4.7
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Flex One
Flex One
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About Product
Premium Type
Flexible Premium
Fee withdrawal:
10%
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$500,000
Max Age Qualified
90
Types Of Funds
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, 457 plan, and 1035 Exchange
Launch Date
09/03/2024
Traditional Fixed Annuity Interest Rates
| Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
|---|---|---|---|
| 7 | 4.45% | 3.21% | 4.45% |
| 7 | 4.35% | 3.39% | 4.35% |
Flex One is a 7-year flexible premium deferred annuity contract with a bonus interest rate guaranteed for one (1) year; after which the current renewal rate will apply. Additional contributions are allowed after the initial premium is made.
Premiums
The minimum contribution amount is $5,000.
Without additional deposits, the minimum premium is $10,000
Other than the Surrender Charge, KSKJ Life will not deduct fees, charges, or loading amounts from contributions or the Accumulated Fund Value either before or at the Maturity Date
Free withdrawals
After the first contract year, up to 10% of the Accumulation Value may be withdrawn without a surrender charge. Accumulation Values withdrawn in excess of 10% will be subject to the Surrender Charges.
Systematic Interest Only Payments are available from the Flex One and Flex Two. Frequency of interest payment is limited by deposit amount. Payouts will be annual, semi-annual, quarterly, or monthly basis. A reduction in commission may be applied
Settlement Options
You may elect to have the Society pay a monthly income to the Annuitant or a Beneficiary you select under a Settlement Option. Payments under Settlement Options must meet any certificate minimum amount requirements.
Premiums
The minimum contribution amount is $5,000.
Without additional deposits, the minimum premium is $10,000
Other than the Surrender Charge, KSKJ Life will not deduct fees, charges, or loading amounts from contributions or the Accumulated Fund Value either before or at the Maturity Date
Free withdrawals
After the first contract year, up to 10% of the Accumulation Value may be withdrawn without a surrender charge. Accumulation Values withdrawn in excess of 10% will be subject to the Surrender Charges.
Systematic Interest Only Payments are available from the Flex One and Flex Two. Frequency of interest payment is limited by deposit amount. Payouts will be annual, semi-annual, quarterly, or monthly basis. A reduction in commission may be applied
Settlement Options
You may elect to have the Society pay a monthly income to the Annuitant or a Beneficiary you select under a Settlement Option. Payments under Settlement Options must meet any certificate minimum amount requirements.
Riders
No Riders for Flex One annuity.
Waivers
Death
After the first contract year, KSKJ Life will waive any Surrender Charge otherwise applicable if the Accumulation Value is paid due to the Annuitant's death.
Nursing Home
KSKJ Life will also waive any Surrender Charge otherwise applicable if the Annuitant is confined to a Nursing home for 60 continuous days or more.
Annuitization
After the first contract year, KSKJ Life will waive any Surrender Charge otherwise applicable if the Accumulation Value is paid if a Settlement Option is selected.
Company Founded: 1894
Good Rated
Company
Company Ratings
4.1
- A.M. Best -
