Enduris 10 FIA
The Enduris 10 FIA annuity is a dependable choice for securing a comfortable retirement. It's brilliant for those hunting peace of mind, offering consistent income for the golden years.
The brochure matches this prime prospect, highlighting the annuity's robust contract options, guaranteed return, and potential for growth. It's like an insurance for your future!
Enduris 10 FIA
Ratings:
- A.M. Best B++
About Product
- The Best Entry feature is designed to protect against early downward index movement.
If the S&P 500 declines significantly shortly after issue, the Enduris annuity adjusts your index starting value to a new lower level, enhancing your growth potential during your first index option period. - The Enhanced Participation (EPAR) Indexed Interest Options offer additional upside growth potential.
The EPAR Indexed Interest Options offer you the chance to capture a greater percentage of growth if the S&P 500 Index performs well during the option period.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.25%
Fixed
|
| 1-Year S&P 500 PTP Enhanced Participation Rate (EPAR) |
Threshold Part Rate
Annual
|
20%
Participation
|
| 2-Year S&P 500 PTP Enhanced Participation Rate (EPAR) |
Threshold Part Rate
Biennial
|
20%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
| 2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
18%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
50%
Participation
|
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 Enduris 10 FIA annuity.
Waivers
Death
Surrender Charges do not apply to the death benefits paid. The Death Benefit will not be reduced by any negative MVA.
Nursing Home
Surrender Charges and MVA will be waived if one of the following events occurs: 1. The Contract Owner becomes confined to a nursing home for at least 90 consecutive days on or after the Contract Date; 2. The Contract Owner is confined for a total of at least 90 days if there is no more than a 6-month break in the confinement and the confinements are for related causes.
Terminal Illness
Surrender Charges and MVA will be waived if the Contract Owner becomes terminally ill or injured in such a way that they are not expected to live more than 12 months.
Annuitization
Your Contract may be annuitized without Surrender Charge or MVA at any time after the third contract year.
Surrender Window
There are no surrender charges during the first 30 days beginning immediately at the end of the Initial Guarantee Period or any subsequent Guarantee Periods.
Premium Notes
You can purchase an Enduris FIA with a single minimum premium of $10,000 for both qualified and non-qualified funds.
Issue Ages
18 - 80 (Qualified and Non-Qualified funds)
Free Look Period
30 days
Withdrawal Provisions
The Enduris FIA comes with a Market Value Adjustment. The MVA applies only when the Surrender Charge applies. The MVA could increase or decrease the amount you receive from Surrender or a withdrawal in excess of the free amount, depending on certain market interest rates.
Free Partial Withdrawals
10% of the Account Value may be withdrawn each contract year, after the first contract year, without incurring Surrender Charges or MVA.
RMDs
The Contract Owner can access required IRS Required Minimum Distributions without incurring a Surrender Charge.
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