RateProtector
Highlights
Premium Type
|
Single Premium
|
---|---|
Max age Qualified
|
85
|
Minimum Contribution
|
$10,000
|
Maximum Contribution
|
$1,000,000
|
Market value adjustment
|
|
Return of premium
|
|
Free withdrawal
|
10% |
Launch date
|
06/24/2019 |
Types of funds
|
Non-Qualified, 401k, Profit Sharing, IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, KEOGH, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
- 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.
Find out if the RateProtector is the right product for you.
MYGA Interest Rates
Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
---|---|
3 years | 4.95% |
5 years | 4.75% |
7 years | 4.75% |
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 Market Value Adjustment may apply to amounts withdrawn.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.
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