ForeStructured Growth II Advisory
ForeStructured Growth II Advisory
About Product
Performance Lock
Available on all Indexed Strategies and provides the opportunity to lock in growth or limit losses by locking in the Strategy Interim Value on the Performance Lock date. This may be exercised for each Indexed Strategy once per Strategy Term. Once you exercise Performance Lock, it is irrevocable.
Automatic Performance Lock
Available on all Indexed Strategies and provides the opportunity for Performance Lock to be triggered automatically based on targets set in advance. This may be exercised for each Indexed Strategy once per Strategy Term.
Strategy Interim Value
The daily account value for an Indexed Strategy on any Valuation Day during a Strategy Term other than the first and last day. Strategy Interim Value is calculated at the end of each Valuation Day. We will apply the Strategy Interim Value if amounts are withdrawn or otherwise removed from an Indexed Strategy before the end of a Strategy Term, including for partial withdrawals (including withdrawals to pay advisory fees, systematic withdrawals and Required Minimum Distributions under the Contract), full surrender of your Contract, cancellation, annuitization, Death Benefit payments, Performance Lock, and deductions for Rider Charges. Withdrawals prior to the end of a Strategy Term may have a negative impact on the Strategy Interim Value due to any applicable Withdrawal Charge, negative MVA and prorated Rider Charge, which may be significant.
Aggregate Floor
The dollar amount representing the guaranteed Strategy Contract Value floor applicable to each Strategy Term of the Aggregate Floor Indexed Strategy. The initial Aggregate Floor is equal to 90% of your initial investment allocation to the Aggregate Floor Indexed Strategy. The Aggregate Floor amount may increase due to positive Index performance from one consecutive Strategy Term to the next , as well as from transfers of additional Strategy Contract Value into the Aggregate Floor Indexed Strategy at the start of any new consecutive Strategy Term. The Aggregate Floor amount may also increase or decrease upon the election of the reset feature.
This strategy is not currently available in the database, please see the Official carrier illustrations.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 6-Year S&P 500 Dual Directional Yield with 20% Buffer |
Dual Direction Yield
6-Year
|
6.25%
Performance triggered
|
| 6-Year S&P 500 Dual Directional Yield with 10% Buffer |
Dual Direction Yield
6-Year
|
7.25%
Performance triggered
|
| 6-Year S&P 500 Dual Directional Trigger with Cap with 25% Buffer |
Dual Direction Trigger With Cap
6-Year
|
65%
Cap
25%
Performance triggered
|
| 6-Year S&P 500 Dual Directional Trigger with Cap with 20% Buffer |
Dual Direction Trigger With Cap
6-Year
|
80%
Cap
20%
Performance triggered
|
| 6-Year S&P 500 Dual Directional Trigger with Cap with 15% Buffer |
Dual Direction Trigger With Cap
6-Year
|
120%
Cap
15%
Performance triggered
|
| 1-Year Nasdaq-100 Dual Directional Trigger with 20% Buffer |
Dual Direction Trigger
Annual
|
6.25%
Performance triggered
|
| 1-Year S&P 500 Dual Directional Trigger with 10% Buffer |
Dual Direction Trigger
Annual
|
8.25%
Performance triggered
|
| 1-Year S&P 500 Dual Directional Trigger with 20% Buffer |
Dual Direction Trigger
Annual
|
5.5%
Performance triggered
|
| 1-Year Nasdaq-100 Dual Directional Trigger with 10% Buffer |
Dual Direction Trigger
Annual
|
10%
Performance triggered
|
| 1-Year Nasdaq-100 Dual Directional Cap with 20% Buffer |
Dual Directional
Annual
|
7.25%
Cap
|
| 6-Year S&P 500 Dual Directional Cap with 15% Buffer |
Dual Directional
6-Year
|
140%
Cap
|
| 6-Year S&P 500 Dual Directional Cap with 20% Buffer |
Dual Directional
6-Year
|
95%
Cap
|
| 6-Year S&P 500 Dual Directional Cap with 25% Buffer |
Dual Directional
6-Year
|
75%
Cap
|
| 1-Year Nasdaq-100 Dual Directional Cap with 15% Buffer |
Dual Directional
Annual
|
10.75%
Cap
|
| 1-Year Nasdaq-100 Dual Directional Cap with 10% Buffer |
Dual Directional
Annual
|
15%
Cap
|
| 1-Year S&P 500 Dual Directional Cap with 20% Buffer |
Dual Directional
Annual
|
6.5%
Cap
|
| 1-Year S&P 500 Dual Directional Cap with 15% Buffer |
Dual Directional
Annual
|
8.5%
Cap
|
| 1-Year S&P 500 Dual Directional Cap with 10% Buffer |
Dual Directional
Annual
|
12%
Cap
|
| 6-Year S&P 500 Tiered Participation Rate (20% tier) with 5% Buffer |
Tiered Participation Rate
6-Year
|
100%
Participation
|
| 6-Year S&P 500 Tiered Participation Rate (20% tier) with 10% Buffer |
Tiered Participation Rate
6-Year
|
100%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3.9%
Fixed
|
| 6-Year S&P 500 PTP Participation Rate with 25% Buffer |
Point to Point
6-Year
|
100%
Participation
|
| 6-Year S&P 500 PTP Participation Rate with 15% Buffer |
Point to Point
6-Year
|
109%
Participation
|
| 6-Year S&P 500 PTP Cap with 25% Buffer |
Point to Point
6-Year
|
425%
Cap
|
| 6-Year S&P 500 PTP Cap with 15% Buffer |
Point to Point
6-Year
|
625%
Cap
|
| 3-Year S&P 500 PTP Participation Rate with 20% Buffer |
Point to Point
Triennial
|
95%
Participation
|
| 3-Year S&P 500 PTP Participation Rate with 15% Buffer |
Point to Point
Triennial
|
100%
Participation
|
| 3-Year S&P 500 PTP Participation Rate with 10% Buffer |
Point to Point
Triennial
|
105%
Participation
|
| 1-Year S&P 500 PTP Cap with 20% Buffer |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year Nasdaq-100 PTP Cap with 20% Buffer |
