MNL RetireVantage 14 with ABR
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Highlights
The MNL RetireVantage 14 flexible premium fixed index annuity provides a flexible long-term solution that offers a variety of choices and guarantees to fit your ultimate retirement planning goals.
Summary of benefits
Summary of benefits
- Multiple index account options available
- Tax deferral, income for life, and full accumulation value at death
- Choose an optional additional benefit rider (for a cost) that provides an additional premium bonus, enhanced penalty-free withdrawals, additional payout benefit and return of premium
Strategy charge: In exchange for a strategy charge, the client unlocks greater upside potential through an enhanced participation rate. The strategy charge is deducted from the accumulation value at the end of each term and is guaranteed to stay the same for the life of the contract.
Strategy charges are considered a partial surrender and for purposes of the Return of Premium feature will reduce the Net Premium accordingly. The charge will be deducted at the time of full surrender and at the time of a partial withdrawal that exceeds the penalty-free withdrawal amount.
The strategy fee is known as a Strategy Fee Annual Percentage in your contract. The annual charge is multiplied by 2 for the two-year crediting strategy.
Strategy charges are considered a partial surrender and for purposes of the Return of Premium feature will reduce the Net Premium accordingly. The charge will be deducted at the time of full surrender and at the time of a partial withdrawal that exceeds the penalty-free withdrawal amount.
The strategy fee is known as a Strategy Fee Annual Percentage in your contract. The annual charge is multiplied by 2 for the two-year crediting strategy.
Available in states:
AL, AZ, AR, CA, CO, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MA, MI, MS, NE, NM, NC, ND, RI, SD, TN, VT, WV, WI, and WY
Type
|
Fixed Index
|
---|---|
Premium Bonus
|
8% |
Term
|
14 Years |
Surrender schedule
|
10%10%10%10%10%9%8%7%6%5%4%3%2%1% |
Free withdrawal
|
10% |
Market value adjustment
|
|
Return of premium
|
|
Minimum contribution
|
$20,000 |
Types of funds
|
Non-Qualified, 401k, IRA, Spousal IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3.6%
Fixed
|
2-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate |
Point to Point
Biennial
|
290%
Participation
|
2-Year S&P MARC 5% ER PTP Enhanced Participation Rate |
Point to Point
Biennial
|
280%
Participation
|
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
210%
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
|
230%
Participation
|
2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
220%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.2%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7%
Cap
|
1-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Annual
|
3.05%
Spread
|
2-Year S&P 500 LV DRC 8% TR PTP Spread |
Point to Point
Biennial
|
3.1%
Spread
|
1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
1-Year BlackRock ESG US 5% TR PTP Spread |
Point to Point
Annual
|
|
2-Year BlackRock ESG US 5% ER PTP Participation Rate |
Point to Point
Biennial
|
220%
Participation
|
1-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
210%
Participation
|
1-Year S&P 500 Inverse Performace Triggered |
Inverse Perf Triggered
Annual
|
9.25%
Performance triggered
|
1-Year Fixed Account |
Fixed
|
3.9%
Fixed
|
2-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate |
Point to Point
Biennial
|
320%
Participation
|
2-Year S&P MARC 5% ER PTP Enhanced Participation Rate |
Point to Point
Biennial
|
310%
Participation
|
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
230%
Participation
|
2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
245%
Participation
|
2-Year S&P 500 LV DRC 8% TR PTP Spread |
Point to Point
Biennial
|
2.25%
Spread
|
1-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Annual
|
2.25%
Spread
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
Cap
|
1-Year Fidelity Multifactor Yield 5% ER PTP Spread |
Point to Point
Annual
|
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.5%
Cap
|
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
255%
Participation
|
1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
1-Year BlackRock ESG US 5% TR PTP Spread |
Point to Point
Annual
|
|
2-Year BlackRock ESG US 5% ER PTP Participation Rate |
Point to Point
Biennial
|
245%
Participation
|
1-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
230%
Participation
|
1-Year S&P 500 Inverse Performance Triggered |
Inverse Perf Triggered
Annual
|
10%
Performance triggered
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Penalty | 10% | 10% | 10% | 10% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
Name | Inbuilt | Fee |
---|---|---|
RetireVantage Additional Benefit Rider 14 | Yes | 0.90% annually (0.00% after 14 years) |
RetireVantage Additional Benefit Rider 14 (CA) | Yes | 0.80% annually |