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Best Guaranteed Annuity Rates
2-Year
5.55%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Market Protector 7

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Highlights

The MarketProtector Suite of fixed index annuities offers index options for limited growth potential as well as multiple crediting methods to choose from that can lock in that growth. You may select one or a combination of these methods, and change selections and allocations penalty-free at the end of each Indexed Option Year.

Withdrawal Charges
If you take a full or partial withdrawal exceeding contract limits prior to the end of your Indexed Option Period, it may be subject to withdrawal charges and MVA. Withdrawal charges are based on years since the contract issue and will not apply after the expiration of the Indexed Option Period. Please view the back of the Indexed Option Period Inserts for specific withdrawal charge schedules.

Maximum Maturity Age 
Qualified plans may require an earlier distribution. The Maturity Date under this contract is the owner’s age 95, which is the required age to annuitize or take a lump sum.
Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Type
Fixed Index
Purpose Lifetime Income
Term
7 Years
Surrender schedule
9%8.25%7.25%6.5%5.5%4.5%3.75%
Free withdrawal
10%
Market value adjustment
Return of premium
Launch date
10/14/2019
Minimum contribution
$25,000
Maximum contribution
$1,000,000
Max Age Qualified
85
Types of funds
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP
Brochure
Open brochure

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Premium Notes

Minimum additional premium: $500 (permitted in first contract year only.)

Note: TSP funds have to be rolled into an IRA.

Withdrawal Provisions

Free Withdrawals
Each Contract Year, up to 10% of the Accumulation Value determined at the beginning of the Contract Year and 10% of subsequent premium payments may be taken free of withdrawal charges and MVA. Free withdrawals not taken in a Contract Year are not available in following Contract Years.

RMD- Friendly
Required Minimum Distributions (RMDs for this contract may be taken from your qualified contract with no withdrawal charges and free of market value adjustments (if applicable), even if the amount exceeds the 10% withdrawal provision. All withdrawals, including systematic withdrawals, required minimum distributions (RMDs) and free withdrawals, apply to the total amount withdrawn in an indexed option year. The RMD withdrawal must be for this contract only and you must specify that the withdrawal is an RMD. Partial withdrawals reduce the Contract Value on a dollar for dollar basis and may be subject to applicable withdrawal charges and MVA. A reduced Contract Value results in a lower basis for future income payment calculations if the add-on benefit is elected. The RMD for this contract may be taken from a qualified MarketProtector Suite contract free of withdrawal charges, even if the amount exceeds the 10% free withdrawal provision. Each Contract Year, up to 10% of the Accumulation Value determined at the beginning of the Contract Year and 10% of subsequent premium payments may be taken free of applicable withdrawal charges and MVA. Free withdrawals not taken in a Contract Year are not available in the following Contract Years. The RMD withdrawal value is based on the Contract Value plus the value of any additional benefits. If a withdrawal taken before the end of the initial Indexed Option Period exceeds the greater of the RMD requirement or the 10% free withdrawal benefit, the excess amount withdrawn will be subject to withdrawal charges.

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.15% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.15% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
10.5% Cap
1-Year MSCI EAFE PTP Participation Rate with Spread
Point to Point
Annual
67% Participation
2% Spread
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
60% Participation
2% Spread
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
6.25% Performance triggered
1-Year MSCI EAFE Performance Triggered
Performance Triggered
Annual
8.15% Performance triggered
1-Year Fixed Account
Fixed
4.45% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.15% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
11.55% Cap
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
65% Participation
2% Spread
1-Year MSCI EAFE PTP Participation Rate with Spread
Point to Point
Annual
73% Participation
2% Spread
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
7.05% Performance triggered
1-Year MSCI EAFE Performance Triggered
Performance Triggered
Annual
9.3% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 7% 7% 6% 5% 4%

Riders

Name Inbuilt Fee
Income Accelerator LIB Rider Joint No 1.25% annually (2.50% max)
Income Accelerator LIB Rider Single No 1.10% annually (1.30% max)

Waivers

Terminal Illness

You will be eligible for this waiver of withdrawal charge after the first contract anniversary. If you or your joint owner is diagnosed with a terminal illness that is expected to result in death within 12 months, you may access up to 100% of the Contract Value free of withdrawal charges. Limited to $250,000. All contract values will be reduced proportionately. A payment under the Terminal Illness Waiver is payable only once, regardless of any subsequent diagnosis. MVA may apply. State variations may apply.

Extended Care

You will be eligible for this waiver of withdrawal charge after the first contract anniversary. If the you or your joint owner is confined to a nursing home or hospital for 90 consecutive days by medical necessity, you may access up to 100% of the Contract Value free of withdrawal charges. Limited to $250,000. All contract values will be reduced proportionately. A payment under the Extended Care Waiver is payable only once, regardless of any subsequent confinement. MVA may apply. State variations may apply. Home Health Care acceptable, it would require 24 hour in home care.

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