Accumulator Plus 10
Highlights
Type
|
Fixed Index |
---|---|
Purpose | Accumulation |
Term
|
10 Years |
Surrender schedule
|
12%11%10%9%8%7%6%5%4%3% |
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
Flexible premium | Product Life |
Market value adjustment
|
|
Return of premium
|
|
Launch date
|
12/18/2017 |
Minimum contribution
|
$10,000 |
Maximum contribution
|
$2,500,000 |
Max Age Qualified
|
85 |
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, IRA-Roth, Inherited IRA, and TSP |
Brochure
|
Open brochure |
Find out if the Accumulator Plus 10 is the right product for you.
Premium Notes
Non-qualified: 0-85
Qualified: 18-85
If joint owner, eligibility is based on 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 $2,500,000.
The minimum Allocation to any account is $2,000 per contract year.
Note: TSP funds have to be rolled into an IRA.
Withdrawal Provisions
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
- Minimum guaranteed surrender value
Free Withdrawals
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
4%
Fixed
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
295%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11%
Cap
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
3.45%
Cap
|
1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
14.25%
Cap
|
1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
8.75%
Cap
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.65%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.25%
Cap
|
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
255%
Participation
|
2-Year GS Global Factor PTP Participation Rate with Spread |
Point to Point
Biennial
|
280%
Participation
|
2-Year GS Global Factor PTP Participation Rate |
Point to Point
Biennial
|
325%
Participation
|
1-Year GS Global Factor PTP Participation Rate with Spread |
Point to Point
Annual
|
190%
Participation
|
1-Year GS Global Factor PTP Participation Rate |
Point to Point
Annual
|
250%
Participation
|
1-Year S&P 500 Performance Trigger with charge |
Performance Triggered
Annual
|
7.75%
Performance triggered
|
1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
6%
Performance triggered
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
No Riders for Accumulator Plus 10 annuity.
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 • Must be confined to nursing home for at least 60 days In AK, AL, CT, ID, MN, MS, MT, OR, PA, PR and WA, care or confinement must begin after the contract effective date.
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. Limitations and considerations may vary from state to state.
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 • Must be unable to perform at least 2of 6 activities of daily living (for at least 60 days and expected to continue for at least 90 days after requesting withdrawal) In AK, AL, CT, ID, MN, MS, MT, OR, PA, PR and WA, care or confinement must begin after the contract effective date.
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