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Best Guaranteed Annuity Rates
2-Year
5.55%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Oak Elite ADV

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Highlights

Oak Elite is a registered index-linked variable annuity, an innovative solution designed to accumulate assets for retirement income. With unique investment strategies and flexible payout options, Oak Elite can instill confidence, supporting your pursuit for a comfortable retirement lifestyle. 
Available in states: AL, AK, AR, CT, DE, FL, GA, ID, IL, KS, KY, LA, ME, MI, MN, MS, NV, NH, NM, NC, ND, OH, OK, RI, SC, SD, TN, TX, UT, WA, WV, WI, and WY
Type
Registered Index-Linked
Purpose Accumulation
Surrender schedule
No Surrender Charge
Free withdrawal
100%
Flexible premium Product Life
Market value adjustment
Return of premium
Launch date
05/07/2024
Minimum contribution
$50,000
Maximum contribution
$3,000,000
Max Age Qualified
85
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, Inherited IRA, and NQ Stretch
Brochure
Open brochure

Find out if the Oak Elite ADV is the right product for you.

Premium Notes

Minimum initial contribution
$50,000; maximum investment is $3,000,000 if no riders are elected, or $2,000,000 with a rider elected.

Minimum additional contributions
$1,000, or $100 for premiums sent through monthly electronic funds transfer (EFT).

Type of money
Nonqualified, traditional IRA, roth IRA, nonqualified stretch, inherited IRA. Transfers and conversions are accepted.

Other information
Inherited IRA and non-qualified stretch are not available if a guaranteed lifetime withdrawal benefit (GLWB) rider is elected. 

Withdrawal Provisions

Withdrawals Value-aligned fee structure
We believe in clear and fair pricing. Our annuities are designed to match your advisor’s expertise, striving to make advisory fees an investment in your financial future.
Advisory fees up to 1.50% of the contract value may be withdrawn annually in installments. Your financial advisor can deduct advisory fees from the contract or a separate account.
If deducted from your annuity contract, advisory fees are treated as partial surrenders without penalties. However, if you select an optional benefit rider, advisory fees will reduce the contract value but will not impact lifetime income payments or enhanced benefits after the income start date.

Impact of withdrawals
Withdrawals may be taxed as ordinary income by the government. If taken before age 59 ½, they may also incur a 10% IRS penalty. Withdrawals will decrease your contract value accordingly. 
There are no surrender charges for partial or full surrenders. However, if you elect an optional benefit rider, withdrawals may affect your income payments. Please refer to your prospectus for more information. 

Allocation Accounts

Name Type Rates
1-Year S&P 500 PTP Cap with 10% Buffer
Point to Point
Annual
18% Cap
1-Year S&P 500 PTP Participation Rate with 10% Buffer
Point to Point
Annual
90% Participation
1-Year S&P 500 PTP Cap with -10% Floor
Point to Point
Annual
16.5% Cap
1-Year MSCI EAFE PTP Cap with 10% Buffer
Point to Point
Annual
25% Cap
1-Year MSCI EAFE PTP Participation Rate with 10% Buffer
Point to Point
Annual
90% Participation
3-Year S&P 500 PTP Cap with 10% Buffer Uncapped
Point to Point
Triennial
3-Year S&P 500 PTP Cap with -10% Floor
Point to Point
Triennial
40% Cap
6-Year S&P 500 PTP Cap with Participation Rate with 10% Buffer Uncapped
Point to Point
6-Year
110% Participation
6-Year S&P 500 PTP Cap with Participation Rate with 20% Buffer Uncapped
Point to Point
6-Year
105% Participation
6-Year S&P 500 PTP Cap with Participation Rate with 30% Buffer
Point to Point
6-Year
100% Participation
150% Cap
6-Year MSCI EAFE PTP Cap with Participation Rate with 10% Buffer Uncapped
Point to Point
6-Year
135% Participation

Surrender schedule

Year
Penalty

Riders

No Riders for Oak Elite ADV annuity.

Waivers

No Waivers for Oak Elite ADV annuity.

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