Flex Two FPDA
Flex Two FPDA
About Product
Traditional Fixed Annuity Interest Rates
| Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
|---|---|---|---|
| 7 | 4.35% | 3.39% | 4.35% |
Premiums
The minimum deposit amount is $5,000.
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After the first contract year, up to 10% of the Accumulation Value may be withdrawn without a surrender charge. Accumulation Values withdrawn in excess of 10% will be subject to the Surrender Charges.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 Two FPDA annuity.
Waivers
Death
Surrender charge waived on death.
Nursing Home
KSKJ Life will waive any Surrender Charge otherwise applicable if the Annuitant is confined to a Nursing home for 60 continuous days or more. Certificate must be in force for one year and annuitant must be confined to a nursing home for at least 60 days. Surrender charges are waived only if surrender requests are made during the nursing home confinement and the surrender amount is for payment of nursing home expenses.
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. Surrender charges are not wiaved on annuitization/election of income option if within the surrender period.
- A.M. Best -
