RateProtector
RateProtector
Ratings:
- A.M. Best A
- Fitch A
- S&P A
- Moody's A3
- Comdex 74
About Product
MYGA Interest Rates
Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
---|---|
3 years | 4.5% |
5 years | 4.35% |
7 years | 4.35% |
- Preservation of principal
- Guaranteed interest rates: The product has a guaranteed interest rate that will not change during the 3, 5, or 7-year guaranteed option period and credited daily.
- Tax-deferred interest accumulation
- Preservation of your legacy
Jackson RateProtector is available for a single premium payment of $10,000 for nonqualified and qualified money. Premium may not exceed $1,000,000 without prior approval. Jackson RateProtector may be issued to individuals aged 0-85.
Use some of your money each year, free of withdrawal charges
Each contract year you may withdraw up to a specified percentage of the accumulated value of your fixed annuity without incurring a withdrawal charge or an excess interest adjustment/market value adjustment, if applicable.
Death Benefit will be the accumulated value
No Return of Premium feature.
Note: TSP funds have to be rolled into an IRA.
Riders
No Riders for RateProtector annuity.
Waivers
Terminal Illness
After the first contract anniversary, if you (or a joint owner) are diagnosed with a medical condition expected to result in death within 12 months, you may withdraw (one time only) up to 100% of your accumulated contract value without incurring a withdrawal charge. Effective on the first contract Anniversary, if you or your joint owner is diagnosed with a termial illness, you may access up to 100% of your Accumulation Value free of withdrawal charges. The Terminal illness Waiver is subject to a maximum of $250,000 for all company contracts. State Variations may apply. Market Value Adjustment may apply to amounts withdrawn.
Extended Care
Unavailable in states: MA
After the first contract anniversary, if you (or a joint owner) are by medical necessity confined to a nursing home or hospital for 90 consecutive days, you may withdraw (one time only) up to 100% of the accumulated contract value without incurring a withdrawal charge. Home Health Care acceptable, it would require 24 hour in home care.