MNL IndexBuilder 10 High Band (Most States) with ABR
The MNL IndexBuilder 10 High Band annuity is an exceptional product for those planning retirement. With its impressive flexibility, it offers stable growth and safeguards your hard-earned money. Truly, this annuity lets you retire without any worry.
Its ABR feature, a top highlight, ensures access to funds during health emergencies. It's timely, efficient, and guarantees peace of mind. This annuity is an ideal choice for a secure and financially stable future.
MNL IndexBuilder 10 High Band (Most States) with ABR
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 1-Year S&P MARC 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.5%
Cap
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
125%
Participation
|
| 2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
125%
Participation
|
| 1-Year S&P 500 Inverse Performance Triggered |
Inverse Perf Triggered
Annual
|
6.5%
Performance triggered
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
25%
Participation
|
| 1-Year Nasdaq-100 Volatility Control 12% PTP Enhanced Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Enhanced Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 2-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate |
Point to Point
Biennial
|
55%
Participation
|
| 2-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Biennial
|
45%
Participation
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
35%
Participation
|
| 1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 10% | 10% | 9% | 9% | 8% | 8% | 7% | 6% | 4% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| IndexBuilder Additional Benefit Rider | Yes | 0.95% annually |
Waivers
Nursing Home
Unavailable in states: CA, and MA
After the first contract anniversary, if you are confined to a qualified nursing care center as defined in the rider (skilled nursing facility or residential care facility for the elderly in CA), you may withdraw up to 100% of your accumulation value without a surrender charge, MVA, or premium bonus recapture as long as you meet the eligibility requirements for this rider. If you withdraw 100% of your accumulation value, your contract and any applicable riders will terminate. This rider is automatically included with your annuity at no additional charge. Refer to the rider for additional details, including benefit terms, conditions, and limitations.
Withdrawal Provisions
Market Value AdjustmentYour Contract also includes a market value adjustment feature—which may decrease or increase your surrender value depending on the change in the index value of the market value adjustment external index since your annuity purchase. Due to the mechanics of a market value adjustment, surrender values generally decrease as the market value adjustment external index rises or remains constant. When the market value adjustment external index decreases enough over time, the surrender value generally increases. However, the market value adjustment is limited to the interest credited to the accumulation value. Penalty-free withdrawalsBeginning second contract year, up to 10% of the accumulation value may be taken each year. By current company practice, surrender charges, premium bonus recapture, and MVA will be waived on any portion of an IRS-required minimum distribution that goes beyond what’s available to you penalty-free.
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89
