Ibexis Life & Annuity Insurance Company
4.4
based on complex data
Annuity Educator Rating
Annuity review

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-brochure FIA Plus 10 with Premium Bonus-brochure

FIA Plus 10 with Premium Bonus

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About Product

Type
Fixed Index
Purpose
Accumulation
Premium Bonus
16%
Term
10 Years
Surrender schedule
9%
9%
8%
7.25%
6.25%
5%
4%
3%
2%
1%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$1,500,000
Max Age Qualified
82
Types Of Funds
Non-Qualified, 401k, Profit Sharing, IRA, Pension, IRA Rollover, and TSA 403b
Launch Date
05/01/2023
The FIA Plus is a single-premium, deferred annuity from Ibexis Life & Annuity Insurance Company. Initial premium may be allocated to the Index-Linked Strategy or the Fixed Interest Strategy, in any combination. The Floor for any initial premium allocation in the Index-Linked Strategy is always 0%. A Floor Limit will be elected at the time of application and may be adjusted on any contract anniversary. Selecting a Floor Limit less than 0% will automatically allocate the Tracking Value to the next available Floor, less than 0%, with sufficient Tracking Value Gains, and will generally provide higher upside potential. 

Floor Limits available include: 0%, -2.5%, -5%, -10%, -15% 
Available in states: AK, AZ, AR, CO, CT, DE, DC, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, and WY

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%

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
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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

Issue Ages
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 

Company Founded: 1937
Excellent Rated Company
Ibexis Life & Annuity Insurance Company
Company Ratings
4.6
  • A.M. Best A-
Assets: $684,455,505
Missouri

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