MNL Accelerate 5 (OR Only)
MNL Accelerate 5 (OR Only)
Ratings:
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89
About Product
Lock in a guaranteed participation rate
Having a guaranteed participation rate means that regardless of index performance, your participation rates won’t go down over the 5-year surrender charge period, and is only subject to change annually after that.
Allocation Accounts
Name | Type | Rates |
---|---|---|
5-Year Fixed Account |
Fixed
|
4%
Fixed
|
1-Year BlackRock ESG US 5% PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
170%
Participation
|
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
175%
Participation
|
1-Year S&P MARC 5% ER PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
175%
Participation
|
1-Year BlackRock ESG US 5% PTP Enhanced Participation Rate Guaranteed for Term |
Point to Point
Annual
|
205%
Participation
|
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate Guaranteed for Term |
Point to Point
Annual
|
210%
Participation
|
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate Guaranteed for Term |
Point to Point
Annual
|
210%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 |
---|---|---|---|---|---|
Penalty | 9% | 8% | 7% | 6% | 5% |
Riders
No Riders for MNL Accelerate 5 (OR Only) annuity.
Waivers
Nursing Home
Unavailable in states: SD
After the first contract anniversary, if the annuitant becomes confined to a qualified nursing care center, as defined in the rider, up to 100% of the accumulation value is available each year while the annuitant is confined. If 100% of the accumulation value is taken, it will be considered a full surrender. This waiver is automatically included with your annuity for ages 75 or less 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. The nursing home waiver does not include home health care.
Premium Notes
$20,000 minimum for non-qualified and qualified premium.
Issue ages
The MNL Accelerate 5 is available at issue ages 0-85 (qualified and non-qualified).
For issue ages 0-17, a Uniform Gift to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) custodial account must be established.
Note: if eligible you may roll over TSP to us to be administered as a qualified tax status that we offer.
Withdrawal Provisions
After the first contract anniversary, you may choose to take a penalty-free withdrawal (also known as a penalty-free partial surrender) of up to 10% of the beginning of year accumulation value each year. If you withdraw more than that, a surrender charge and market value adjustment may apply. After the surrender charge period, surrender charges and a market value adjustment will no longer apply. By current company practice, we’ll waive surrender charges and market value adjustments on any portion of an IRS-required minimum distribution that goes beyond what’s available to you penalty-free.