RiverSource Structured Solutions 2 Annuity 6-Year
The RiverSource Structured Solutions 2 Annuity 6-Year is a fantastic way to secure your future. It offers great financial stability, making it ideal for people looking to retire confidently.
Brochure highlights discuss its high-rated return rates and reliable safety nets. Overall, it's an excellent option for those who prioritize security and steady income.
RiverSource Structured Solutions 2 Annuity 6-Year
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 3-Year Lesser of (S&P 500, Russell 2000) Dual Directional Participation Rate with Cap 10% Buffer |
Dual Directional
Triennial
|
108%
Participation
|
| 6-Year S&P 500 Dual Directional Participation Rate with Cap 10% Buffer |
Dual Directional
6-Year
|
100%
Participation
75%
Cap
|
| 6-Year S&P 500 Dual Directional Participation Rate with Cap 15% Buffer |
Dual Directional
6-Year
|
100%
Participation
65%
Cap
|
| 6-Year S&P 500 Dual Directional Participation Rate with Cap 25% Buffer |
Dual Directional
6-Year
|
100%
Participation
55%
Cap
|
| 6-Year Lesser of (S&P 500, Russell 2000) Dual Directional Participation Rate with Cap 10% Buffer |
Dual Directional
6-Year
|
100%
Participation
115%
Cap
|
| 6-Year Lesser of (S&P 500, Russell 2000) Dual Directional Participation Rate with Cap 15% Buffer |
Dual Directional
6-Year
|
100%
Participation
95%
Cap
|
| 6-Year Lesser of (S&P 500, Russell 2000) Dual Directional Participation Rate with Cap 25% Buffer |
Dual Directional
6-Year
|
100%
Participation
70%
Cap
|
| 3-Year S&P 500 Dual Directional Participation Rate with Cap 10% Buffer |
Dual Directional
Triennial
|
100%
Participation
40%
Cap
|
| 3-Year S&P 500 Dual Directional Participation Rate with Cap 15% Buffer |
Dual Directional
Triennial
|
100%
Participation
34%
Cap
|
| 3-Year S&P 500 Dual Directional Participation Rate with Cap 20% Buffer |
Dual Directional
Triennial
|
100%
Participation
29%
Cap
|
| 3-Year S&P 500 Dual Directional Participation Rate with Cap 25% Buffer |
Dual Directional
Triennial
|
100%
Participation
25%
Cap
|
| 3-Year Lesser of (S&P 500, Russell 2000) Dual Directional Participation Rate with Cap 15% Buffer |
Dual Directional
Triennial
|
100%
Participation
67%
Cap
|
| 3-Year Lesser of (S&P 500, Russell 2000) Dual Directional Participation Rate with Cap 20% Buffer |
Dual Directional
Triennial
|
100%
Participation
43%
Cap
|
| 3-Year Lesser of (S&P 500, Russell 2000) Dual Directional Participation Rate with Cap 25% Buffer |
Dual Directional
Triennial
|
100%
Participation
35%
Cap
|
| 1-Year S&P 500 Dual Directional Participation Rate with Cap 10% Buffer |
Dual Directional
Annual
|
100%
Participation
12%
Cap
|
| 1-Year S&P 500 Dual Directional Participation Rate with Cap 15% Buffer |
Dual Directional
Annual
|
100%
Participation
9%
Cap
|
| 1-Year S&P 500 Dual Directional Participation Rate with Cap 20% Buffer |
Dual Directional
Annual
|
100%
Participation
6.5%
Cap
|
| 1-Year Lesser of (S&P 500, Russell 2000) Dual Directional Participation Rate with Cap 10% Buffer |
Dual Directional
Annual
|
100%
Participation
24.5%
Cap
|
| 1-Year Lesser of (S&P 500, Russell 2000) Dual Directional Participation Rate with Cap 15% Buffer |
Dual Directional
Annual
|
100%
Participation
13.75%
Cap
|
| 1-Year Lesser of (S&P 500, Russell 2000) Dual Directional Participation Rate with Cap 20% Buffer |
Dual Directional
Annual
|
100%
Participation
8.25%
Cap
|
| 1-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 30% Trigger rate |
Contingent Yield with Trigger Rate
Annual
|
8.9%
Performance triggered
|
