Structured Capital Strategies Plus 21 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:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
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
|
|
|
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 Series B 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
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 |
|---|---|---|
| 6-Year S&P 500 Loss Limiter 95 Cap 10% Buffer |
Loss Limiter 95
6-Year
|
50%
Cap
|
| 1-Year S&P 500 Loss Limiter 90 Cap 10% Buffer |
Loss Limiter 90
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 Dual Step Up Segment 15% Buffer |
Dual Step Up
Annual
|
7%
Performance triggered
|
| 1-Year S&P 500 Dual Step Up Segment 10% Buffer |
Dual Step Up
Annual
|
8%
Performance triggered
|
| 1-Year Russell 2000 Dual Step Up Segment 10% Buffer |
Dual Step Up
Annual
|
9.5%
Performance triggered
|
| 1-Year Russell 2000 Dual Step Up Segment 15% Buffer |
Dual Step Up
Annual
|
8%
Performance triggered
|
| 1-Year MSCI EAFE Dual Step Up Segment 10% Buffer |
Dual Step Up
Annual
|
8%
Performance triggered
|
| 1-Year MSCI EAFE Dual Step Up Segment 15% Buffer |
Dual Step Up
Annual
|
6%
Performance triggered
|
| 1-Year Nasdaq-100 Dual Step Up Segment 10% Buffer |
Dual Step Up
Annual
|
9.5%
Performance triggered
|
| 1-Year Nasdaq-100 Dual Step Up Segment 15% Buffer |
Dual Step Up
Annual
|
7.8%
Performance triggered
|
| 1-Year S&P 500 Dual Direction Cap 10% Buffer |
Dual Directional
Annual
|
11%
Cap
|
| 1-Year Russell 2000 Dual Direction Cap 10% Buffer |
Dual Directional
Annual
|
15.5%
Cap
|
| 1-Year S&P 500 Dual Direction Cap 15% Buffer |
Dual Directional
Annual
|
8.5%
Cap
|
| 1-Year Russell 2000 Dual Direction Cap 15% Buffer |
Dual Directional
Annual
|
10.5%
Cap
|
| 1-Year MSCI EAFE Dual Direction Cap 10% Buffer |
Dual Directional
Annual
|
12%
Cap
|
| 1-Year MSCI EAFE Dual Direction Cap 15% Buffer |
Dual Directional
Annual
|
8%
Cap
|
| 1-Year Nasdaq-100 Dual Direction Cap 10% Buffer |
Dual Directional
Annual
|
14%
Cap
|
| 1-Year Nasdaq-100 Dual Direction Cap 15% Buffer |
Dual Directional
Annual
|
10%
Cap
|
| 6-Year Russell 2000 Dual Direction Cap 10% Buffer |
Dual Directional
6-Year
|
110%
Cap
|
| 6-Year Russell 2000 Dual Direction Cap 15% Buffer |
Dual Directional
6-Year
|
85%
Cap
|
| 6-Year Russell 2000 Dual Direction Cap 20% Buffer |
Dual Directional
6-Year
|
70%
Cap
|
| 6-Year MSCI EAFE Dual Direction Cap 10% Buffer |
Dual Directional
6-Year
|
750%
Cap
|
| 6-Year MSCI EAFE Dual Direction Cap 15% Buffer |
Dual Directional
6-Year
|
500%
Cap
|
| 6-Year MSCI EAFE Dual Direction Cap 20% Buffer |
Dual Directional
6-Year
|
350%
Cap
|
| 6-Year Nasdaq-100 Dual Direction Cap 10% Buffer |
Dual Directional
6-Year
|
90%
Cap
|
| 6-Year Nasdaq-100 Dual Direction Cap 15% Buffer |
Dual Directional
6-Year
|
80%
Cap
|
| 6-Year Nasdaq-100 Dual Direction Cap 20% Buffer |
Dual Directional
6-Year
|
75%
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 S&P 500 Annual Lock Cap 10% Buffer |
Annual Lock
6-Year
|
13%
Cap
|
| 6-Year Nasdaq-100 Annual Lock Cap 10% Buffer |
Annual Lock
6-Year
|
15%
Cap
|
| 6-Year Russell 2000 Annual Lock Cap 10% Buffer |
Annual Lock
6-Year
|
16%
Cap
|
| 6-Year MSCI EAFE Annual Lock Cap 10% Buffer |
Annual Lock
6-Year
|
19%
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 Nasdaq-100 PTP Cap 15% Buffer |
Point to Point
6-Year
|
90%
Cap
|
| 6-Year S&P 500 PTP Cap 10% Buffer Uncapped |
Point to Point
6-Year
|
|
| 1-Year MSCI Emerging Markets PTP Cap 15% Buffer |
Point to Point
Annual
|
17%
Cap
|
| 1-Year EURO STOXX 50 PTP Cap 15% Buffer |
Point to Point
Annual
|
20%
Cap
