FlexPlus 7
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Learn how an annuity can provide guaranteed income for life.
Highlights
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Premium Type
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Flexible Premium
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|---|---|
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Free withdrawal
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1st year: 0% 2nd+ year: 10% |
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Types of funds
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Non-Qualified, and IRA |
Brochure
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Open brochure |
The FlexPlus 7 Annuity is a Flexible Premium Deferred Annuity that features a competitive interest rate. Beginning on the first day of the second year, the annuity will earn a portfolio interest rate, which may go up or down, but will never be less than the contract's minimum guaranteed rate. There are no up-front sales charges or annual fees.
PENALTY-FREE WITHDRAWAL
PENALTY-FREE WITHDRAWAL
- 100% of Accumulated Interest or 10% of Year End Accumulation Value after 1st Contract Year
- Minimum interest payment—$200
Commission Charge-back
Free Look Cancellation - Surrender Within 6 months of Issue - 100% for death within 6 months of Issue – 50% for death within 7-12 months of issue
Rate Hold Policy
45 Days from the date of interest Rate Change
FlexPlus annuity includes a full accumulation value death benefit and the Terminal Illness
Free Look Cancellation - Surrender Within 6 months of Issue - 100% for death within 6 months of Issue – 50% for death within 7-12 months of issue
Rate Hold Policy
45 Days from the date of interest Rate Change
FlexPlus annuity includes a full accumulation value death benefit and the Terminal Illness
Traditional Fixed Annuity Interest Rates
| Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
|---|---|---|---|
| 7 | 3.15% | 1.31% | 3.15% |