Accelerator Plus 10
Accelerator Plus 10 is a reliable annuity choice offering peace of mind for your retirement years. With a competitive interest rate and 10-year accumulation phase, it's a smart selection for a secure future.
This annuity stands out with its excellent flexibility options and dependable payout. With Accelerator Plus 10, it's easier to navigate your golden years with confidence. Cheers to a well-deserved, worry-free retirement!
Accelerator Plus 10
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.75%
Fixed
|
| 1-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Annual
|
215%
Participation
|
| 2-Year BlackRock Market Advantage PTP Participation Rate with Spread |
Point to Point
Biennial
|
175%
Participation
|
| 1-Year BlackRock Market Advantage PTP Participation Rate |
Point to Point
Annual
|
125%
Participation
|
| 2-Year GS Global Factor PTP Participation Rate |
Point to Point
Biennial
|
285%
Participation
|
| 2-Year GS Global Factor PTP Participation Rate with Spread |
Point to Point
Biennial
|
245%
Participation
|
| 1-Year GS Global Factor PTP Participation Rate |
Point to Point
Annual
|
225%
Participation
|
| 1-Year GS Global Factor PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 2-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread |
Point to Point
Biennial
|
200%
Participation
5%
Spread
|
| 2-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread |
Point to Point
Biennial
|
170%
Participation
5%
Spread
|
| 1-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread |
Point to Point
Annual
|
155%
Participation
5.5%
Spread
|
| 1-Year CIBC Balanced Asset 10 PTP Participation Rate |
Point to Point
Annual
|
85%
Participation
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
230%
Participation
|
| 1-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Annual
|
160%
Participation
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Biennial
|
270%
Participation
|
| 2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
225%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.25%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.3%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
3.05%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10%
Cap
|
| 2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
265%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
5.25%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger with charge |
Performance Triggered
Annual
|
7%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 14% | 13% | 12% | 11% | 10% | 8% | 6% | 4% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| FG Accelerator Plus 10 EGMWB | Yes | 0.95% annually |
| FG Accelerator 10 Plus GMWB (HI, IL) | Yes | 0.95% annually |
Waivers
Nursing Home
Unavailable in states: MA
Nursing Home Care (in a licensed nursing home) • Confinement must begin at least 1 year after contract effective date (In AK, AL, ID, MN, MS, MT, OR, PA or WA, care or confinement must begin after the contract effective date.) • Must be confined to nursing home for at least 60 days
Terminal Illness
Diagnosis must be made at least 1 year after contract effective date and certified by licensed physician. Life expectancy must be less than 1 year.
ADL
Unavailable in states: MA
Home Health Care (provided by licensed home health care provider) • Care must begin at least 1 year after contract effective date (In AK, AL, ID, MN, MS, MT, OR, PA or WA, care or confinement must begin after the contract effective date. ) • Must be unable to perform at least 2 of 6 activities of daily living (for at least 60 days and expected to continue for at least 90 days after requesting withdrawal)
Premium Notes
Non-qualified: 0-85
Qualified: 18-85
Indiana Max Age is 80
If a joint owner, eligibility is based on an older owner’s age.
Initial Premium and Transfers
Flexible Premium
Any additional premium will be placed initially into the fixed interest option. On the annuity anniversary, the client may reallocate any portion of the account value between any of the options.
Any additional premium (the amount of money you may at any time and as often as you want until the Maturity Date) must be at least $2,000 and may not exceed $2,000,000.
The minimum Allocation to any account is $2,000 per contract year.
Note: TSP funds have to be rolled into an IRA.
Withdrawal Provisions
Death benefit Prior withdrawals reduce benefit amounts. Interest rates are subject to change. Partial index credit, if applicable, paid up to the date of death. Paid as a lump sum, greatest of: Account value, including the total vesting bonus, even if not fully vested;Minimum guaranteed surrender value.Free Withdrawals You’ll have penalty-free access to 10% of the vested account value in years 2-10. Any other withdrawals will incur surrender charges and MVA.
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