| 1-Year S&P 500 Contingent Yield with 30% Trigger rate |
Contingent Yield with Trigger Rate
Annual
|
7.65%
Performance triggered
|
| 2-Year S&P 500 Contingent Yield with 15% Buffer |
Contingent Yield
Biennial
|
14.6%
Performance triggered
|
| 3-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 15% Buffer |
Contingent Yield
Triennial
|
26%
Performance triggered
|
| 3-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 10% Buffer |
Contingent Yield
Triennial
|
29.5%
Performance triggered
|
| 3-Year S&P 500 Contingent Yield with 20% Buffer |
Contingent Yield
Triennial
|
19.7%
Performance triggered
|
| 3-Year S&P 500 Contingent Yield with 15% Buffer |
Contingent Yield
Triennial
|
21.5%
Performance triggered
|
| 3-Year S&P 500 Contingent Yield with 10% Buffer |
Contingent Yield
Triennial
|
23.6%
Performance triggered
|
| 2-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 20% Buffer |
Contingent Yield
Biennial
|
15.45%
Performance triggered
|
| 2-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 15% Buffer |
Contingent Yield
Biennial
|
18%
Performance triggered
|
| 2-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 10% Buffer |
Contingent Yield
Biennial
|
20.95%
Performance triggered
|
| 2-Year S&P 500 Contingent Yield with 20% Buffer |
Contingent Yield
Biennial
|
13.1%
Performance triggered
|
| 3-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 20% Buffer |
Contingent Yield
Triennial
|
22.75%
Performance triggered
|
| 2-Year S&P 500 Contingent Yield with 10% Buffer |
Contingent Yield
Biennial
|
16.4%
Performance triggered
|
| 1-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 20% Buffer |
Contingent Yield
Annual
|
7.6%
Performance triggered
|
| 1-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 15% Buffer |
Contingent Yield
Annual
|
9.25%
Performance triggered
|
| 1-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 10% Buffer |
Contingent Yield
Annual
|
11.45%
Performance triggered
|
| 1-Year S&P 500 Contingent Yield with 20% Buffer |
Contingent Yield
Annual
|
6.35%
Performance triggered
|
| 1-Year S&P 500 Contingent Yield with 10% Buffer |
Contingent Yield
Annual
|
8.65%
Performance triggered
|
| 1-Year S&P 500 Contingent Yield with 15% Buffer |
Contingent Yield
Annual
|
7.35%
Performance triggered
|
| 6-Year S&P 500 Annual Lock Cap 10% Buffer |
Annual Lock
6-Year
|
11.25%
Cap
|
| 3-Year S&P 500 Annual Lock Cap 10% Buffer |
Annual Lock
Triennial
|
12.5%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with Cap 10% Buffer Annual Fee |
Point to Point
6-Year
|
100%
Cap
|
| 1-Year MSCI EAFE PTP Participation Rate with Cap 10% Buffer |
Point to Point
Annual
|
100%
Participation
17.5%
Cap
|
| 6-Year Nasdaq-100 PTP Cap 15% Buffer Annual Fee |
Point to Point
6-Year
|
90%
Cap
|
| 6-Year Nasdaq-100 PTP Cap 10% Buffer Annual Fee |
Point to Point
6-Year
|
100%
Cap
|
| 6-Year Russell 2000 PTP Cap 25% Buffer Annual Fee |
Point to Point
6-Year
|
95%
Cap
|
| 6-Year Russell 2000 PTP Participation Rate with Cap 15% Buffer Annual Fee |
Point to Point
6-Year
|
130%
Cap
|
| 6-Year Russell 2000 PTP Participation Rate with Cap 10% Buffer Annual Fee |
Point to Point
6-Year
|
165%
Cap
|
| 6-Year S&P 500 PTP Cap 25% Buffer Annual Fee |
Point to Point
6-Year
|
70%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with Cap 15% Buffer Annual Fee |
Point to Point
6-Year
|
90%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Cap 10% Buffer Annual Fee |
Point to Point
Annual
|
100%
Participation
26.5%
Cap
|
| 6-Year Nasdaq-100 PTP Participation Rate with Cap 25% Buffer Annual Fee |
Point to Point
6-Year
|
100%
Participation
