Accelerator Plus 14
The "Accelerator Plus 14" annuity plan is a winner for anyone planning retirement. It promises steady income, safeguarding your future against market volatility. You can truly relax with this secure option.
With charming benefits from the product brochure, like interest bonuses and flexible withdrawal options, you won't have to worry about unexpected expenses. It's a golden opportunity for a worry-free retirement.
Accelerator Plus 14
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.75%
Fixed
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
250%
Participation
|
| 2-Year BlackRock Market Advantage PTP Participation Rate with Spread |
Point to Point
Biennial
|
195%
Participation
|
| 1-Year BlackRock Market Advantage PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
| 1-Year GS Global Factor PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
| 1-Year GS Global Factor PTP Participation Rate |
Point to Point
Annual
|
240%
Participation
|
| 2-Year GS Global Factor PTP Participation Rate with Spread |
Point to Point
Biennial
|
265%
Participation
|
| 2-Year GS Global Factor PTP Participation Rate |
Point to Point
Biennial
|
310%
Participation
|
| 2-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread |
Point to Point
Biennial
|
220%
Participation
5%
Spread
|
| 2-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread |
Point to Point
Biennial
|
190%
Participation
5%
Spread
|
| 1-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread |
Point to Point
Annual
|
170%
Participation
5.5%
Spread
|
| 1-Year CIBC Balanced Asset 10 PTP Participation Rate |
Point to Point
Annual
|
95%
Participation
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Biennial
|
290%
Participation
|
| 1-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Annual
|
225%
Participation
|
| 1-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
3.2%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11%
Cap
|
| 2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
285%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
245%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.55%
Cap
|
| 1-Year S&P 500 Performance Trigger with charge |
Performance Triggered
Annual
|
7.5%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
5.75%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 15% | 14% | 13% | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| FG Accelerator Plus 14 EGMWB | Yes | 0.95% annually |
| FG Accelerator Plus 14 GMWB (HI, IL) | Yes | 0.95% annually |
Waivers
Nursing Home
Nursing Home Care (in a licensed nursing home) • Confinement must begin at least 1 year after contract effective date • Must be confined to nursing home for at least 60 days
Terminal Illness
Terminal Illness • Diagnosis must be made at least 1year after contract effective date (Limitations and considerations may vary from state to state.) and certified by licensed physician • Life expectancy must be less than 1 year
ADL
Home Health Care (provided by licensed home health care provider) • Care must begin at least 1 year after 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
Florida Max Age is 64
Initial Premium and Transfers
Flexible Premium
The minimum for subsequent premiums is added 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.
Withdrawal Provisions
Death benefitPrior 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.
- A.M. Best A
- Fitch A-
- S&P A-
- Moody's A3
- Comdex 70
