Index-Choice 10 New York
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Highlights
FGNY Index-Choice 10 is a flexible-premium, indexed annuity. It is a highly competitive Indexed Annuity which offers four interest-crediting options to assist your clients in meeting their financial goals. Clients can select from a monthly average, an annual point-to-point, and a monthly point-to-point, all which are linked to a formula based, in part, on changes in the S&P 500; additionally, there is a traditional fixed interest account option.
Available in states:
NY
|
Type
|
Fixed Index
|
|---|---|
|
Premium Bonus
|
2% |
|
Term
|
10 Years |
|
Surrender schedule
|
10%10%10%9%8%7%6%5%4%2% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
Types of funds
|
Non-Qualified, 401k, Profit Sharing, IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, Inherited IRA, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 7-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
7.25%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.25%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 10% | 10% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 2% |