annuity-educator-logo
Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.25%
7-Year
6.00%
10-Year
5.80%

IndexMax ADV 7

Get an annuity today!
Learn how an annuity can provide guaranteed income for life.

Highlights

The IndexMax ADV 7 is a single premium deferred fixed index annuity. An annuity is a long-term contract issued by an insurance company. In exchange for a premium payment, the insurance company agrees to make payments to you later on. This annuity provides an accumulation value that may earn interest through a fixed account and an index account (if selected). While the fixed account earns a fixed rate of interest each year, index accounts earn interest credits based in part on how an underlying index performs. Interest credits are guaranteed to never be less than zero. This annuity also provides several options for accessing funds. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Type
Fixed Index
Purpose Accumulation
Term
7 Years
Surrender schedule
6%6%5%4%3%3%2%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
10/27/2020
Minimum contribution
$50,000
Maximum contribution
$1,000,000
Max Age Qualified
85
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, and 1035 Exchange
Brochure
Open brochure

Find out if the IndexMax ADV 7 is the right product for you.

$

Withdrawal Provisions

Penalty-free withdrawals
After the first contract year, up to 10% of the beginning of year accumulation value may be taken each year. Surrender charges and market value adjustments on any portion of an IRS required minimum distribution exceeding the available penalty-free withdrawal amount will be waived by current company practice. A feature offered “by current company practice” is not a contractual guarantee of this annuity contract and can be removed or changed at any time.

Market value adjustment (MVA)
Your contract also includes an MVA feature, which may decrease or increase your surrender value depending on the change in the market value adjustment external index rate since the start of the term. Due to the mechanics of an MVA, surrender values decrease as the MVA external index rate rises. When the MVA external index rate decreases, the surrender value increases. However, the MVA is limited to the surrender charge or the interest credited to the accumulation value.

Allocation Accounts

Name Type Rates
7-Year Fidelity Multi Factor Yield 5% ER Annual Performance Credit with Participation Rate
Term Participation & Annual Performance
7-Year
100% Participation
7% Performance triggered
7-Year S&P 500 LV DRC 5% Annual Performance Credit with Participation Rate
Term Participation & Annual Performance
7-Year
100% Participation
7% Performance triggered
7-Year BlackRock ESG US 5% ER Annual Performance Credit with Participation Rate
Term Participation & Annual Performance
7-Year
100% Participation
7% Performance triggered
7-Year Fixed Account
Fixed
5.25% Fixed

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 6% 6% 5% 4% 3% 3% 2%

Riders

No Riders for IndexMax ADV 7 annuity.

Waivers

Death

Your beneficiary will receive the greater of the accumulation value or the minimum surrender value plus potential interest credits calculated using a death benefit fixed rate through the date of death if the contract meets certain requirements. Amounts allocated to an index account will receive partial interest credits from the beginning of the index term to the date of death.

Nursing Home

Unavailable in states: SD

After your first contract year, if you become confined to a qualified nursing care facility for 90 consecutive days, you can withdraw 100% of your accumulation value without a surrender charge and without application of an MVA. You cannot be confined at the time your contract is issued. This rider is automatically included with your annuity at no additional charge. If joint annuitants are named on the annuity, the waiver will apply to the first annuitant who qualifies for the benefit, but not both.

Annuitization

You can choose to receive annuity payments based on your choice of several annuity options. Once you select an annuitization option, it cannot be changed, and all other rights and benefits under the annuity ends. The payment amount and number of payments will be based on your annuity’s surrender value and the annuitization option you choose. See the product disclosure for annuitization options available.

Ready to Protect Your Financial Future?

Request a free quote or talk to our financial expert to get help