100%
Cap
|
| 6-Year Nasdaq-100 PTP Participation Rate with Cap 15% Buffer Annual Fee |
Point to Point
6-Year
|
100%
Participation
120%
Cap
|
| 6-Year Nasdaq-100 PTP Participation Rate with Cap 10% Buffer Annual Fee |
Point to Point
6-Year
|
100%
Participation
135%
Cap
|
| 6-Year Russell 2000 PTP Participation Rate with Cap 25% Buffer Annual Fee |
Point to Point
6-Year
|
100%
Participation
135%
Cap
|
| 6-Year Russell 2000 PTP Participation Rate with Cap 15% Buffer Annual Fee |
Point to Point
6-Year
|
100%
Participation
|
| 6-Year Russell 2000 PTP Participation Rate with Cap 10% Buffer Annual Fee |
Point to Point
6-Year
|
103%
Participation
|
| 6-Year S&P 500 PTP Participation Rate with Cap 25% Buffer Annual Fee |
Point to Point
6-Year
|
100%
Participation
90%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with Cap 15% Buffer Annual Fee |
Point to Point
6-Year
|
100%
Participation
120%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with Cap 10% Buffer Annual Fee |
Point to Point
6-Year
|
100%
Participation
300%
Cap
|
| 6-Year Nasdaq-100 PTP Cap 25% Buffer Annual Fee |
Point to Point
6-Year
|
75%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with Cap 15% Buffer |
Point to Point
6-Year
|
100%
Participation
70%
Cap
|
| 3-Year Russell 2000 PTP Participation Rate with Cap 20% Buffer |
Point to Point
Triennial
|
100%
Participation
45%
Cap
|
| 3-Year S&P 500 PTP Participation Rate with Cap 20% Buffer |
Point to Point
Triennial
|
100%
Participation
34%
Cap
|
| 6-Year Nasdaq-100 PTP Participation Rate with Cap 25% Buffer |
Point to Point
6-Year
|
100%
Participation
75%
Cap
|
| 6-Year Nasdaq-100 PTP Participation Rate with Cap 15% Buffer |
Point to Point
6-Year
|
100%
Participation
85%
Cap
|
| 6-Year Nasdaq-100 PTP Participation Rate with Cap 10% Buffer |
Point to Point
6-Year
|
100%
Participation
90%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with Cap 25% Buffer |
Point to Point
6-Year
|
100%
Participation
60%
Cap
|
| 6-Year MSCI EAFE PTP Participation Rate with Cap 15% Buffer |
Point to Point
6-Year
|
107%
Participation
|
| 6-Year Russell 2000 PTP Participation Rate with Cap 15% Buffer |
Point to Point
6-Year
|
100%
Participation
100%
Cap
|
| 3-Year MSCI EAFE PTP Cap 20% Buffer |
Point to Point
Triennial
|
100%
Participation
48%
Cap
|
| 6-Year MSCI EAFE PTP Participation Rate with Cap 10% Buffer |
Point to Point
6-Year
|
113%
Participation
|
| 6-Year Russell 2000 PTP Participation Rate with Cap 10% Buffer |
Point to Point
6-Year
|
100%
Participation
110%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with Cap 10% Buffer |
Point to Point
6-Year
|
100%
Participation
80%
Cap
|
| 3-Year S&P 500 PTP Participation Rate with Cap 15% Buffer |
Point to Point
Triennial
|
100%
Participation
37%
Cap
|
| 3-Year Russell 2000 PTP Participation Rate with Cap 10% Buffer |
Point to Point
Triennial
|
100%
Participation
63%
Cap
|
| 3-Year S&P 500 PTP Participation Rate with Cap 10% Buffer |
Point to Point
Triennial
|
100%
Participation
43%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Cap 10% Buffer |
Point to Point
Annual
|
100%
Participation
14.5%
Cap
|
| 1-Year Russell 2000 PTP Participation Rate with Cap 10% Buffer |
Point to Point
Annual
|
100%
Participation
20.75%
Cap
|
| 1-Year Nasdaq-100 PTP Participation Rate with Cap 10% Buffer |
Point to Point
Annual
|
100%
Participation
20.5%
Cap
|
| 6-Year Russell 2000 PTP Participation Rate with Cap 25% Buffer |
Point to Point
6-Year
|
100%
Participation
80%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Cap 15% Buffer |
Point to Point
Annual
|
100%
