Income 150+ SE 7 Advisory: Rates & Review

Highlights

Income 150+ is a single premium fixed index annuity designed with a guaranteed lifetime withdrawal benefit which provides income through guaranteed Lifetime Annual Payments that clients cannot outlive (assuming no excess withdrawals).

Advisory Features

Registered Investment Advisory (RIA) withdrawal capabilities ranging from 0% to 1.50% in accordance with the IRS PLR
RIA withdrawals will not be taxable
RIA withdrawals will not reduce the Withdrawal Base, LAP, Available LAP or the Guaranteed Minimum Surrender Value
RIA withdrawals will not terminate the Deferral Bonus

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

Type	Fixed Index
Purpose	Lifetime Income
Term	7 Years
Surrender schedule	2%2%2%2%2%2%2%
Free withdrawal	10%
Market value adjustment
Return of premium
Launch date	08/27/2018
Minimum contribution	$10,000
Maximum contribution	$1,000,000
Max Age Qualified	85
Types of funds	Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and TSP
Brochure	Open brochure

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Premium Notes

Premium amount

$10,000 minimum premium
$1,000,000 maximum premium for ages 55-80 (as measured by total contribution per person for all annuities with the company)
$500,000 maximum premium for ages 81-85 (as measured by total contribution per person for all annuities with the company)

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

Withdrawal Provisions

Withdrawal

Up to 10% of the beginning-of-year contract value may be withdrawn annually without incurring a withdrawal charge. Withdrawal charges apply to amounts withdrawn in excess of the free withdrawal amount during the withdrawal charge period.
Any Required Minimum Distribution (RMD) imposed by the IRS on this contract Withdrawals taken prior to beginning income benefits and those greater than the GLWB amount will reduce the Withdrawal Base and Lifetime Annual Payment amount. The reduction will be proportionate to the resulting reduction in the contract value, which may reduce the Withdrawal Base by more than the amount withdrawn.

Market Value Adjustment (MVA)
Market Value Adjustment refers to the potential fluctuation of the surrender 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.

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3% Fixed
1-Year MSCI EAFE PTP Cap	Point to Point Annual	6.25% Cap
1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Annual	80% Participation
2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Biennial	110% Participation
1-Year Franklin US PTP Participation Rate	Point to Point Annual	80% Participation
2-Year Franklin US PTP Participation Rate	Point to Point Biennial	110% Participation
2-Year PIMCO Balanced PTP Participation Rate	Point to Point Biennial	150% Participation
1-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Annual	80% Participation
2-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Biennial	110% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	6.25% Cap
1-Year PIMCO Balanced PTP Participation Rate	Point to Point Annual	110% Participation
2-Year Franklin US PTP Spread	Point to Point Biennial	1.5% Spread
1-Year BlackRock Diversa Volatility Control PTP Cap	Point to Point Annual	8.75% Cap
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	4.5% Performance triggered
1-Year Fixed Account	Fixed	3.25% Fixed
1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Annual	90% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	6.5% Cap
2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Biennial	120% Participation
1-Year Franklin US PTP Participation Rate	Point to Point Annual	90% Participation
2-Year Franklin US PTP Participation Rate	Point to Point Biennial	120% Participation
2-Year PIMCO Balanced PTP Participation Rate	Point to Point Biennial	160% Participation
1-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Annual	90% Participation
2-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Biennial	120% Participation
1-Year MSCI EAFE PTP Cap	Point to Point Annual	6.5% Cap
1-Year BlackRock Diversa Volatility Control PTP Cap	Point to Point Annual	9% Cap
2-Year Franklin US PTP Spread	Point to Point Biennial	0.5% Spread
1-Year PIMCO Balanced PTP Participation Rate	Point to Point Annual	120% Participation
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	4.75% Performance triggered

Surrender schedule

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

Riders

Name	Inbuilt	Fee
Income 150+ Guaranteed Lifetime Income Benefit Plus	Yes	1.20% annually

Waivers

Nursing Home

Unavailable in states: CA

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 home waiver does not include home health care.

Terminal Illness

Unavailable in states: CA

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.

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