FIT Focus Income
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Highlights
FIT Focus Income is a single premium deferred indexed annuity.
- Market Volatility
- Swings in the market dramatically impact some retirement strategies. As you near retirement you have less time to recover from an unforeseen downturn.
- Outliving Your Savings
- As people live longer, time spent in retirement gets longer too. Will your savings last?
- Taxes
- Your tax liabilities can change as you transition into retirement.
Rate Booster
A Rate Booster strategy is optional for all indexing strategies. Money allocated to a Rate Booster strategy has 1% annual charge deducted from it's accumulation value.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
9 Years |
|
Surrender schedule
|
8.25%8%7%6%5%4%3%2%1% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$50,000 |
|
Types of funds
|
Non-Qualified, Profit Sharing, IRA, Pension, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, and 457 plan |
Brochure
|
Open brochure |
Find out if the FIT Focus Income is the right product for you.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
1%
Fixed
|
| 1-Year S&P 500 PTP Rate Booster Cap |
Point to Point
Annual
|
4.1%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
2.25%
Cap
|
| 1-Year US Fundamental Balanced PTP Rate Booster Participation Rate |
Point to Point
Annual
|
95%
Participation
|
| 1-Year US Fundamental Balanced PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-year Global Balanced PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year Global Balanced PTP Rate Booster Participation Rate |
Point to Point
Annual
|
95%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.2%
Cap
|
| 1-Year S&P 500 PTP Rate Booster Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.9%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for FIT Focus Income annuity.
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