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Choice Accumulation II Edge 5

The Choice Accumulation II Edge 5 Annuity offers peace of mind for retirees. It boasts a solid, reliable income stream and safeguards your money. It's a fantastic option for those prioritizing long-term growth.

You'll appreciate the low fees and flexibility this annuity has. Plus, the ‘Edge 5’ feature adds an advantage, enhancing your potential earnings. A smart choice for a secure future!

Choice Accumulation II Edge 5

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About Product

Type

Fixed Index

Purpose

Accumulation & Legacy

Term

5 Years

Surrender schedule

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP

Launch Date

06/22/2020

The Choice Accumulation II Edge 5 is a single premium fixed index annuity that offers both upside opportunity and downside market protection. The Enhanced Accumulation Strategy (EAS) offers a Guaranteed Participation Rate during the Withdrawal Charge Period.

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

Allocation Accounts

Name	Type	Rates
1-Year Janus SG Global Trends PTP EAS Participation Rate	Threshold Part Rate Next Year Enhanced Annual	130% Participation
1-Year Franklin US PTP EAS Participation Rate	Threshold Part Rate Next Year Enhanced Annual	80% Participation
1-Year Morgan Stanley Inflation Aware PTP EAS Participation Rate	Threshold Part Rate Next Year Enhanced Annual	90% Participation
1-Year Fixed Account	Fixed	3.65% 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
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	3.75% Fixed
2-Year Franklin US PTP Spread	Point to Point Biennial
1-Year S&P 500 PTP Cap	Point to Point Annual	7.75% Cap

Surrender schedule

Year	1	2	3	4	5
Penalty	8%	8%	7%	6%	5%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

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

Min. issue
$25,000

Max. Issue
$1 million 0-80
$500,000 81-85

NQ stretch and Inherited/Beneficiary IRA Requires use of systematic Withdrawal Program (life expectancy option) and has a maximum issue age of 75. Additionally, the Optional Enhanced Death Benefit is not allowed on these plan types. Beneficiary must be either spouse of original owner at time of death or less than 10 years younger than original owner.

Note: TSP funds have to be rolled into an IRA.

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 Withdrawals during the Withdrawal Charge Period may be subject to Withdrawal Charges and any applicable Market Value Adjustment. You may make cumulative withdrawals each Contract Year of up to 10% of the Contract Value at the beginning of each Contract Year without incurring Withdrawal Charges or Market Value Adjustments. If you withdraw less than the available Free Withdrawal Amount in any Contract Year, your available Free Withdrawal Amount in future Contract Years will not increase. 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

Company Founded: 2004

Excellent Rated Company

Global Atlantic Financial Group

Company Ratings

4.5