MarketFive Index
The MarketFive Index Annuity is a fantastic choice for planning your future. Not only does it assure you a steady income during your retirement years, it also provides the comfort of knowing that your funds are safe, no matter how the markets perform.
With the added feature of participating in potential market gains, this annuity really helps enhance your financial security. With MarketFive Index Annuity, you're not just planning for the future, you're investing in peace of mind.
MarketFive Index
Does MarketFive Index make your top 3?
Our clients typically get 23% more income than their first quote.
About Product
Rate Buy-Up
A higher rate is offered in exchange for a 1.00% annual fee.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
5%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
9%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
95%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.75%
Cap
|
| 1-Year Barclays Focus50 PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
6.5%
Performance triggered
|
| 1-Year S&P 500 PTP Cap with Buy-Up |
Point to Point
Annual
|
11.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Buy-Up |
Point to Point
Annual
|
60%
Participation
|
| 2-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Biennial
|
100%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 7% | 6% |
Hypothetical Projection
Riders
No Riders for MarketFive Index annuity.
Waivers
Nursing Home
Your contract includes the Nursing Home Waiver at no additional cost. If you’re confined to a nursing home or hospital for 90 consecutive days or more, your contract’s Accumulation Value will be available without surrender charges or MVA beginning in the second contract year and during your confinement. This rider is available at issue through age 80.
Terminal Illness
Available for all applicant ages at no charge. Access up to 75% of the Accumulation Value in the event of the owner’s terminal illness. Features may vary by state.
RMD
The product includes Penalty-Free Withdrawal Provisions for RMD.
Premium Notes
Initial minimum: $10,000;
Subsequent minimum: $2,000
Subsequent annual maximum after year 1: $250,000
Subsequent premiums automatically added to the 1-Year Interest Account at time of receipt, then at contract anniversary reallocated among accounts according to current allocation instructions.
Withdrawal Provisions
Market Value Adjustment Yes, applied when surrender charges are imposed (No MVA in CA). Free withdrawals By current company practice, systematic withdrawals of interest are allowed in the first year from the 1-Year Interest Account without charges. After the first contract year, up to 10% of the Accumulation Value on the previous contract anniversary may be withdrawn each contract year without surrender charge or MVA, either systematically or as a single withdrawal. Single withdrawals can be requested at any time, but must be at least $250 per request. Systematic withdrawals are available monthly, quarterly, semiannually or annually, and must be taken by EFT.
- A.M. Best B++
- Fitch A-
- S&P A-
- Comdex 52
