FIA Plus 10 with Premium Bonus
The FIA Plus 10 with Premium Bonus is a fantastic budget tool for both retirees and those planning for their golden years. Its high bonus rates and guaranteed earnings give a reassuring sense of financial security.
Based on the brochure, this annuity stands out with commendable contract value growth even under volatile market conditions. It is a delightful balance of risk and reward! Simple, reliable, and effective, perfect for a carefree retirement!
FIA Plus 10 with Premium Bonus
About Product
Floor Limits available include: 0%, -2.5%, -5%, -10%, -15%
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.3%
Fixed
|
| 1-Year Declared Rate with -2.5% Floor |
Fixed
|
2.5%
Fixed
|
| 1-Year Declared Rate with -5% Floor |
Fixed
|
2.5%
Fixed
|
| 1-Year Declared Rate with -10% Floor |
Fixed
|
2.5%
Fixed
|
| 1-Year Declared Rate with -15% Floor |
Fixed
|
2.5%
Fixed
|
| 1-Year Declared Rate with 0% Floor |
Fixed
|
2.5%
Fixed
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with 0% Floor |
Point to Point
Annual
|
53%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -10% Floor |
Point to Point
Annual
|
137%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -15% Floor |
Point to Point
Annual
|
155%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -10% Floor |
Point to Point
Annual
|
139%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -5% Floor |
Point to Point
Annual
|
103%
Participation
|
| 1-Year S&P 500 PTP Cap with 0% Floor |
Point to Point
Annual
|
4.5%
Cap
|
| 1-Year S&P 500 PTP Cap with -2.5% Floor |
Point to Point
Annual
|
5.75%
Cap
|
| 1-Year S&P 500 PTP Cap with -5% Floor |
Point to Point
Annual
|
7%
Cap
|
| 1-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 PTP Cap with -15% Floor |
Point to Point
Annual
|
12%
Cap
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with 0% Floor |
Point to Point
Annual
|
60%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -2.5% Floor |
Point to Point
Annual
|
92%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -5% Floor |
Point to Point
Annual
|
114%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -15% Floor |
Point to Point
Annual
|
146%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -2.5% Floor |
Point to Point
Annual
|
78%
Participation
|
| 1-Year Declared Rate with -10% Floor |
Fixed
|
2.7%
Fixed
|
| 1-Year Declared Rate with -5% Floor |
Fixed
|
2.7%
Fixed
|
| 1-Year Declared Rate with -2.5% Floor |
Fixed
|
2.7%
Fixed
|
| 1-Year Declared Rate with -15% Floor |
Fixed
|
2.7%
Fixed
|
| 1-Year Declared Rate with 0% Floor |
Fixed
|
2.7%
Fixed
|
| 1-Year Fixed Account |
Fixed
|
2.5%
Fixed
|
| 1-Year S&P 500 PTP Cap with 0% Floor |
Point to Point
Annual
|
5.5%
Cap
|
| 1-Year S&P 500 PTP Cap with -2.5% Floor |
Point to Point
Annual
|
6.75%
Cap
|
| 1-Year S&P 500 PTP Cap with -5% Floor |
Point to Point
Annual
|
8%
Cap
|
| 1-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year S&P 500 PTP Cap with -15% Floor |
Point to Point
Annual
|
13%
Cap
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with 0% Floor |
Point to Point
Annual
|
67%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -2.5% Floor |
Point to Point
Annual
|
98%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -5% Floor |
Point to Point
Annual
|
120%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -15% Floor |
Point to Point
Annual
|
161%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -10% Floor |
Point to Point
Annual
|
145%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -5% Floor |
Point to Point
Annual
|
109%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -2.5% Floor |
Point to Point
Annual
|
84%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with 0% Floor |
Point to Point
Annual
|
59%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -15% Floor |
Point to Point
Annual
|
153%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -10% Floor |
Point to Point
Annual
|
144%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for FIA Plus 10 with Premium Bonus annuity.
Waivers
Bail-Out
Unavailable in states: FL
If the declared Floor S&P 500 Annual Point to Point with Cap Rate ever falls below the corresponding declared Bailout Rate, contract owners have up to 30 days to withdraw any amount up to the full Tracking Value plus Fixed Interest Strategy Value without withdrawal charges, market value adjustments or premium bonus vesting adjustments.
Terminal Illness
Unavailable in states: CA
Eligibility after the first contract anniversary, however, diagnosis may have occurred prior. Diagnosis must be made by a certified physician that death will occur in 12 months or less. Not available in all states
Extended Care
Unavailable in states: CA
Eligibility begins after the first contract anniversary. Must be confined to a Hospital or certified. Long-Term Care facility for 90 consecutive days. Not available in all states.
Premium Notes
FIA Plus 10: 0-82
If jointly owned, eligibility is based on older owner’s age
Premiums
Minimum Premium: $25,000.00
Maximum Premium: $1,500,000.00
Allocation Options
- Fixed Interest Strategy: Allocations to this strategy credits a fixed rate of interest (credited daily) and creates a Fixed Interest Strategy Value. This rate is guaranteed for one year and can change annually on the contract anniversary. Initial allocations and any transfers to the Fixed Interest Strategy may not be reallocated to the Index-Linked Strategy on any contract anniversary.
- Index-Linked Strategy: The Tracking Value is tracked daily and receives positive or negative Tracking Value Adjustments based on index performance, the applicable cap or participation rates or the annual declared rate.
Withdrawal Provisions
Penalty-Free Withdrawals and Required Minimum Withdrawals After the first contract anniversary, 10% of the sum of the Tracking Value and Fixed Interest Strategy Value from the previous contract anniversary is available for withdrawal free of any withdrawal charges or or Market Value Adjustment (“MVA”). Any time a withdrawal exceeds the penalty-free amount, the excess will incur a surrender charge, and an MVA will be applied. Required Minimum Withdrawals (“RMDs”) are mandatory withdrawals from qualified contracts. RMDs are not available during the first year and must be processed by the current carrier prior to any transfer. Thereafter, RMDs will be treated as Penalty-Free Withdrawals up to the RMD amount, even if it exceeds the stated free withdrawal amount. Minimum Account Balance After Surrenders and Withdrawals $5,000 Minimum Surrender and Withdrawal Amount $1,000 Systematic Withdrawal Provision Two automatic payment options for payment of either a specific amount or interest only on a repetitive basis. Minimum payment per mode is $100. Subject to Penalty-Free Withdrawals and RMD limitations. Frequency: monthly, quarterly, semi-annual or annual
- A.M. Best A-