Point to Point
Annual
|
12.75%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with 20% Buffer |
Point to Point
6-Year
|
106%
Participation
|
| 3-Year S&P 500 PTP Cap with 20% Buffer |
Point to Point
Triennial
|
45%
Cap
|
| 3-Year S&P 500 PTP Cap with 15% Buffer |
Point to Point
Triennial
|
60%
Cap
|
| 3-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Triennial
|
100%
Cap
|
| 1-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Annual
|
14.5%
Cap
|
| 1-Year Nasdaq-100 PTP Participation Rate with 10% Buffer |
Point to Point
Annual
|
80%
Participation
|
| 1-Year S&P 500 PTP Participation Rate with 10% Buffer |
Point to Point
Annual
|
85%
Participation
|
| 1-Year S&P 500 PTP Cap with 15% Buffer |
Point to Point
Annual
|
12%
Cap
|
| 6-Year S&P 500 PTP Cap with 20% Buffer |
Point to Point
6-Year
|
525%
Cap
|
| 1-Year S&P 500 PTP Cap with 0% Floor |
Point to Point
Annual
|
7.5%
Cap
|
| 1-Year Nasdaq-100 PTP Cap with 10% Buffer |
Point to Point
Annual
|
19.25%
Cap
|
| 1-Year Nasdaq-100 PTP Cap with 15% Buffer |
Point to Point
Annual
|
14.75%
Cap
|
| 3-Year S&P 500 Performance Trigger with 15% Buffer |
Performance Triggered
Triennial
|
24%
Performance triggered
|
| 3-Year S&P 500 Performance Trigger with 20% Buffer |
Performance Triggered
Triennial
|
22%
Performance triggered
|
| 1-Year Nasdaq-100 Performance Trigger with 15% Buffer |
Performance Triggered
Annual
|
10.25%
Performance triggered
|
| 3-Year S&P 500 Performance Trigger with 10% Buffer |
Performance Triggered
Triennial
|
26%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger with 10% Buffer |
Performance Triggered
Annual
|
9.25%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger with 15% Buffer |
Performance Triggered
Annual
|
8.25%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger with 20% Buffer |
Performance Triggered
Annual
|
7.25%
Performance triggered
|
| 1-Year Nasdaq-100 Performance Trigger with 10% Buffer |
Performance Triggered
Annual
|
11.75%
Performance triggered
|
| 1-Year Nasdaq-100 Performance Trigger with 20% Buffer |
Performance Triggered
Annual
|
9.25%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 2% | 2% | 2% | 2% | 2% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| ForeStructured Growth ROP Death Benefit Age 71+ | No | 0.50% annually |
| ForeStructured Growth ROP Death Benefit Age 0-70 | No | 0.20% annually |
Waivers
Bail-Out
The bailout waiver provides option to surrender or take a partial withdrawal from your Contract without Withdrawal Charges and a MVA, if the upside Crediting Rate for a Indexed Strategy for that Strategy Term is set less favorable than the bailout rate for that strategy. Six year Indexed Strategies do not have a bailout waiver because Withdrawal Charges and MVAs do not apply after the sixth Contract Year. You do not have to allocate your Contract Value to the Indexed Strategy that is eligible for the bailout waiver in order for you to exercise the bailout waiver and surrender your Contract. The waiver will apply automatically to any withdrawal or surrender request that occurs during a Contract Year in which the bailout provision is triggered for any Indexed Strategy.
Nursing Home
At any time on or after the Issue Date of the contract, 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
- 0–85
- Minimum: $25,000
- Maximum (Issue Ages 0-80): $1,000,000 without prior approval (as measured by total premium per person for all annuities with the company)
- Maximum (Issue Ages 81-85): $500,000 without prior approval (as measured by total premium per person for all annuities with the company)
Withdrawal Provisions
Free Withdrawals Up to 10% of the Contract Value may be withdrawn annually without incurring a Withdrawal Charge (as described above) and an (MVA). All withdrawals from Indexed Strategies are based on the Strategy Interim Value if taken prior to the end of the Strategy Term, even if within the Free Withdrawal Amount. This Free Withdrawal Amount may be taken from the One-Year Fixed Strategy/Indexed Crediting Strategies; a separate Free Withdrawal Amount may be taken from the Performance Credit Account (PCA), available only with the Dual Directional Yield Interest Crediting Strategy. The Free Withdrawal Amount from the Performance Credit Account is always equal to the Performance Credit Account Value. Withdrawals attributed to the PCA are not subject to a Withdrawal Charge or MVA. Withdrawals from the PCA do not reduce the Free Withdrawal Amount remaining for withdrawals attributed to Indexed Strategies or the One-Year Fixed Strategy. Refer to the prospectus for more details regarding the Performance Credit Account. Systematic Withdrawals to Pay Advisory Fee Owners of an I-share class Contract may request withdrawals from Contract Value to pay advisory fees up to a maximum rate of 1.5% per annum. Market Value Adjustment (MVA) Market Value Adjustment refers to the potential fluctuation of the surrender Adjustment (MVA) value of the annuity in response to market conditions. Applies during the withdrawal charge period on withdrawals in excess of the free partial withdrawal amount. The MVA also applies to annuitization during the withdrawal charge period when a withdrawal charge would also apply. It may result in an increase or decrease in values.
- A.M. Best A
- Fitch A
- S&P A-
- Moody's A2
- Comdex 75
