MarketPower Bonus Index
The MarketPower Bonus Index Annuity is an outstanding tool for solid retirement planning. With its special bonus feature, you get an immediate 10% boost to your purchase payments, which means your retirement savings grow right from the start!
This Annuity also offers flexible growth strategies to keep your money safe, yet still let it flourish. Whether you're retired or just planning ahead, this is a wonderful way to ensure financial comfort and peace of mind for your future.
MarketPower Bonus Index
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.25%
Fixed
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
65%
Participation
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
7%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.75%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 2-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Biennial
Monthly average
|
17%
Cap
|
| 1-Year Barclays Focus50 PTP Participation Rate |
Point to Point
Annual
|
125%
Participation
|
| 2-Year Barclays Focus50 PTP Participation Rate |
Point to Point
Biennial
|
170%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
5%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 20% | 20% | 19% | 19% | 18% | 17% | 16% | 14% | 12% | 10% | 8% | 6% | 4% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Market Power Income Rider | No | 1.25% annually (1.25% max) |
Waivers
Nursing Home
Unavailable in states: MA
Available for all applicant ages. There is no charge for this rider. After the first contract year, requires nursing home confinement of Owner for 90 days. Not available in all states. The nursing home waiver does not include home health care.
Terminal Illness
Unavailable in states: PA
Available for all applicant ages. There is no charge for this rider. No surrender charge on up to 75% of the Accumulation Value in the event of a terminal illness. Features and availability may vary by state.
Premium Notes
Minimum: $10,000;
Additional Premium
After your initial premium payment, you may add subsequent premiums during the first contract year. You may allocate your premiums among the crediting accounts. Subsequent Premium can be contributed multiple times in a year.
Premium and Transfers
The minimum transfer amount is $2,000. The minimum balance in an account after a transfer is $2,000 if any balance remains. Transfers out of the 2-year account allowed only at the end of the two-year indexing period.
Withdrawal Provisions
Systematic 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 EFT. Free Withdrawals By current company practices, systematic withdrawals of interest are allowed in the first year from the Fixed Rate Account without Surrender Charge or MVA. Interest withdrawals must be taken via electronic funds transfer (EFT). 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 EFT.
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