Performance Pro
Highlights
The account value available as a death benefit includes 100% of any bonus amounts regardless of the portion vested at that time.
|
Type
|
Fixed Index |
|---|---|
| Purpose | Lifetime Income |
|
Premium Bonus
|
15% |
|
Term
|
10 Years |
|
Surrender schedule
|
14%13%12%11%10%8%6%4%2%1% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
| Flexible premium | Product Life |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
03/17/2014 |
|
Minimum contribution
|
$10,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
80 |
|
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 Performance Pro is the right product for you.
Premium Notes
Non-qualified: 0-80
Qualified: 18-80
If joint owner, eligibility is based on older owner’s age
Flexible Premium
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
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.35%
Cap
|
| 2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
240%
Participation
|
| 2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
15.5%
Cap
|
| 3-Year S&P 500 PTP Cap |
Point to Point
Triennial
|
24.5%
Cap
|
| 1-Year Gold PTP Cap |
Point to Point
Annual
|
8.25%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 1-Year Balanced Asset 5 PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 2-Year Balanced Asset 5 PTP Participation Rate |
Point to Point
Biennial
|
300%
Participation
|
| 2-Year Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
255%
Participation
|
| 1-Year GS Global Factor PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 2-Year GS Global Factor PTP Participation Rate |
Point to Point
Biennial
|
300%
Participation
|
| 2-Year GS Global Factor PTP Participation Rate with Spread |
Point to Point
Biennial
|
260%
Participation
|
| 2-Year BlackRock Market Advantage PTP Participation Rate with Spread |
Point to Point
Biennial
|
190%
Participation
|
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 |
|---|---|---|
| Performance Pro: Enhanced Guaranteed Minimum Withdrawal Benefit | Yes | 0.10% annually (1.50% max) |
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, 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 2 of 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, ID, MN, MS, MT, OR, PA, PR and WA, care or confinement must begin after the contract effective date.
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