Safe Income Advantage
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Highlights
Safe Income Advantage is a Flexible Premium Fixed Indexed Deferred Annuity. This policy includes an Enhanced Guaranteed Minimum Withdrawal Benefit Rider. The included EGMWB Rider could benefit customers who wish to trigger a lifetime withdrawal feature. You may deposit premium at any time prior to the Maturity Date and before electing to begin the Withdrawal Period under the EGMWB Rider.
Eligible ages
Non-qualified: 0-80
Qualified: 18-80
If joint owner, eligibility is based on older owner’s age
Eligible ages
Non-qualified: 0-80
Qualified: 18-80
If joint owner, eligibility is based on older owner’s age
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
10 Years |
|
Surrender schedule
|
12%11%10%9%8%7%6%5%4%3% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
1.75%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
2.5%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
2.5%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1%
Cap
|
| 1-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Annual
|
75%
Participation
1%
Spread
|
| 1-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
100%
Participation
1%
Spread
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Biennial
|
125%
Participation
|
| 1-Year BlackRock Market Advantage PTP Participation Rate with Spread |
Point to Point
Annual
|
50%
Participation
|
| 2-Year BlackRock Market Advantage PTP Participation Rate with Spread |
Point to Point
Biennial
|
70%
Participation
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
2.25%
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 |
|---|---|---|
| Safe Income Advantage: EGMWB Level | Yes | 1.15% annually (1.50% max) |
| Safe Income Advantage: EGMWB Increasing | Yes | 1.15% annually (1.50% max) |
| Safe Income Advantage: EGMWB Inflation-Adjusted | Yes | 1.15% annually (1.50% max) |