|
| 6-Year S&P 500 PTP Cap 40% Buffer |
Point to Point
6-Year
|
60%
Cap
|
| 6-Year Russell 2000 PTP Cap 40% Buffer |
Point to Point
6-Year
|
65%
Cap
|
| 6-Year MSCI EAFE PTP Cap 40% Buffer |
Point to Point
6-Year
|
200%
Cap
|
| 6-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap 15% Buffer |
Point to Point
6-Year
|
125%
Participation
70%
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 Russell 2000 PTP Cap 10% Buffer |
Point to Point
6-Year
|
120%
Cap
|
| 6-Year Nasdaq-100 PTP Cap 40% Buffer |
Point to Point
6-Year
|
65%
Cap
|
| 6-Year S&P 500 Enhanced Upside 110% Participation Rate with Cap 10% Buffer |
Point to Point
6-Year
|
110%
Participation
90%
Cap
|
| 1-Year S&P 500 PTP Cap 15% Buffer |
Point to Point
Annual
|
11.5%
Cap
|
| 1-Year EURO STOXX 50 PTP Cap 10% Buffer |
Point to Point
Annual
|
57.5%
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
|
| 1-Year Russell 2000 PTP Cap 10% Buffer |
Point to Point
Annual
|
19%
Cap
|
| 1-Year Russell 2000 PTP Cap 40% Buffer |
Point to Point
Annual
|
9.5%
Cap
|
| 6-Year S&P 500 PTP Cap 20% Buffer |
Point to Point
6-Year
|
150%
Cap
|
| 6-Year Russell 2000 PTP Cap 20% Buffer |
Point to Point
6-Year
|
80%
Cap
|
| 6-Year MSCI EAFE PTP Cap 20% Buffer |
Point to Point
6-Year
|
650%
Cap
|
| 6-Year Nasdaq-100 PTP Cap 20% Buffer |
Point to Point
6-Year
|
85%
Cap
|
| 1-Year S&P 500 PTP Cap 20% Buffer |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year S&P 500 PTP Cap 40% Buffer |
Point to Point
Annual
|
8.5%
Cap
|
| 6-Year MSCI EAFE PTP Cap 15% Buffer |
Point to Point
6-Year
|
700%
Cap
|
| 6-Year Russell 2000 PTP Cap 15% Buffer |
Point to Point
6-Year
|
100%
Cap
|
| 1-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap 10% Buffer |
Point to Point
Annual
|
125%
Participation
12%
Cap
|
| 1-Year Russell 2000 PTP Cap 15% Buffer |
Point to Point
Annual
|
15%
Cap
|
| 1-Year Russell 2000 PTP Cap 20% Buffer |
Point to Point
Annual
|
13%
Cap
|
| 1-Year S&P 500 PTP Cap 10% Buffer |
Point to Point
Annual
|
14%
Cap
|
| 1-Year Nasdaq-100 PTP Cap 40% Buffer |
Point to Point
Annual
|
9%
Cap
|
| 1-Year MSCI EAFE PTP Cap 15% Buffer |
Point to Point
Annual
|
15%
Cap
|
| 1-Year MSCI EAFE PTP Cap 20% Buffer |
Point to Point
Annual
|
12.5%
Cap
|
| 1-Year MSCI EAFE PTP Cap 40% Buffer |
Point to Point
Annual
|
11.5%
Cap
|
| 1-Year Nasdaq-100 PTP Cap 20% Buffer |
Point to Point
Annual
|
12%
Cap
|
| 1-Year Nasdaq-100 PTP Cap 15% Buffer |
Point to Point
Annual
|
13.5%
Cap
|
| 6-Year MSCI EAFE PTP Cap 10% Buffer Uncapped |
Point to Point
6-Year
|
|
| 6-Year S&P 500 PTP Cap 15% Buffer |
Point to Point
6-Year
|
300%
Cap
|
| 6-Year Nasdaq-100 PTP Cap 10% Buffer |
Point to Point
6-Year
|
100%
Cap
|
| 1-Year MSCI EAFE Step Up Segment 10% Buffer |
Performance Triggered
Annual
|
10.5%
Performance triggered
|
| 1-Year Nasdaq-100 Step Up Segment 15% Buffer |
Performance Triggered
Annual
|
10.5%
Performance triggered
|
| 1-Year S&P 500 Step Up Segment 10% Buffer |
Performance Triggered
Annual
|
10%
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 15% Buffer |
Performance Triggered
Annual
|
9%
Performance triggered
|
| 6-Year S&P 500 Step Up Segment 10% Buffer |
Performance Triggered
6-Year
|
50%
Performance triggered
|
| 1-Year MSCI EAFE Step Up Segment 15% Buffer |
Performance Triggered
Annual
|
9.5%
Performance triggered
|
| 1-Year Nasdaq-100 Step Up Segment 10% Buffer |
Performance Triggered
Annual
|
12%
Performance triggered
|
| 1-Year Russell 2000 Step Up Segment 15% Buffer |
Performance Triggered
Annual
|
10.8%
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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