Indexed Annuity Care
The Indexed Annuity Care is the perfect choice if you're planning a secure future. With its easy to understand terms, it gives you peace of mind with guaranteed benefits.
It's designed to increase your retirement income without any risk. A spotlight of this annuity is its exceptional long-term care coverage. For a worry-free retirement, Indexed Annuity Care is a solid option!
Indexed Annuity Care
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Ratings:
- A.M. Best A+
- S&P AA-
- Comdex 95
About Product
Type
Fixed Index
Purpose
Long-Term Care
Term
9 Years
Surrender schedule
9%8%7%6%5%4%3%2%1%
Fee withdrawal:
10%
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$50,000
Maximum Contribution
$1,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, 1035 Exchange, and TSP
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
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.25%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
33%
Participation
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
5.2%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
60%
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.
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.
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