Index Protector 4 Non-MVA
Highlights
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|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
|
4 Years |
|
Surrender schedule
|
5.6%5.6%5.6%5.6% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
01/06/2020 |
|
Minimum contribution
|
$50,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
90 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, SIMPLE IRA, 457 plan, Inherited IRA, and NQ Stretch |
Brochure
|
Open brochure |
Find out if the Index Protector 4 Non-MVA is the right product for you.
Premium Notes
Issued with single purchase payment
Subsequent purchase payments accepted in the first two contract months.
Subsequent: $25,000
Great American only allows additional premiums to be added as a Lump Sum, Periodic Payments are not allowed.
- $50,000
- $2 million for ages 0-75
- $1.5 million for ages 76-80
- $1 million for ages 81+ without prior Home Office approval
- Inherited IRA 0-75
- Inherited non-qualified 0-75
- Qualified 0-90
- Non-qualified 0-90
Withdrawal Provisions
- During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge.
- After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge.
Amounts applied to pay advisory fees up to 1.5 per year are not subject to an MVA and do not reduce the free withdrawal allowance. This favorable treatment advisory fees is provided under endorsement E6061519NW. For states that haven't approved the endorsement, the favorable treatment is non-contractual.
Easy systematic payment (ESP) program (non-contractual)
The fixed dollar and RMD options are available.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
5.4%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.75%
Cap
|
| 1-Year iShares MSCI EAFE ETF PTP Cap |
Point to Point
Annual
|
11.5%
Cap
|
| 1-Year US Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
85%
Participation
|
| 1-Year S&P 500 Average DRC 10% PR PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year iShares US Real Estate PTP Cap |
Point to Point
Annual
|
12.5%
Cap
|
| 1-Year Fixed Account |
Fixed
|
5.5%
Fixed
|
| 1-Year iShares MSCI EAFE ETF PTP Cap |
Point to Point
Annual
|
12%
Cap
|
| 1-Year US Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
90%
Participation
|
| 1-Year S&P 500 Average DRC 10% PTP Participation Rate |
Point to Point
Annual
|
85%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11%
Cap
|
| 1-Year iShares US Real Estate PTP Cap |
Point to Point
Annual
|
13%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 |
|---|---|---|---|---|
| Penalty | 6% | 6% | 6% | 6% |
Riders
No Riders for Index Protector 4 Non-MVA annuity.
Waivers
Terminal Illness
Unavailable in states: MA
Provided that the diagnosis is rendered more than one year after the contract effective date, up to 100% of the account value can be withdrawn without incurring an early withdrawal charge if the owner or joint owner is diagnosed by a physician as having a terminal illness with a prognosis of 12 months or less.
Extended Care
Unavailable in states: MA
To help ease the strain of certain unforeseen events, an extended care waiver is available for no additional charge. If the owner is confined to a nursing home or other long-term care facility after the completion of the first contract year for at least 90 consecutive days, early withdrawal charges may be waived on withdrawals up to a full surrender. The nursing home waiver does not include home health care.
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