Skyline Peak Choice 10 FIA
Skyline Peak Choice 10 FIA
Does Skyline Peak Choice 10 FIA make your top 3?
Our clients typically get 23% more income than their first quote.
About Product
Skyline Peak Choice — Designed for clients who want a moderate bonus with room for continued index-linked growth. Choice is the only tier that includes the Nursing Home Confinement and Terminal Illness riders, waiving surrender charges and MVA under qualifying conditions.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 3-Year S&P 500 High Water Mark Participation Rate |
High Water Mark (Quarterly)
Triennial
|
30%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4.25%
Fixed
|
| 1-Year Nasdaq-100 Volatility Control 10% PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year S&P 500 Daily RC 10% ER PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year Franklin Innovators 10% ER PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year Nasdaq-100 PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
| 1-Year Nasdaq-100 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 3% | 2% | 1% |
Hypothetical Projection
Riders
No Riders for Skyline Peak Choice 10 FIA annuity.
Waivers
Nursing Home
Nursing Home Confinement Rider: Waives surrender charges and MVA if the owner is confined to an eligible nursing home for at least 90 consecutive days, subject to contract conditions. Not available at issue ages 81–90.
Terminal Illness
Terminal Illness Rider: Waives surrender charges and MVA on a full surrender or qualifying partial withdrawal if the owner is diagnosed as terminally ill, subject to contract conditions. Not available at issue ages 81–90.
RMD
Required Minimum Distributions may be withdrawn penalty-free starting just 30 days after issue, in every contract year — including Year 1 — instead of the 10% free withdrawal limit.
Premium Notes
Issue Ages
0–90, with rates banded by age (0–80, 81–84, 85–90).
Minimum/Maximum Premium
$10,000 – $1,000,000 without Home Office approval.
Additional Premium
Additional premiums allowed in the first policy year, up to 100% of initial premium,
minimum $1,000, allocated to the Fixed Interest Account.
Withdrawal Provisions
WithdrawalsFree amount: beginning in Year 2, a flat 10% of full Contract Value (including any premium bonus) each year; unused amounts do not carry over.Minimum withdrawal: $500.Low balance: if a withdrawal would drop Contract Value below $2,000, the Company may treat it as a full surrender.RMD Friendly Required Minimum Distributions may be withdrawn penalty-free starting just 30 days after issue, in every contract year — including Year 1 — instead of the 10% free withdrawal limit.Market Value Adjustment (MVA)Standard MVA applies to withdrawals and surrenders in excess of the free withdrawal amount. Does not apply upon death of the owner.No surrender charge or MVA applies during the first 30 days of each subsequent surrender charge period, with written notice of options beforehand.
- A.M. Best B-
