Flex Accumulator
The Flex Accumulator annuity is a great choice if you're planning for a secure retirement. It offers steady income, enabling you to relax and enjoy life without financial worries.
Importantly, your investment grows tax-deferred, which means more for you in the long run. The Flex Accumulator provides peace of mind for your golden years!
Flex Accumulator
Ratings:
- A.M. Best A
- Fitch A-
- S&P A-
- Moody's A3
- Comdex 70
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate with Spread |
Point to Point
Annual
|
55%
Participation
3%
Spread
|
| 1-Year S&P 500 PTP Participation Rate with Spread |
Point to Point
Annual
|
40%
Participation
3%
Spread
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.75%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.25%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.95%
Cap
|
| 2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
260%
Participation
|
| 2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
220%
Participation
|
| 2-Year BlackRock Market Advantage PTP Participation Rate with Spread |
Point to Point
Biennial
|
175%
Participation
|
| 2-Year BlackRock Market Advantage PTP Participation Rate |
Point to Point
Biennial
|
205%
Participation
|
| 1-Year CIBC Balanced Asset 10 PTP Participation Rate |
Point to Point
Annual
|
85%
Participation
|
| 2-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread |
Point to Point
Biennial
|
160%
Participation
4%
Spread
|
| 2-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread |
Point to Point
Biennial
|
190%
Participation
4%
Spread
|
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
| Name | Inbuilt | Fee |
|---|---|---|
| Enhanced Death Benefit rider (ages 0-69) | Yes | |
| Enhanced Death Benefit rider (ages 70+) | Yes |
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 consecutive 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 • 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)
Premium Notes
Non-qualified: 0-85
Qualified: 18-85
If joint owner, eligibility is based on older owner’s age
Premium
- Minimum premium: $10,000
- $2,000 per interest option
- $1M and over requires home office approval
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 $1,000,000.
The minimum Allocation to any account is $2,000 per contract year.
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
Enhanced death benefit rider at no charge
- Interest multiplier:
- Issue ages 0-69, two times the interest crediting rate for the death benefit base
- Issue ages 70+, 1.5 times the interest crediting rate for the death benefit base
- Tailor payments over five years or longer
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