Protective Indexed Annuity NY 7
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Highlights
Protective Indexed Annuity NY Available only in New York, Protective Indexed Annuity NY is a limited, flexible-premium deferred indexed annuity designed for clients seeking principal protection with the potential for higher returns linked to market index performance.
Available in states:
NY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
7 Years |
|
Surrender schedule
|
9%9%8%7%6%5%4% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, and IRA-Roth |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.95%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.55%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3.9%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
3.05%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.55%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4.6%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% |