SecureFore II 3-Year

SecureFore II 3 offers a fixed interest rate period of three years. The interest rate schedule Rate Period for the initial guaranteed rate period is locked upon purchase. Clients may withdraw up to 10% of the beginning-of-year contract value each year after the first contract year (10% of Annuity Deposit in the first Contract Year) without incurring withdrawal charges. Any Required Minimum Distribution (RMD) imposed by the IRS on this contract, even if it exceeds the free withdrawal amount (except in the year of full surrender). Annual free withdrawals will equal the greater of these two amounts. State variations apply.

The principal is 100% guaranteed if held to the end of the withdrawal charge period Less prior withdrawals and less withdrawal charges on any prior withdrawals. Withdrawal charges are not assessed on free withdrawals. Amounts withdrawn in excess of the free withdrawal amount may be subject to withdrawal charges. Withdrawals of taxable amounts are subject to ordinary income tax and may be subject to a 10% federal income tax penalty if taken before age 59 1/2.

Premium Payment
Single premium 
Minimum

Maximum

Market Value Adjustment (MVA)
A 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.
Taxable distributions (including certain deemed distributions) are subject to ordinary income taxes, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Payments from IRAs are taxable in accordance with the normal rules surrounding taxation of payments from an IRA. Early withdrawal charges may also apply. Withdrawals may reduce any optional guaranteed amounts in an amount more than the actual withdrawal.

Death Benefit
Beneficiaries will receive the full Contract Value amount without incurring any Withdrawal Charges.

Chronic & Critical Illness Rider
The benefit is not available if the Covered Person is over the age of 65 at the time the contract is issued. This Rider waives the Withdrawal Charge and any applicable Market Value Adjustment on any withdrawal of Contract Value after the Benefit Eligibility Date specified in the Rider and after we receive proof that a Covered Person is either: (1) Diagnosed with a Critical Illness after the Issue Date of the Contract; or (2) Certified as having a Chronic Illness after the Issue Date of the Contract. Critical Illness means a medical condition, such as cancer or major organ failure, for which a Diagnosis is made by a Physician or Licensed Health Care Practitioner as defined in the Rider, that, in the absence of treatment, will result in death within the Critical Illness Life Expectancy Period. Chronic Illness means the inability to perform two or more Activities of Daily Living for a period of at least 90 consecutive calendar days for which certification is made by a Licensed Health Care Practitioner.