Structured Capital Strategies Income Series B
Get an annuity today!
Learn how an annuity can provide guaranteed income for life.
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.
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.
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
|
7%
Performance triggered
|
| 1-Year S&P 500 Dual Step Up Segment with 10% Buffer |
Dual Step Up
Annual
|
8%
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
|
20%
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
|
9%
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
|
10%
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.
Ready to Protect Your Financial Future?
Request a free quote or talk to our financial expert to get help