SecureOption Choice (CA Only)
Highlights
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Premium Type
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Single Premium
|
|---|---|
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Max age Qualified
|
90
|
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Minimum Contribution
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$25,000
|
|
Maximum Contribution
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$2,000,000
|
|
Market value adjustment
|
|
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Return of premium
|
|
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Free withdrawal
|
10% |
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Launch date
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04/22/2019 |
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Types of funds
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Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, Inherited IRA, and NQ Stretch |
Brochure
|
Open brochure |
Market Value Adjustment (MVA)
An adjustment applied upon withdrawal/surrender/annuitization 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 An MVA can either increase or decrease the amount withdrawn from the annuity’s value. The MVA feature may not be applicable in all states,
- Applies only during the Surrender Charge Period on amounts in excess of the Free Withdrawal.
- A positive MVA will never exceed the amount of Surrender Charge assessed on the withdrawal or surrender.
Free Withdrawal (Amount not subject to Surrender Charge)
- 10% of prior contract anniversary value (not available in 1st contract year)
- RMD amount, if greater (all years)
Find out if the SecureOption Choice (CA Only) is the right product for you.
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 3.8% |
| 5 years | 3.9% |
| 7 years | 4.05% |
| 9 years | 4.15% |
Riders
No Riders for SecureOption Choice (CA Only) annuity.
Waivers
Death
Available
Hospital
Available after the 1st contract anniversary for the following qualifying events: 1) home care or community-based services, or 2) nursing facility care, or 3) residential facility care for at least 90 consecutive days.
Nursing Home
Available after the 1st contract anniversary for the following qualifying events: 1) home care or community-based services, or 2) nursing facility care, or 3) residential facility care for at least 90 consecutive days.
Terminal Illness
Available after the 1st contract anniversary for the following qualifying event: Terminal condition (life expectancy of 12 months or less).
Annuitization
Contact us to get more information about this waiver.
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