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
Does MarketSeven 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
|
5.15%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10%
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
|
100%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
3%
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
|
200%
Participation
|
| 1-Year Barclays Focus 50 PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
7%
Performance triggered
|
| 1-Year S&P 500 PTP Cap with Buy-Up |
Point to Point
Annual
|
12%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Buy-Up |
Point to Point
Annual
|
65%
Participation
|
| 2-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Biennial
|
110%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 7% | 6% | 5% | 4% |
Hypothetical Projection
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Market Seven Income Rider | No | 1.25% annually (1.25% max) |
Waivers
Nursing Home
The Nursing Home Waiver, included at no charge on your contract, can help provide you peace of mind. 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.
RMD
The product includes Penalty-Free Withdrawal Provisions for RMD.
Premium Notes
Initial Premium
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 52
