SecureLink Chronic Illness Access
The SecureLink Chronic Illness Access annuity is an excellent choice for securing your future. This policy uniquely combines lifetime income, a potential for increased earning through market growth, and access to advance funds if a chronic illness occurs.
With a safety net for health challenges and a route for financial growth, it's like having your cake and eating it too! Reassuringly, SecureLink ensures your health situation doesn't compromise your retirement nest egg.
SecureLink Chronic Illness Access
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.8%
Fixed
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
7.85%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.85%
Cap
|
| 1-Year Barclays All Caps Trailblazer 5 PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
| 1-Year SG Climate Prepared PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
8.25%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.25%
Cap
|
| 1-Year Barclays All Caps Trailblazer 5 PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 1-Year SG Climate Prepared PTP Participation Rate |
Point to Point
Annual
|
160%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Accelerated Death Benefit Rider (ages 70 and under) | Yes | 0.75% annually |
| Accelerated Death Benefit Rider (ages 71 and older) | Yes | 1.15% annually |
Waivers
Death
Surrender Charge and MVA waived at Death.
Terminal Illness
Where one has a terminal condition directly resulting in a significantly reduced life expectancy. (This is typically 12 months or less. It may vary by state.)Withdrawal or surrender during the death benefit acceleration period for chronic/terminal illness.
Annuitization
Waiver of Surrender Charge and MVA
ADL
Chronic Illness, where one is either (a) unable to perform at least two of six activities of daily living, or (b) has severe cognitive impairment. Activities of daily living (ADLs) refer to basic functional abilities that ensure the ability for self-care and the ability to live independently without substantial assistance from another individual. The six ADLs are bathing, continence, dressing, eating, toileting, and transferring. Severe cognitive impairment is the deterioration or loss of intellectual capacity, requiring substantial assistance by another person to protect you from threats to health and safety.
Withdrawal Provisions
WithdrawalsWithdrawal Minimum $250 (or when applicable, RMD amount if less)10% of your prior Contract Anniversary value (1st contract year, 10% of Purchase Payment)Required Minimum Distribution in excess of 10% (for IRA accounts). Free Withdrawal (Not available on surrender). You may withdraw a portion of your Contract Value free from any Surrender Charge or Market Value Adjustment. Set on each Contract Anniversary, it is the greater of: All withdrawals reduce your contract, surrender, and death benefit values.Market Value Adjustment (MVA)The MVA feature may not be applicable in all states. An adjustment applied upon withdrawal/surrender to reflect changes in market conditions between contract issue and the date of withdrawal. An MVA can either increase or decrease the amount withdrawn from the annuity’s value. Applies only during the Surrender Charge Period on amounts in excess of the Free Withdrawal. A negative MVA will never cause the amount received to be less than the Guaranteed Minimum Surrender Value (GMSV), and a positive MVA will never exceed the amount of Surrender Charge assessed on the withdrawal or surrender. Any limitation will apply in both the positive and negative direction.
- A.M. Best A+
- Fitch AA
- S&P AA-
- Moody's Aa3
- Comdex 95
