Oak Elite ADV
The Oak Elite ADV annuity is a solid choice for anyone looking ahead to retirement. It offers reliable income growth, with flexibility to customize to suit your lifestyle changes.
Your savings can grow, worry-free! Plus, get in some amazing benefits, such as staying financially stable even if markets fluctuate. That's a future worth planning!
Oak Elite ADV
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Annual
|
16%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with 10% Buffer |
Point to Point
Annual
|
85%
Participation
|
| 1-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Annual
|
12.5%
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
|
35%
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
|
100%
Participation
|
| 6-Year S&P 500 PTP Cap with Participation Rate with 30% Buffer |
Point to Point
6-Year
|
100%
Participation
250%
Cap
|
| 6-Year MSCI EAFE PTP Cap with Participation Rate with 10% Buffer Uncapped |
Point to Point
6-Year
|
140%
Participation
|
| 1-Year Dimensional US Equity Core Plus PTP Cap with 10% Buffer Uncapped |
Point to Point
Annual
|
|
| 6-Year Dimensional US Equity Core Plus PTP Participation Rate with Cap with 10% Buffer Uncapped |
Point to Point
6-Year
|
195%
Participation
|
| 6-Year Dimensional US Equity Core Plus PTP Participation Rate with Cap with 20% Buffer Uncapped |
Point to Point
6-Year
|
175%
Participation
|
| 6-Year Dimensional US Equity Core Plus PTP Participation Rate with Cap with 30% Buffer Uncapped |
Point to Point
6-Year
|
160%
Participation
|
Riders
No Riders for Oak Elite ADV annuity.
Waivers
No Waivers for Oak Elite ADV annuity.
Premium Notes
$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 structureWe 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.
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89
