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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%
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Premier Foundation Plus (Medium Premium)

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Learn how an annuity can provide guaranteed income for life.

Highlights

A Premier Foundation Plus Indexed Annuity is a financial vehicle that can be a key part of a well-designed retirement strategy, providing a guaranteed stream of income that will last your entire lifetime. Premier Foundation Plus helps jump-start your retirement savings by boosting the premium payment you make into your annuity between 3%-5%. That can really add up if you have larger amounts to invest, and have a longer time horizon until retirement. 
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, WA, WV, WI, and WY
Type
 Fixed Index
Purpose Lifetime Income
Premium Bonus
 4%
Term
 10 Years
Surrender schedule
 8%8%7%6%5%4%3%2%1%1%
Free withdrawal
 1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Minimum contribution
 $150,000
Maximum contribution
 $999,999
Max Age Qualified
 85
Types of funds
 Non-Qualified, IRA, IRA-Roth, Stretch IRA, and NQ Stretch
Brochure
 Open brochure

Find out if the Premier Foundation Plus (Medium Premium) is the right product for you.

Premium Notes

Premium Notes 
  • Minimum Initial Payment: $25,000
  • Minimum Subsequent Payment: $1,000
  • Subsequent payments allowed within the first 45 calendar days and must be listed on application.
  • Maximum Payment: $5M cumulative limit across all annuity contracts 

Withdrawal Provisions

Annual Free Withdrawal
Free withdrawal up to 10% of contract value as of the latest anniversary without surrender charge (available starting the first day of second contract year)

Partial withdrawals
Minimum withdrawal is the lesser of $500, RMD, and annual free withdrawal, if available

Systemic withdrawals
  • Monthly
  • Quarterly
  • Semi-annually
  • Annually (minimum withdrawal $50)
  • May elect if annual free withdrawal or living benefit withdrawal available
Annuity Options
  • Life
  • Life with Period Certain
  • Joint and Survivor Life
  • Certain Only
  • Full annuitization available after one contract year 
Payment Frequency
  • Monthly
  • Quarterly
  • Semi-annually
  • Annually
Partial Annuitization
  • Annuitize at least $5,000 up to 50% of contract value after 3rd contract year
  • Must wait 1 year before next partial annuitization election
  • No more than 3 partial annuitizations allowed

Allocation Accounts

Name Type Rates
10-Year Fixed Account
Fixed
4.05% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.65% Cap
1-Year S&P Global Broad Market PTP Cap
Point to Point
Annual
7.25% Cap

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 8% 8% 7% 6% 5% 4% 3% 2% 1% 1%

Riders

Name Inbuilt Fee
Premier Foundation Plus Guaranteed Growth Withdrawal Benefit Rider No 0.90% annually (2.00% max)
Premier Foundation Plus Inflation Security Withdrawal Benefit Rider No 1.05% annually (2.00% max)

Waivers

Terminal Illness

Waiver of surrender charge on withdrawals after first contract anniversary if diagnosed with fatal injury or illness. Subject to state availability, contract must be issued prior to 75th birthday. Maximum amount of withdrawal under waiver $500,000 (per contract owner).

Disability

Waiver of surrender charge on withdrawals after first contract anniversary if disabled as defined in section 72 (m)(7) of the Internal Revenue Code. Subject to state availability, contract must be issued prior to 75th birthday. Maximum amount of withdrawal under waiver $500,000 (per contract owner).

Confinement

Waiver of surrender charge on withdrawals after first contract anniversary if confined to medical facility (prescribed by physician). Subject to state availability, contract must be issued prior to 75th birthday. Maximum amount of withdrawal under waiver $500,000 (per contract owner).

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