NWL ChoiceOptimizer 5 (CA Only)
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Highlights
The NWL ChoiceOptimizer is a deferred annuity, meaning that income payments don’t start immediately after you pay the premium. Instead, your money may accumulate on a tax-deferred basis until a later date, when you may take it as a lump sum or in the form of regular payments.
It is a single premium annuity, meaning that you pay a one-time premium payment.
It is a Fixed Indexed Annuity, meaning that the value is subject to fixed minimum guarantees, and will never decline due to index movement alone.
All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company
It is a single premium annuity, meaning that you pay a one-time premium payment.
It is a Fixed Indexed Annuity, meaning that the value is subject to fixed minimum guarantees, and will never decline due to index movement alone.
All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company
Available in states:
CA
Type
|
Fixed Index
|
---|---|
Term
|
5 Years |
Surrender schedule
|
8%7%6%5%4% |
Free withdrawal
|
1st year: 0% 2nd+ year: 5% |
Market value adjustment
|
|
Return of premium
|
|
Minimum contribution
|
$25,000 |
Types of funds
|
Non-Qualified, IRA, Spousal IRA, SEP IRA, IRA-Roth, and NQ Stretch |
Brochure
|
Open brochure |
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3.25%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.8%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
23%
Participation
|
1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
52%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.9%
Cap
|
1-Year S&P 500 LV DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
136%
Participation
|
2-Year S&P 500 LV DRC 8% ER PTP Participation Rate |
Point to Point
Biennial
|
109%
Participation
|
1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
7.2%
Performance triggered
|
1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.35%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
26%
Participation
|
1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
57%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.05%
Cap
|
1-Year S&P 500 LV DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
146%
Participation
|
2-Year S&P 500 LV DRC 8% ER PTP Participation Rate |
Point to Point
Biennial
|
117%
Participation
|
1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
7.45%
Performance triggered
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 |
---|---|---|---|---|---|
Penalty | 8% | 7% | 6% | 5% | 4% |