Participation
12%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Cap 20% Buffer |
Point to Point
Annual
|
100%
Participation
10.25%
Cap
|
| 3-Year Russell 2000 PTP Participation Rate with Cap 15% Buffer Annual Fee |
Point to Point
Triennial
|
100%
Participation
84%
Cap
|
| 3-Year Russell 2000 PTP Participation Rate with Cap 15% Buffer |
Point to Point
Triennial
|
100%
Participation
52%
Cap
|
| 3-Year MSCI EAFE PTP Participation Rate with Cap 15% Buffer |
Point to Point
Triennial
|
100%
Participation
65%
Cap
|
| 3-Year S&P 500 PTP Participation Rate with Cap 15% Buffer Annual Fee |
Point to Point
Triennial
|
100%
Participation
55%
Cap
|
| 1-Year iShares U.S. Real Estate ETF PTP Participation Rate with Cap 10% Buffer |
Point to Point
Annual
|
100%
Participation
23%
Cap
|
| 6-Year MSCI EAFE PTP Participation Rate with Cap 25% Buffer |
Point to Point
6-Year
|
100%
Participation
135%
Cap
|
| 1-Year MSCI Emerging Markets PTP Participation Rate with Cap 10% Buffer |
Point to Point
Annual
|
100%
Participation
29.75%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Cap 100% Buffer |
Point to Point
Annual
|
100%
Participation
6%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Cap 25% Buffer |
Point to Point
Annual
|
100%
Participation
8.75%
Cap
|
| 3-Year Nasdaq-100 PTP Participation Rate with Cap 15% Buffer Annual Fee |
Point to Point
Triennial
|
100%
Participation
64%
Cap
|
| 3-Year Nasdaq-100 PTP Participation Rate with Cap 20% Buffer |
Point to Point
Triennial
|
100%
Participation
42%
Cap
|
| 3-Year Nasdaq-100 PTP Participation Rate with Cap 15% Buffer |
Point to Point
Triennial
|
100%
Participation
47%
Cap
|
| 3-Year Nasdaq-100 PTP Participation Rate with Cap 10% Buffer |
Point to Point
Triennial
|
100%
Participation
54%
Cap
|
| 3-Year MSCI EAFE PTP Participation Rate with Cap 10% Buffer |
Point to Point
Triennial
|
106%
Participation
|
| 6-Year S&P 500 Dual Direction Participation Rate with Cap 10% Buffer Annual Fee |
Dual Directional
6-Year
|
100%
Participation
130%
Cap
|
| 6-Year S&P 500 Dual Direction Participation Rate with Cap 15% Buffer Annual Fee |
Dual Directional
6-Year
|
100%
Participation
100%
Cap
|
| 6-Year S&P 500 Dual Direction Participation Rate with Cap 25% Buffer Annual Fee |
Dual Directional
6-Year
|
100%
Participation
80%
Cap
|
| 3-Year S&P 500 Dual Direction Participation Rate with Cap 10% Buffer Annual Fee |
Dual Directional
Triennial
|
100%
Participation
64%
Cap
|
| 3-Year S&P 500 Dual Direction Participation Rate with Cap 15% Buffer Annual Fee |
Dual Directional
Triennial
|
100%
Participation
48%
Cap
|
| 3-Year S&P 500 Dual Direction Participation Rate with Cap 20% Buffer Annual Fee |
Dual Directional
Triennial
|
100%
Participation
40%
Cap
|
| 3-Year S&P 500 Dual Direction Participation Rate with Cap 25% Buffer Annual Fee |
Dual Directional
Triennial
|
100%
Participation
34%
Cap
|
| 1-Year S&P 500 Dual Direction Participation Rate with Cap 10% Buffer Annual Fee |
Dual Directional
Annual
|
100%
Participation
19.25%
Cap
|
| 1-Year S&P 500 Dual Direction Participation Rate with Cap 15% Buffer Annual Fee |
Dual Directional
Annual
|
100%
Participation
14.25%
Cap
|
| 1-Year S&P 500 Dual Direction Participation Rate with Cap 20% Buffer Annual Fee |
Dual Directional
Annual
|
100%
Participation
11%
Cap
|
| 6-Year S&P 500 Contingent Yield with 10% Buffer |
Contingent Yield
6-Year
|
42.5%
Performance triggered
|
| 6-Year S&P 500 Contingent Yield with 15% Buffer |
Contingent Yield
6-Year
|
39.5%
Performance triggered
|
| 6-Year S&P 500 Contingent Yield with 25% Buffer |
Contingent Yield
