Protective Indexed Annuity NY 10 with ROP
Highlights
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
|
10 Years |
|
Surrender schedule
|
9%9%8%7%6%5%4%3%2%1% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
02/09/2015 |
|
Minimum contribution
|
$10,000 |
|
Maximum contribution
|
$1,000,000 |
|
Max Age Qualified
|
85 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, and IRA-Roth |
Brochure
|
Open brochure |
Find out if the Protective Indexed Annuity NY 10 with ROP is the right product for you.
Premium Notes
Withdrawal Provisions
During the first contract year, you can withdraw 10% of your initial purchase payment without incurring a withdrawal charge. After the first year, you can withdraw 10% of the contract value annually, less any withdrawals in that contract year. Penalty-Free Your contract value after each withdrawal must be at least $10,000. Withdrawals. Withdrawals reduce the annuity's remaining death benefit, contract value, cash surrender value, and future earnings. Withdrawals may be subject to income tax and, if taken prior to age 5ft an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.9%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
3.65%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3.15%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.65%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3.85%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for Protective Indexed Annuity NY 10 with ROP annuity.
Waivers
Hospital
Waives the withdrawal charge after the first contract anniversary if you or your spouse is confined to a hospital or nursing facility for at least 30 consecutive days, or has a terminal illness that is expected to result in death within 12 months.
Nursing Home
Waives the withdrawal charge after the first contract anniversary if you or your spouse is confined to a hospital or nursing facility for at least 30 consecutive days, or has a terminal illness that is expected to result in death within 12 months. The nursing home waiver does not include home health care.
Terminal Illness
Waives the withdrawal charge after the first contract anniversary if you or your spouse is confined to a hospital or nursing facility for at least 30 consecutive days, or has a terminal illness that is expected to result in death within 12 months.
Unemployment
Waives the withdrawal charge if you or your spouse becomes unemployed. In order to qualify, you or your spouse must meet the following requirements: 1. Employed full time on the contract issue date 2. Unemployed for a period of at least 60 consecutive calendar days prior to claiming the waiver 3. Unemployed on the date when the full surrender or partial withdrawal is requested
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