Secure Retirement 10 Boost
Secure Retirement 10 Boost
About Product
High-Water Mark
To determine potential interest, we look at the index value on each monthly anniversary throughout the strategy term. The highest of these monthly values is compared to the index value at the beginning of the term. The percentage increase from the initial value to the highest monthly value, multiplied by the Participation Rate, determines the credited interest. (1-year strategy: 12 monthly measurements; 2-year strategy: 24 monthly measurements).
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year S&P Market Agility 10 TCA High Water Mark Participation Rate |
High Water Mark
Annual
|
50%
Participation
|
| 2-Year S&P Market Agility 10 TCA High Water Mark Participation Rate |
High Water Mark
Biennial
|
75%
Participation
|
| 1-Year Nasdaq-100 Volatility Control 5% High Water Mark Participation Rate |
High Water Mark
Annual
|
90%
Participation
|
| 2-Year Nasdaq-100 Volatility Control 5% High Water Mark Participation Rate |
High Water Mark
Biennial
|
120%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3.75%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year Nasdaq-100 PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 1-Year Nasdaq-100 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for Secure Retirement 10 Boost annuity.
Waivers
Nursing Home
After the first Contract Year, if you're confined to a nursing home for 90+ days and meet the eligibility requirements, you can withdraw up to 50% of the Contract Value. Please see the Certificate of Disclosure for more information.
Terminal Illness
After the first Contract Year, if diagnosed with a terminal illness with a life expectancy of 12 months or less and meeting eligibility requirements, you can withdraw up to 100% of the Contract Value. Please see the Certificate of Disclosure for more information.
ADL
After the first Contract Year, if you cannot perform 2 of 6 Activities of Daily Living without assistance, receive Home Health Care and meet eligibility requirements, you can withdraw up to 25% of the Contract Value annually for 5 years. Please see the Certificate of Disclosure for more information.
Confinement
After the first Contract Year, if diagnosed with a Critical Illness (Invasive Cancer, Heart Attack, Stroke, End Stage Renal Disease, or Major Organ Failure), you can withdraw up to 25% of the Contract Year. Please see the Certificate of Disclosure for more information.
Withdrawal Provisions
Free Withdrawals After the first Contract Year, you can withdraw up to 5% of your Contract Value or your Required Minimum Distribution (RMD) each year without Withdrawal Charges or Market Value Adjustments. Cumulative Free Withdrawals If no free withdrawals are taken in any given year, the unused amount accumulates, up to the cumulative maximum of 25% of your Contract Value. Taking any withdrawal resets the amount available to 5% of your Contract Value in the following year. Market Value Adjustment (MVA) An MVA applies to a full or any partial withdrawal to which a withdrawal charge applies and can either decrease or increase the amount received from a full or partial withdrawal. It does not apply after the withdrawal charge period. The amount of this increase or decrease is determined by the changes in interest rates since you purchased your annuity and the amount of time left in the withdrawal charge period.
- A.M. Best B++
