Indexed Annuity Care
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Highlights
Indexed Annuity Care is a fixed indexed annuity that provides benefits for qualifying LTC expenses. With Indexed Annuity Care, you can grow your assets, protect them from downside risk and help create a barrier between yourself and the risks associated with LTC.
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, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WV, WI, and WY
|
Type
|
Fixed Index |
|---|---|
| Purpose | Long-Term Care |
|
Term
|
9 Years |
|
Surrender schedule
|
9%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 |
|
Maximum contribution
|
$500,000 |
|
Max Age Qualified
|
85 |
|
Types of funds
|
Non-Qualified, 1035 Exchange, and TSP |
Brochure
|
Open brochure |
Find out if the Indexed Annuity Care is the right product for you.
Premium Notes
Note: Roth TSP funds have to be rolled into a Non-Qualified option.
Withdrawal Provisions
Partial Withdrawals
There are no surrender charges assessed on any qualifying LTC benefit withdrawal. For non-LTC withdrawals, up to 10 percent of the account value after year 1 may be taken free of a surrender charge. Minimum withdrawal amount is $500. Full surrenders within 12 months of a partial surrender result in recapture of the waived surrender charges, subject to state variations.
There are no surrender charges assessed on any qualifying LTC benefit withdrawal. For non-LTC withdrawals, up to 10 percent of the account value after year 1 may be taken free of a surrender charge. Minimum withdrawal amount is $500. Full surrenders within 12 months of a partial surrender result in recapture of the waived surrender charges, subject to state variations.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.8%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
42%
Participation
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
7.25%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
72%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Long-Term Care Insurance Rider | Yes |
Waivers
Death
Contact us to get more information about this waiver.
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