 15% Buffer
Point to Point
Annual
15% Cap
1-Year Russell 2000 PTP Cap with 15% Buffer
Point to Point
Annual
15% Cap
1-Year S&P 500 PTP Cap with 15% Buffer
Point to Point
Annual
11.5% Cap
1-Year EURO STOXX 50 PTP Cap with 10% Buffer
Point to Point
Annual
57.5% Cap
1-Year MSCI Emerging Markets PTP Cap with 10% Buffer
Point to Point
Annual
24% Cap
1-Year Nasdaq-100 PTP Cap with 10% Buffer
Point to Point
Annual
17% Cap
1-Year MSCI EAFE PTP Cap with 10% Buffer
Point to Point
Annual
20% Cap
1-Year Russell 2000 PTP Cap with 10% Buffer
Point to Point
Annual
19% Cap
3-Year Nasdaq-100 PTP Cap with 15% Buffer
Point to Point
Triennial
45% Cap
1-Year Russell 2000 PTP Cap with 40% Buffer
Point to Point
Annual
9.5% Cap
1-Year Russell 2000 PTP Cap with 20% Buffer
Point to Point
Annual
13% Cap
1-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap with 10% Buffer
Point to Point
Annual
125% Participation
12% Cap
3-Year S&P 500 Enhanced Upside 110% Participation Rate with Cap with 10% Buffer
Point to Point
Triennial
110% Participation
40% Cap
1-Year S&P 500 PTP Cap with 40% Buffer
Point to Point
Annual
8.5% Cap
3-Year S&P 500 Enhanced Upside 110% Participation Rate with Cap with 15% Buffer
Point to Point
Triennial
110% Participation
35% Cap
1-Year S&P 500 PTP Cap with 10% Buffer
Point to Point
Annual
14% Cap
1-Year Russell 2000 Step Up Segment with 15% Buffer
Performance Triggered
Annual
10.8% Performance triggered
1-Year S&P 500 Step Up Segment with 15% Buffer
Performance Triggered
Annual
8.5% Performance triggered
1-Year MSCI EAFE Step Up Segment with 15% Buffer
Performance Triggered
Annual
9.5% Performance triggered
1-Year Nasdaq-100 Step Up Segment with 15% Buffer
Performance Triggered
Annual
10.5% Performance triggered
1-Year Nasdaq-100 Step Up Segment with 10% Buffer
Performance Triggered
Annual
12% Performance triggered
1-Year MSCI EAFE Step Up Segment with 10% Buffer
Performance Triggered
Annual
10.5% Performance triggered
3-Year S&P 500 Step Up Segment with 10% Buffer
Performance Triggered
Triennial
26% Performance triggered
1-Year Russell 2000 Step Up Segment with 10% Buffer
Performance Triggered
Annual
12.3% Performance triggered
1-Year S&P 500 Step Up Segment with 10% Buffer
Performance Triggered
Annual
9.5% Performance triggered

Surrender schedule

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

Riders

Name Inbuilt Fee
SCS Income GLWB Accelerated Yes 1.50% annually
SCS Income GLWB Level Yes 1.50% 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 life, 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 provider 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: MA

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

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