Zenith Income 10 with Split Bonus
The Zenith Income 10 with Split Bonus annuity gives you the security you need in retirement. With steady income streams and valuable bonus opportunities, it's a must-have for a worry-free future.
Easy to understand and manage, Zenith Income 10 stands out in the annuity market. Your golden years should be about relaxation, not financial stress. Trust Zenith to deliver stability and peace of mind.
Zenith Income 10 with Split Bonus
About Product
The Split Bonus GLIR is inbuilt into this product.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.4%
Fixed
|
| 2-Year US Fundamental Balanced PTP Participation Rate with Booster |
Point to Point
Biennial
|
350%
Participation
|
| 2-Year US Fundamental Balanced PTP Participation Rate |
Point to Point
Biennial
|
275%
Participation
|
| 1-Year US Fundamental Balanced PTP Participation Rate with Booster |
Point to Point
Annual
|
250%
Participation
|
| 1-Year US Fundamental Balanced PTP Participation Rate |
Point to Point
Annual
|
200%
Participation
|
| 2-Year Global Balanced PTP Participation Rate with Booster |
Point to Point
Biennial
|
350%
Participation
|
| 2-Year Global Balanced PTP Participation Rate |
Point to Point
Biennial
|
275%
Participation
|
| 1-Year Global Balanced PTP Participation Rate with Booster |
Point to Point
Annual
|
250%
Participation
|
| 1-Year Global Balanced PTP Participation Rate |
Point to Point
Annual
|
200%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap with Booster |
Point to Point
Annual
Monthly sum
|
2.75%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2%
Cap
|
| 2-Year S&P 500 PTP Cap with Booster |
Point to Point
Biennial
|
34%
Cap
|
| 2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
23%
Cap
|
| 1-Year S&P 500 PTP Cap with Booster |
Point to Point
Annual
|
13.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.75%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Split Bonus GLIR Level | Yes | 1.00% annually |
| Split Bonus GLIR Increasing | Yes | 1.00% annually |
Waivers
Nursing Home
Unavailable in states: CA, IL, LA, MA, MT, NH, NJ, SC, SD, WA, WV, and WI
Nursing Care gives clients peace of mind that they will have access to a portion of savings without surrender charges in the case of a qualifying event.
Terminal Illness
Unavailable in states: CA, IL, LA, MA, MO, MT, NH, NJ, OR, PA, SC, UT, WV, and WI
Terminal Illness Benefit eliminates withdrawal charges for the annuitant on one withdrawal if the policy has been in force longer than one year at the onset of the terminal illness, from which the client is physician-certified to have 12 months or fewer to live.
Emergency Access
Emergency Access Waiver allows clients to have all withdrawal charges waived for 403(b) hardship or 457(b) unforeseen emergency distributions, if approved by the Plan/TPA. For separation from service or disability, 20% of withdrawal charges (for withdrawals above 10% of the accumulation value) are waived in years 2-4; starting in year 5, all withdrawal charges are waived. Available for 403(b) and 457(b) plans only.
Premium Notes
35-75
Minimum Premium
$25,000
Maximum Premiums
- Ages 35-70: $2,000,000
- Ages 71-75: $1,500,000
Withdrawal Provisions
Market Value Adjustment A Market Value Adjustment will apply to withdrawals in excess of the penalty-free withdrawal amount for the first 10 policy years, depending on the length of the policy. Free Withdrawals After the first policy year, you may withdraw in any one year up to 10% of the accumulation value without incurring a withdrawal charge. The minimum partial withdrawal you may request is $500, and your accumulation value must be no less than $5,000 after the withdrawal.
- A.M. Best A+
- S&P A+
- Moody's A1
- Comdex 90
Other Life of Southwest Products
You might also be interested in
