MarketSeven Index
The MarketSeven Index Annuity is a game-changer for retirees and future planners. It gives you peace of mind knowing your hard-earned cash will grow over time, even in a fluctuating market. Truly, it's the safe path. You've worked hard; let your money do the same.
The brochure states it in clear terms - with this annuity, your principal is secured, and gains aren't lost due to market downturns. Life can be unpredictable but your financial future doesn't have to be. Trust the MarketSeven Index for a dependable retirement tête-à-tête with life!
MarketSeven Index
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.5%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
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
|
11%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
80%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.15%
Cap
|
| 2-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Biennial
Monthly average
|
18%
Cap
|
| 2-Year Barclays Focus 50 PTP Participation Rate |
Point to Point
Biennial
|
215%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
| 1-Year Barclays Focus 50 PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
70%
Participation
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
7%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 7% | 6% | 5% | 4% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Market Seven Income Rider | No | 1.25% annually (1.25% max) |
Waivers
Nursing Home
Available for applicant ages 0-80 at no charge. After the first contract year, access up to 100% of the Accumulation Value in the event of nursing home confinement of owner for 90 days. The nursing home waiver does not include home health care.
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.
Premium Notes
Minimum: $10,000
After your initial premium payment, you may add subsequent premiums at any time. You may allocate your premiums among the crediting accounts.
Additional Premium
Subsequent Premium can be contributed multiple times in a year.
Subsequent annual maximum premium after year 1: $250,000.
Withdrawal Provisions
Systematic WithdrawalSingle 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 WithdrawalsBy 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.
- A.M. Best B++
- Fitch A-
- S&P A-
- Comdex 51
