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Best Guaranteed Annuity Rates
2-Year
5.55%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Prosperity Elite 14 Protection

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Highlights

Prosperity Elite 14 Protection is a flexible premium deferred annuity with a 14-year surrender charge period offering multiple index options and one fixed interest rate option. It is designed to be a long-term retirement savings tool with a variety of options to help you achieve the standard of living you want during your retirement.
Available in states: AZ, AR, CO, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MI, MO, NE, NH, NM, NC, ND, RI, SD, TN, VT, VA, WV, WI, and WY
Type
Fixed Index
Purpose Lifetime Income
Premium Bonus
14%
Term
14 Years
Surrender schedule
14.75%13.75%12.75%11.75%10.75%10%9%8%7%6%5%4%3%2%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Flexible premium Product Life
Market value adjustment
Return of premium
Launch date
04/22/2011
Minimum contribution
$10,000
Maximum contribution
$1,000,000
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 Prosperity Elite 14 Protection is the right product for you.

Premium Notes

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 $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

All GMDB Rider values are reduced proportionately by withdrawals previously taken. If there are joint annuitants, the GMDB Rider benefit is only available upon the death of the first owner. 

Annuitization 
You must begin receiving annuity payments no later than the maturity date. The maturity date is fixed at contract issue and is no later than the contract anniversary following the annuitant’s (or the oldest annuitant’s if a second annuitant is named) 100th birthday. If annuity payments begin before the 5th contract anniversary, annuity payments are based on the surrender value. If annuity payments begin after the 5th contract anniversary, annuity payments are based on the greater of the account value and the MGSV. An annuity option may be changed any time before annuity payments begin.  If your annuity was issued in connection with a tax qualified plan, you may be required to take minimum distributions beginning at age 72½. 

Free Withdrawals 
Each contract year, after the end of the first contract year, free partial surrender of up to 10% of the vested account value as of the prior anniversary. 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4% Fixed
1-Year Gold PTP Cap
Point to Point
Annual
10.25% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
13.5% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.7% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.5% Cap
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread
Point to Point
Biennial
280% Participation
2-Year GS Global Factor PTP Participation Rate
Point to Point
Biennial
345% Participation
2-Year GS Global Factor PTP Participation Rate with Spread
Point to Point
Biennial
305% Participation
1-Year GS Global Factor PTP Participation Rate
Point to Point
Annual
205% Participation
2-Year CIBC Balanced Asset 5 PTP Participation Rate
Point to Point
Biennial
335% Participation
2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread
Point to Point
Biennial
295% Participation
1-Year CIBC Balanced Asset 5 PTP Participation Rate
Point to Point
Annual
205% Participation
1-Year S&P 500 Performance Trigger
Performance Triggered
Annual
6.5% 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
Prosperity Elite Protection Package Yes 0.35% annually (1.00% max)
Prosperity Elite Protection Package (HI, IL) Yes 0.35% annually (1.00% max)

Waivers

Nursing Home

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

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