FIA Plus 7 with Premium Bonus
The FIA Plus 7 with Premium Bonus is a terrific choice for securing a steady income during retirement. This annuity not only offers a generous initial bonus but also provides an excellent return on your investment. It's simple, reliable, and efficient.
Its best feature is its capacity to adapt to market changes. Even in challenging financial times, this product aims to protect your capital while promoting growth. Planning for retirement has never been easier or more reassuring!
FIA Plus 7 with Premium Bonus
Does FIA Plus 7 with Premium Bonus make your top 3?
Our clients typically get 23% more income than their first quote.
About Product
Floor Limits available include: 0%, -2.5%, -5%, -10%, -15%
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Declared Rate with 0% Floor |
Blend
|
3.25%
Fixed
|
| 1-Year Declared Rate with -2.5% Floor |
Blend
|
3.25%
Fixed
|
| 1-Year Declared Rate with -5% Floor |
Blend
|
3.25%
Fixed
|
| 1-Year Declared Rate with -10% Floor |
Blend
|
3.25%
Fixed
|
| 1-Year Declared Rate with -15% Floor |
Blend
|
3.25%
Fixed
|
| 1-Year Fixed Account |
Fixed
|
2.75%
Fixed
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -2.5% Floor |
Blend
Annual
|
113%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with 0% Floor |
Blend
Annual
|
66%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -2.5% Floor |
Blend
Annual
|
91%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -15% Floor |
Blend
Annual
|
165%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -10% Floor |
Blend
Annual
|
157%
Participation
|
| 1-Year S&P 500 PTP Cap with 0% Floor with Bailout |
Blend
Annual
|
5.75%
Cap
|
| 1-Year S&P 500 PTP Cap with -2.5% Floor with Bailout |
Blend
Annual
|
7%
Cap
|
| 1-Year S&P 500 PTP Cap with -5% Floor with Bailout |
Blend
Annual
|
7.75%
Cap
|
| 1-Year S&P 500 PTP Cap with -10% Floor with Bailout |
Blend
Annual
|
10.25%
Cap
|
| 1-Year S&P 500 PTP Cap with -15% Floor with Bailout |
Blend
Annual
|
12.75%
Cap
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -15% Floor |
Blend
Annual
|
165%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -10% Floor |
Blend
Annual
|
148%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -5% Floor |
Blend
Annual
|
116%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with 0% Floor |
Blend
Annual
|
86%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -5% Floor |
Blend
Annual
|
133%
Participation
|
| 1-Year Declared Rate with -10% Floor |
Blend
|
3.45%
Fixed
|
| 1-Year Declared Rate with -5% Floor |
Blend
|
3.45%
Fixed
|
| 1-Year Declared Rate with -2.5% Floor |
Blend
|
3.45%
Fixed
|
| 1-Year Declared Rate with -15% Floor |
Blend
|
3.45%
Fixed
|
| 1-Year Declared Rate with 0% Floor |
Blend
|
3.45%
Fixed
|
| 1-Year Fixed Account |
Fixed
|
2.95%
Fixed
|
| 1-Year S&P 500 PTP Cap with 0% Floor with Bailout |
Blend
Annual
|
6.75%
Cap
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -5% Floor |
Blend
Annual
|
140%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -10% Floor |
Blend
Annual
|
164%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -15% Floor |
Blend
Annual
|
172%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with -2.5% Floor |
Blend
Annual
|
120%
Participation
|
| 1-Year HSBC AI Global Tactical PTP Participation Rate with 0% Floor |
Blend
Annual
|
93%
Participation
|
| 1-Year S&P 500 PTP Cap with -15% Floor with Bailout |
Blend
Annual
|
13.75%
Cap
|
| 1-Year S&P 500 PTP Cap with -10% Floor with Bailout |
Blend
Annual
|
11.25%
Cap
|
| 1-Year S&P 500 PTP Cap with -2.5% Floor with Bailout |
Blend
Annual
|
8%
Cap
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -15% Floor |
Blend
Annual
|
172%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -10% Floor |
Blend
Annual
|
155%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -5% Floor |
Blend
Annual
|
123%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with -2.5% Floor |
Blend
Annual
|
98%
Participation
|
| 1-Year BofA U.S. Strength Fast Convergence PTP Participation Rate with 0% Floor |
Blend
Annual
|
73%
Participation
|
| 1-Year S&P 500 PTP Cap with -5% Floor with Bailout |
Blend
Annual
|
8.75%
Cap
|
| 1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 12% PTP Participation Rate with -10% Floor |
Blend
Annual
|
80%
Participation
|
| 1-Year S&P 500 Engle 16% VT TCA PTP Participation Rate with 0% Floor |
Blend
Annual
|
36%
Participation
|
| 1-Year S&P 500 Engle 16% VT TCA PTP Participation Rate with -2.5% Floor |
Blend
Annual
|
49%
Participation
|
| 1-Year S&P 500 Engle 16% VT TCA PTP Participation Rate with -5% Floor |
Blend
Annual
|
63%
Participation
|
| 1-Year S&P 500 Engle 16% VT TCA PTP Participation Rate with -15% Floor |
Blend
Annual
|
106%
Participation
|
| 1-Year S&P 500 Engle 16% VT TCA PTP Participation Rate with -10% Floor |
Blend
Annual
|
89%
Participation
|
| 1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 12% PTP Participation Rate with 0% Floor |
Blend
Annual
|
36%
Participation
|
| 1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 12% PTP Participation Rate with -2.5% Floor |
Blend
Annual
|
48%
Participation
|
| 1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 12% PTP Participation Rate with -5% Floor |
Blend
Annual
|
60%
Participation
|
| 1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 12% PTP Participation Rate with -15% Floor |
Blend
Annual
|
94%
Participation
|
| 1-Year S&P 500 Engle 16% VT TCA PTP Participation Rate with 0% Floor |
Blend
Annual
|
40%
Participation
|
| 1-Year S&P 500 Engle 16% VT TCA PTP Participation Rate with -2.5% Floor |
Blend
Annual
|
53%
Participation
|
| 1-Year S&P 500 Engle 16% VT TCA PTP Participation Rate with -5% Floor |
Blend
Annual
|
67%
Participation
|
| 1-Year S&P 500 Engle 16% VT TCA PTP Participation Rate with -10% Floor |
Blend
Annual
|
93%
Participation
|
| 1-Year S&P 500 Engle 16% VT TCA PTP Participation Rate with -15% Floor |
Blend
Annual
|
110%
Participation
|
| 1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 12% PTP Participation Rate with 0% Floor |
Blend
Annual
|
40%
Participation
|
| 1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 12% PTP Participation Rate with -15% Floor |
Blend
Annual
|
98%
Participation
|
| 1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 12% PTP Participation Rate with -10% Floor |
Blend
Annual
|
84%
Participation
|
| 1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 12% PTP Participation Rate with -5% Floor |
Blend
Annual
|
64%
Participation
|
| 1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 12% PTP Participation Rate with -2.5% Floor |
Blend
Annual
|
52%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% |
Hypothetical Projection
Riders
No Riders for FIA Plus 7 with Premium Bonus annuity.
Waivers
Bail-Out
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.
RMD
Required Minimum Distributions are treated as penalty-free withdrawals up to the RMD amount, even when the RMD exceeds the stated free withdrawal limit.
Premium Notes
FIA Plus 7: 0-85
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-