6-Year
|
34.7%
Performance triggered
|
| 6-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 10% Buffer |
Contingent Yield
6-Year
|
49%
Performance triggered
|
| 6-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 15% Buffer |
Contingent Yield
6-Year
|
46.5%
Performance triggered
|
| 6-Year Lesser of (S&P 500, Russell 2000) Contingent Yield with 25% Buffer |
Contingent Yield
6-Year
|
39.75%
Performance triggered
|
| 6-Year S&P 500 PTP Participation Rate with Cap 100% Buffer |
Point to Point
6-Year
|
100%
Participation
43%
Cap
|
| 6-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 10% Buffer |
Point to Point
6-Year
|
101%
Participation
|
| 6-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 15% Buffer |
Point to Point
6-Year
|
100%
Participation
125%
Cap
|
| 6-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 25% Buffer |
Point to Point
6-Year
|
100%
Participation
85%
Cap
|
| 6-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 100% Buffer |
Point to Point
6-Year
|
100%
Participation
50%
Cap
|
| 3-Year S&P 500 PTP Participation Rate with Cap 10% Buffer Annual Fee |
Point to Point
Triennial
|
100%
Participation
85%
Cap
|
| 3-Year S&P 500 PTP Participation Rate with Cap 20% Buffer Annual Fee |
Point to Point
Triennial
|
100%
Participation
47%
Cap
|
| 3-Year S&P 500 PTP Participation Rate with Cap 100% Buffer |
Point to Point
Triennial
|
100%
Participation
20%
Cap
|
| 3-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 10% Buffer |
Point to Point
Triennial
|
113%
Participation
|
| 3-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 15% Buffer |
Point to Point
Triennial
|
105%
Participation
|
| 3-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 20% Buffer |
Point to Point
Triennial
|
100%
Participation
65%
Cap
|
| 3-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 100% Buffer |
Point to Point
Triennial
|
100%
Participation
25%
Cap
|
| 3-Year Russell 2000 PTP Participation Rate with Cap 10% Buffer Annual Fee |
Point to Point
Triennial
|
101%
Participation
|
| 3-Year Russell 2000 PTP Participation Rate with Cap 20% Buffer Annual Fee |
Point to Point
Triennial
|
100%
Participation
66%
Cap
|
| 3-Year Nasdaq-100 PTP Participation Rate with Cap 10% Buffer Annual Fee |
Point to Point
Triennial
|
100%
Participation
76%
Cap
|
| 3-Year Nasdaq-100 PTP Participation Rate with Cap 20% Buffer Annual Fee |
Point to Point
Triennial
|
100%
Participation
56%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Cap 15% Buffer Annual Fee |
Point to Point
Annual
|
100%
Participation
19.25%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Cap 20% Buffer Annual Fee |
Point to Point
Annual
|
100%
Participation
16.25%
Cap
|
| 1-Year S&P 500 PTP Participation Rate with Cap 25% Buffer Annual Fee |
Point to Point
Annual
|
100%
Participation
14.25%
Cap
|
| 1-Year Russell 2000 PTP Participation Rate with Cap 10% Buffer Annual Fee |
Point to Point
Annual
|
100%
Participation
34.75%
Cap
|
| 1-Year Nasdaq-100 PTP Participation Rate with Cap 10% Buffer Annual Fee |
Point to Point
Annual
|
100%
Participation
32.5%
Cap
|
| 1-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 10% Buffer |
Point to Point
Annual
|
104%
Participation
|
| 1-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 15% Buffer |
Point to Point
Annual
|
100%
Participation
21.5%
Cap
|
| 1-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 20% Buffer |
Point to Point
Annual
|
100%
Participation
16%
Cap
|
| 1-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 25% Buffer |
Point to Point
Annual
|
100%
Participation
12.75%
Cap
|
