Future Flex FIA
The Future Flex FIA lives up to its name in helping plan for a comfortable future. It offers principal protection and flexibility to adapt to changing economic rounds. By balancing risks and growth potentials, it aligns perfectly with retiree needs for steady income. Best of all, the interest grows tax-free until withdrawal!
The Future Flex FIA provides a fixed income stream for life, eliminating worries of outliving savings. Its variety of indices options guarantee a competitive earning potential, ensuring your hard-earned money is not just secure but also productive. This annuity product is truly a promising tool for a stress-free retirement!
Future Flex FIA
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 2-Year Barclays Fortune 500 12% VC PTP Participation Rate |
Point to Point
Biennial
|
95%
Participation
|
| 1-Year Barclays US Tech 12% PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year Barclays US Tech 12% PTP Participation Rate Annual Booster |
Point to Point
Annual
|
75%
Participation
|
| 1-Year Barclays US Tech 12% PTP Participation Rate Annual Booster |
Point to Point
Annual
|
110%
Participation
|
| 2-Year Barclays US Tech 12% PTP Participation Rate |
Point to Point
Biennial
|
85%
Participation
|
| 2-Year Barclays US Tech 12% PTP Participation Rate Annual Booster |
Point to Point
Biennial
|
115%
Participation
|
| 2-Year Barclays US Tech 12% PTP Participation Rate Annual Booster |
Point to Point
Biennial
|
170%
Participation
|
| 1-Year Barclays Fortune 500 12% VC PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year Barclays Fortune 500 12% VC PTP Participation Rate Annual Booster |
Point to Point
Annual
|
80%
Participation
|
| 1-Year Barclays Fortune 500 12% VC PTP Participation Rate Annual Booster |
Point to Point
Annual
|
120%
Participation
|
| 2-Year Barclays Fortune 500 12% VC PTP Participation Rate Annual Booster |
Point to Point
Biennial
|
125%
Participation
|
| 2-Year Barclays Fortune 500 12% VC PTP Participation Rate Annual Booster |
Point to Point
Biennial
|
190%
Participation
|
| 1-Year Barclays Agility Shield PTP Participation Rate |
Point to Point
Annual
|
90%
Participation
|
| 1-Year Barclays Agility Shield PTP Participation Rate Annual Booster |
Point to Point
Annual
|
120%
Participation
|
| 1-Year Barclays Agility Shield PTP Participation Rate Annual Booster |
Point to Point
Annual
|
180%
Participation
|
| 2-Year Barclays Agility Shield PTP Participation Rate |
Point to Point
Biennial
|
135%
Participation
|
| 2-Year Barclays Agility Shield PTP Participation Rate Annual Booster |
Point to Point
Biennial
|
180%
Participation
|
| 2-Year Barclays Agility Shield PTP Participation Rate Annual Booster |
Point to Point
Biennial
|
270%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 |
|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 7% |
Riders
No Riders for Future Flex 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.
Premium Notes
- Issue ages 0–95
- $10,000–$5M initial premium
- Accepts qualified or non-qualified funds
- Add premium throughout your contract ($1,000 min., $5M max. per year, and $10M max. per contract)
- Ability to reallocate funds among the indices annually or biennially
- Participation rates are guaranteed annually or biennially
Withdrawal Provisions
Free withdrawalIn 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 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
- A.M. Best A-
