Personal Income Annuity (Group C)
Highlights
- Protection: Securing income for life with an optional guaranteed lifetime income benefit.
- Flexibility: Meeting your individual time horizon and needs.
- Growth: Accumulating your assets while protecting against market downturns.
Income Benefit
Income Today if withdrawals begin:
Year 1 30%
Year 2 37.5%
Year 3 45%
Plus 3% simple roll-up years 3-10 Income Tomorrow: Annual roll-up amount: 14% Restart available
Income Tomorrow:
Annual roll-up amount: 14% Restart available
Type
|
Fixed Index |
---|---|
Purpose | Lifetime Income |
Term
|
10 Years |
Surrender schedule
|
10%9%8%7%6%5%4%3%2%1% |
Free withdrawal
|
10% |
Market value adjustment
|
|
Return of premium
|
|
Launch date
|
05/23/2011 |
Minimum contribution
|
$15,000 |
Maximum contribution
|
$1,000,000 |
Max Age Qualified
|
80 |
Types of funds
|
Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, 457 plan, 1035 Exchange, and TSP |
Brochure
|
Open brochure |
Find out if the Personal Income Annuity (Group C) is the right product for you.
Withdrawal Provisions
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Sunrise Smart Passage SG Participation Rate |
Nassau Sunrise
Annual
|
26%
Participation
|
1-Year Sunrise Smart Passage SG Enhanced Participation Rate |
Nassau Sunrise
Annual
|
48%
Participation
|
2-Year Sunrise Smart Passage SG Participation Rate |
Nassau Sunrise
Biennial
|
45%
Participation
|
2-Year Sunrise Smart Passage SG Enhanced Participation Rate |
Nassau Sunrise
Biennial
|
85%
Participation
|
1-Year Fixed Account |
Fixed
|
3%
Fixed
|
2-Year Nasdaq-100 PTP Enhanced Participation Rate |
Point to Point
Biennial
|
32%
Participation
|
2-Year Nasdaq-100 PTP Participation Rate |
Point to Point
Biennial
|
19%
Participation
|
1-Year Nasdaq-100 PTP Enhanced Participation Rate |
Point to Point
Annual
|
23%
Participation
|
1-Year Nasdaq-100 PTP Participation Rate |
Point to Point
Annual
|
13%
Participation
|
2-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Biennial
|
41%
Participation
|
1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
27%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1%
Cap
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
25%
Participation
|
2-Year UBSTMAI PTP Spread |
Point to Point
Biennial
|
7%
Spread
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
16%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4%
Cap
|
1-Year UBSTMAI PTP Spread |
Point to Point
Annual
|
6%
Spread
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Income Strategy: Today | No | 0.95% annually (1.50% max) |
Income Strategy: Tomorrow | No | 0.95% annually (1.50% max) |
Waivers
Nursing Home
Surrender charges are waived if contract owner becomes ill and is confined to a nursing home on or after the first contract anniversary, for at least 90 consecutive days. If trust owned, the waiver will apply to the annuitant. The nursing home waiver does not include home health care.
Terminal Illness
Surrender charges are waived if contract owner is diagnosed with a terminal illness on or after the first contract anniversary. A terminal illness is a condition that is expected to result in the owner’s death within six months.
Request a free quote or talk to our financial expert to get help