Chartline Bonus 5
Chartline Bonus 5
About Product
- Funds Protection: Premium allocations are fully protected from downside market risk.
- Interest Growth: Interest is credited based on the performance of underlying indices, allowing for upside potential with no downside risk.
- Income: After the first contract anniversary, you may elect to convert the contract value into a lifetime income stream.
- RMD Friendly: All charges are waived on withdrawals during a contract year that do not exceed IRS-required minimum distributions.
- Tax Deferral: Interest earnings grow on a tax-deferred basis, meaning funds are not taxable until withdrawn or distributed from the annuity.
Model Portfolios: Model Portfolios may be elected to diversify premium among multiple strategies. Funds may be reallocated in or out of a Model Portfolio at the end of each crediting term. Funds allocated to a Model Portfolio will automatically rebalance on each contract anniversary based on the initial model allocation percentages.
Individual Strategies: In addition to Model Portfolios, you may elect to allocate premium to individual strategies. These allocations can be used with or without Model Portfolios. The total allocation between Model Portfolios and individual strategies must equal 100%.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
Annual
|
2.3%
Fixed
|
| 1-Year S&P 500 Daily Risk Control 15% PTP Participation Rate with Global Diversified Balance 15% Allocation |
Point to Point
Annual
|
35%
Participation
|
| 1-Year S&P 500 Daily Risk Control 15% PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
| 1-Year STOXX Europe 600 PTP Cap |
Point to Point
Annual
|
5.5%
Cap
|
| 1-Year Dow Jones Industrial Average PTP Cap |
Point to Point
Annual
|
4%
Cap
|
| 1-Year Nasdaq-100 PTP Cap |
Point to Point
Annual
|
4.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5%
Cap
|
| 1-Year S&P 500 PTP Cap with Global Diversified Balance 15% Allocation |
Point to Point
Annual
|
5%
Cap
|
| 1-Year Nasdaq-100 PTP Cap with Global Diversified Balance 15% Allocation |
Point to Point
Annual
|
4.5%
Cap
|
| 1-Year Dow Jones Industrial Average PTP Cap with Global Diversified Balance 15% Allocation |
Point to Point
Annual
|
4%
Cap
|
| 1-Year NYSE Bonds and Commodities PTP Participation Rate with Global Diversified Balance 20% Allocation |
Point to Point
Annual
|
70%
Participation
|
| 1-Year Dow Jones Industrial Average PTP Cap with American Benchmark Collection 30% Allocation |
Point to Point
Annual
|
4.25%
Cap
|
| 1-Year Nasdaq-100 PTP Cap with American Benchmark Collection 30% Allocation |
Point to Point
Annual
|
4.25%
Cap
|
| 1-Year S&P 500 PTP Cap with American Benchmark Collection 40% Allocation |
Point to Point
Annual
|
5%
Cap
|
| 1-Year S&P 500 PTP Cap with Cap Amplifier 50% Allocation |
Point to Point
Annual
|
6.25%
Cap
|
| 1-Year S&P 500 Daily Risk Control 15% PTP Participation Rate with Cap Amplifier 30% Allocation |
Point to Point
Annual
|
20%
Participation
|
| 1-Year NYSE Bonds and Commodities PTP Participation Rate |
Point to Point
Annual
|
70%
Participation
|
| 1-Year NYSE Bonds and Commodities PTP Participation Rate with Cap Amplifier 20% Allocation |
Point to Point
Annual
|
45%
Participation
|
| 1-Year STOXX Europe 600 PTP Cap with Global Diversified Balance 20% Allocation |
Point to Point
Annual
|
5.5%
Cap
|
| 1-Year Fixed Account |
Fixed
Annual
|
2.5%
Fixed
|
| 1-Year S&P 500 Daily Risk Control 15% PTP Participation Rate with Cap Amplifier 30% Allocation |
Point to Point
Annual
|
25%
Participation
|
| 1-Year S&P 500 PTP Cap with Cap Amplifier 50% Allocation |
Point to Point
Annual
|
6.75%
Cap
|
| 1-Year S&P 500 PTP Cap with American Benchmark Collection 40% Allocation |
Point to Point
Annual
|
5.5%
Cap
|
| 1-Year Nasdaq-100 PTP Cap with American Benchmark Collection 30% Allocation |
Point to Point
Annual
|
4.75%
Cap
|
| 1-Year Dow Jones Industrial Average PTP Cap with American Benchmark Collection 30% Allocation |
Point to Point
Annual
|
4.75%
Cap
|
| 1-Year NYSE Bonds and Commodities PTP Participation Rate with Global Diversified Balance 20% Allocation |
Point to Point
Annual
|
75%
Participation
