Prosperity Elite 10 Enhancement
Prosperity Elite 10 Enhancement is a reliable companion for your retirement journey! This annuity provides you with a consistent stream of income, offering the reassurance of financial security during your golden years.
The friendly, easy-to-understand terms resonate with retirees and people planning ahead. With its vast array of options, Prosperity Elite 10 ensures your needs are well catered-for. It's a secure ticket to a worry-free retirement!
Prosperity Elite 10 Enhancement
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.75%
Fixed
|
| 1-Year Gold PTP Cap |
Point to Point
Annual
|
9.75%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
7.75%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.35%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
| 2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
235%
Participation
|
| 1-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
240%
Participation
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Biennial
|
280%
Participation
|
| 1-Year GS Global Factor PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 2-Year GS Global Factor PTP Participation Rate with Spread |
Point to Point
Biennial
|
260%
Participation
|
| 2-Year GS Global Factor PTP Participation Rate |
Point to Point
Biennial
|
300%
Participation
|
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| GMDB Prosperity Elite Enhancement Package | Yes | 0.60% annually |
Waivers
Nursing Home
Unavailable in states: MA, and SD
Confinement must begin at least 1 year after contract effective date. Must be confined to nursing home for at least 60 days. Home Health Care is an acceptable option.
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, SD, and WI
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
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.
Note: TSP funds have to be rolled into an IRA.
Withdrawal Provisions
Free Withdrawals You’ll have penalty-free access to 10% of the vested account value in years 2-10. Any other withdrawals will incur withdrawal charges. These consist of surrender charges and MVA.
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