| 1-Year Lesser of (S&P 500, Russell 2000) PTP Participation Rate with Cap 100% Buffer |
Point to Point
Annual
|
100%
Participation
7.25%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 8% | 7% | 6% | 5% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Death Benefit Rider (ages 81+) | Yes | 0.60% annually |
| MAV Death Benefit Rider | Yes | 0.30% annually |
Waivers
Death
We do not assess Surrender Charges for death benefit payments made in the event of Your death.
Hospital
Surrenders You make if You are confined to a hospital or nursing home and have been for the prior 60 days or confinement began within 30 days following a prior 60-day confinement period. Such confinement must begin after the Contract Date. Your Contract will include this provision when You are under age 76 at Contract issue. You must provide us with a letter containing proof satisfactory to Us of the confinement as of the date You request the surrender. We must receive Your surrender request no later than 91 days after Your release from the hospital or nursing home. The amount surrendered must be paid directly to You.
Nursing Home
Surrenders You make if You are confined to a hospital or nursing home and have been for the prior 60 days or confinement began within 30 days following a prior 60-day confinement period. Such confinement must begin after the Contract Date. Your Contract will include this provision when You are under age 76 at Contract issue. You must provide us with a letter containing proof satisfactory to Us of the confinement as of the date You request the surrender. We must receive Your surrender request no later than 91 days after Your release from the hospital or nursing home. The amount surrendered must be paid directly to You.
Terminal Illness
Surrenders You make if You are diagnosed in the second or later Contract Years with a medical condition that with reasonable medical certainty will result in death within 12 months or less from the date of the diagnosis. You must provide Us with a licensed physician’s statement containing the terminal illness diagnosis, the expected date of death and the date the terminal illness was initially diagnosed. The amount surrendered must be paid directly to You.
Premium Notes
Purchase Payments
Purchase payment limits are based on Your age on the effective date of the payment.
Minimum initial purchase payment:
- Non-Qualified: $10,000
- Qualified: $10,000 (not available for 401(a), 403(b), simple IRAs and 501c(3))
Additional purchase payments
Minimum additional purchase payment $50
Withdrawal Provisions
Withdrawal privilegesDuring the first contract year, you have access to the greater of 10% of your purchase payments or earnings without surrender charges. In subsequent years, you have access to the greater of 10% of your prior year contract anniversary value or earnings without surrender charges.Market Value AdjustmentA positive or negative adjustment that applies to withdrawals during the surrender charge period. This includes required minimum distributions, “free amount” withdrawals, annuitizations, and amounts paid to the owner if you become terminally ill or are confined to a hospital or nursing home. The market value adjustment does not apply to withdrawals from the interim account or Income Choice monthly income. The adjustment amount is based on the change in the Bloomberg US Agg Credit index - Yield To Worst rate since the contract was issued. After the surrender charge period ends, no market value adjustments will be applied.
- A.M. Best A+
- S&P A+
- Moody's A1
- Comdex 90