Choice Accumulation II Edge 10
The Choice Accumulation II Edge 10 is a fantastic annuity product, custom-made for those preparing for a leisurely retirement. This plan guarantees steady income, ensuring you can kick back without worry.
With lots of features - a 10-year accumulation period and flexible payout options - it's designed for peace of mind, making your golden years truly golden.
Choice Accumulation II Edge 10
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Janus SG Global Trends PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
135%
Participation
|
| 1-Year Franklin US PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
85%
Participation
|
| 1-Year Morgan Stanley Inflation Aware PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
95%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3.9%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.25%
Cap
|
| 2-Year Franklin US PTP Spread |
Point to Point
Biennial
|
|
| 1-Year Janus SG Global Trends PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
140%
Participation
|
| 1-Year Franklin US PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
90%
Participation
|
| 1-Year Morgan Stanley Inflation Aware PTP EAS Participation Rate |
Threshold Part Rate Next Year Enhanced
Annual
|
100%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 2-Year Franklin US PTP Spread |
Point to Point
Biennial
|
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Optional Enhanced Death Benefit (ages 0-70) | No | 0.50% annually |
| Optional Enhanced Death Benefit (ages 71-80) | No | 0.95% annually |
Waivers
Bail-Out
The Contract Value may be withdrawn with no Withdrawal Charges or MVA if after the Initial Strategy Term expires the renewal rates/caps are set at rates below (above for spread-based strategies) the Bailout Rate (Withdrawal Charge Waiver Rate).
Nursing Home
At any time on or after the Issue Date of the policy, if you should become confined to an approved nursing facility for at least 90 consecutive days, withdrawal charges and MVA on any portion of the contract value withdrawn will be waived. The nursing care waiver does not include home health care.
Terminal Illness
If you have been diagnosed with a terminal illness after the first contract anniversary, withdrawal charges and MVA will be waived on any portion of the contract value withdrawn.
Premium Notes
$25,000
$1 million 0-80
$500,000 81-85
Withdrawal Provisions
Death Benefit Remaining contract value passes to beneficiaries at no additional charge. Optional Enhanced Death Benefit Optional enhanced death benefit will be available at an annual cost of 0.50%, assessed at the end of the contract year, based off of the Enhanced Death Benefit amount. The benefit will be comprised of a guaranteed roll-up of 7.00% simple interest for 15 years based off of premiums, less withdrawals. All withdrawals will reduce the benefit. A minimum issue age of 0 and maximum age of 75 will apply.Free Withdrawals The free withdrawal amount is the greater of: 10% of beginning-of-year contract value Any Required Minimum Distribution (RMD) imposed by the IRS on this contract
- A.M. Best A
- Fitch A
- S&P A-
- Moody's A2
- Comdex 75