|
| 1-Year S&P 500 Daily Risk Control 15% PTP Participation Rate with Global Diversified Balance 15% Allocation |
Point to Point
Annual
|
40%
Participation
|
| 1-Year STOXX Europe 600 PTP Cap with Global Diversified Balance 20% Allocation |
Point to Point
Annual
|
6%
Cap
|
| 1-Year Dow Jones Industrial Average PTP Cap with Global Diversified Balance 15% Allocation |
Point to Point
Annual
|
4.5%
Cap
|
| 1-Year Nasdaq-100 PTP Cap with Global Diversified Balance 15% Allocation |
Point to Point
Annual
|
5%
Cap
|
| 1-Year S&P 500 PTP Cap with Global Diversified Balance 15% Allocation |
Point to Point
Annual
|
5.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.5%
Cap
|
| 1-Year Nasdaq-100 PTP Cap |
Point to Point
Annual
|
5%
Cap
|
| 1-Year Dow Jones Industrial Average PTP Cap |
Point to Point
Annual
|
4.5%
Cap
|
| 1-Year STOXX Europe 600 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 1-Year S&P 500 Daily Risk Control 15% PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year NYSE Bonds and Commodities PTP Participation Rate with Cap Amplifier 20% Allocation |
Point to Point
Annual
|
50%
Participation
|
| 1-Year NYSE Bonds and Commodities PTP Participation Rate |
Point to Point
Annual
|
75%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% |
Riders
No Riders for Chartline Bonus 5 annuity.
Waivers
Bail-Out
100% of the contract value may be withdrawn free of withdrawal charges and MVA. Eligibility requires a renewal rate set on any eligible strategy that is less than the applicable bailout rate.
Death
The death benefit is free of withdrawal charges and MVA.
Hospital
100% of the contract value may be withdrawn free of withdrawal charges and MVA. Eligibility requires confinement to a qualified nursing home or hospital for 90 consecutive days, starting after the issue date. Eligibility begins after the first Contract Anniversary and is available for an Owner or Joint Owner.
Nursing Home
100% of the contract value may be withdrawn free of withdrawal charges and MVA. Eligibility requires confinement to a qualified nursing home or hospital for 90 consecutive days, starting after the issue date. Eligibility begins after the first Contract Anniversary and is available for an Owner or Joint Owner.
Terminal Illness
100% of the contract value may be withdrawn free of withdrawal charges and MVA. Eligibility requires a diagnosis by a licensed physician resulting in a life expectancy of 12 months or less. The initial diagnosis must occur after the issue date. Eligibility begins after the first Contract Anniversary and is available for an Owner or Joint Owner.
Annuitization
After the first contract year, the contract value may be annuitized under any available annuitization options in the contract. Withdrawal charges and MVA do not apply to annuitization.
ADL
100% of the contract value may be withdrawn free of withdrawal charges and MVA. Eligibility requires certification by a licensed physician of inability to perform at least two of six ADLs for 90 consecutive days starting after the issue date. The six Activities of Daily Living (ADLs) are bathing, continence, dressing, eating, toileting, and transferring
RMD
Withdrawal charges and MVA do not apply to required minimum distributions.
Premium Notes
0–80
Withdrawal Provisions
Free WithdrawalsAfter the first contract anniversary, up to 10% of the contract value is available as a Free Withdrawal Amount. The Free Withdrawal Amount is not subject to withdrawal charges or MVA.Market Value AdjustmentA Market Value Adjustment (MVA) may apply to any surrender or withdrawal exceeding the allowed Free Withdrawal Amount during the Withdrawal Charge Period. The MVA may increase or decrease the amount received from the withdrawal.Systematic WithdrawalsAvailable monthly, quarterly, semi-annually, or annually. Minimum withdrawal amount is $50.RMDsAvailable beginning in Year 1. Withdrawal charges and MVA do not apply to required minimum distributions. RMD calculation is contract holder specific, and the contract holder cannot withdraw more than their required amount without being subject to potential penalties and taxes.
- A.M. Best A-
