Asset Guard FIA
Highlights
Type
|
Fixed Index |
---|---|
Purpose | Accumulation |
Term
|
4 Years |
Surrender schedule
|
8%8%7%7% |
Free withdrawal
|
10% |
Market value adjustment
|
|
Return of premium
|
|
Launch date
|
02/12/2024 |
Minimum contribution
|
$25,000 |
Maximum contribution
|
$5,000,000 |
Max Age Qualified
|
95 |
Types of funds
|
Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, 457 plan, 1035 Exchange, Stretch IRA, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Find out if the Asset Guard FIA is the right product for you.
Premium Notes
- Issue ages 0–95
- $25,000–$5M initial premium
- Accepts qualified or non-qualified funds
- Option to add up to $5M of additional premium after four years (during 45-day window)
- Ability to reallocate funds among the indices annually or biennially
- Participation rates and interest rates for fixed interest rate option guaranteed for 4 years
Withdrawal Provisions
- In all contract years, including the first year, the free withdrawal amount is 10% of the account value.
- If no withdrawal is taken in a given contract year, then the free withdrawal amount in the next contract year is 20% of the account value.
- Withdrawals will be first taken from the fixed interest rate account and then proportionally allocated across the investment options (unless the owner specifically requests the funds to be taken from specific index strategies).
- For qualified money, the required minimum distributions are free withdrawals if more than what is shown above.
- Living Benefit Riders (included at no additional fee): Critical Illness, Cognitive Impairment, Terminal Condition, Nursing Home Confinement and Home Health Care.
- Surrender charges are waived at the death of the owner
- Repeating surrender charge pattern with 45-day liquidity windows every 4th year
- During the 45-day liquidity windows, the entire account value is available for free withdrawal
- No market value adjustment
Allocation Accounts
Name | Type | Rates |
---|---|---|
4-Year Fixed Account |
Fixed
|
4%
Fixed
|
1-Year Barclays Fortune 500 12% VC PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Annual
|
120%
Participation
|
2-Year Barclays US Tech 12% PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Biennial
|
170%
Participation
|
2-Year Barclays US Tech 12% PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Biennial
|
115%
Participation
|
2-Year Barclays US Tech 12% PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
85%
Participation
|
1-Year Barclays US Tech 12% PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Annual
|
110%
Participation
|
1-Year Barclays US Tech 12% PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Annual
|
75%
Participation
|
1-Year Barclays US Tech 12% PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
55%
Participation
|
2-Year Barclays Fortune 500 12% VC PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Biennial
|
190%
Participation
|
2-Year Barclays Fortune 500 12% VC PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Biennial
|
125%
Participation
|
2-Year Barclays Fortune 500 12% VC PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
95%
Participation
|
1-Year Barclays Fortune 500 12% VC PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Annual
|
80%
Participation
|
1-Year Barclays Fortune 500 12% VC PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
60%
Participation
|
2-Year Barclays Agility Shield PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Biennial
|
270%
Participation
|
2-Year Barclays Agility Shield PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Biennial
|
180%
Participation
|
2-Year Barclays Agility Shield PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
135%
Participation
|
1-Year Barclays Agility Shield PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Annual
|
180%
Participation
|
1-Year Barclays Agility Shield PTP Participation Rate Guaranteed for Term Annual Booster |
Point to Point
Annual
|
120%
Participation
|
1-Year Barclays Agility Shield PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
90%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 |
---|---|---|---|---|
Penalty | 8% | 8% | 7% | 7% |
Riders
No Riders for Asset Guard FIA annuity.
Waivers
Death
Surrender charges are waived at the death of the owner.
Nursing Home
Nursing Home Confinement and Home Health Care are included at no additional fee.
Terminal Illness
Critical Illness, Cognitive Impairment, and Terminal Condition are included at no additional fee.
Surrender Window
There are no surrender charges during the first 45 days of each subsequent surrender charge period. During those 45 days, the owner may choose to: 1. Continue their contract and apply their accumulation value to a new 4-year surrender charge period. Additional premium may be deposited during this time. 2. Make a partial surrender without paying surrender charges and apply the remainder to a new surrender charge period. 3. Surrender their contract without paying surrender charges. Note: If the owner doesn’t provide written notice of their choice during the 45-day window, option 1 automatically becomes effective.
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