MNL IndexBuilder 10 High Band (OR Only) with ABR
Highlights
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Premium Bonus
|
20% |
|
Term
|
10 Years |
|
Surrender schedule
|
9%8.5%7.5%6.5%5.5%4.5%3.5%3%2%1% |
|
Free withdrawal
|
10% |
| Flexible premium | Product Life |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
09/01/2015 |
|
Minimum contribution
|
$75,000 |
|
Maximum contribution
|
$1,000,000 |
|
Max Age Qualified
|
79 |
|
Types of funds
|
Non-Qualified, 401k, IRA, Spousal IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, and TSP |
Brochure
|
Open brochure |
Find out if the MNL IndexBuilder 10 High Band (OR Only) with ABR is the right product for you.
Premium Notes
Withdrawal Provisions
Your 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 withdrawals
Beginning 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.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.4%
Fixed
|
| 1-Year S&P MARC 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 1-Year Fidelity Multifactor Yield 5% ER PTP Spread |
Point to Point
Annual
|
|
| 2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
155%
Participation
|
| 1-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Annual
|
5.75%
Spread
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
145%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.7%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.75%
Cap
|
| 2-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate |
Point to Point
Biennial
|
210%
Participation
|
| 1-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 2-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate |
Point to Point
Biennial
|
230%
Participation
|
| 1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 2-Year S&P MARC 5% ER PTP Enhanced Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
| 1-Year BlackRock ESG US 5% ER PTP Spread |
Point to Point
Annual
|
|
| 2-Year BlackRock ESG US 5% ER PTP Participation Rate |
Point to Point
Biennial
|
155%
Participation
|
| 2-Year S&P 500 LV DRC 8% PTP Participation Rate |
Point to Point
Biennial
|
40%
Participation
|
| 1-Year S&P 500 Inverse Performance Triggered |
Inverse Perf Triggered
Annual
|
7.5%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| IndexBuilder Additional Benefit Rider | Yes | 0.95% annually (0.00% after 10 years) |
Waivers
Nursing Home
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.
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