SecureLink Chronic Illness Access
Highlights
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation & Legacy |
|
Term
|
7 Years |
|
Surrender schedule
|
9%8%7%6%5%4%3% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
10/01/2018 |
|
Minimum contribution
|
$20,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
75 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, 1035 Exchange, and Inherited IRA |
Brochure
|
Open brochure |
Find out if the SecureLink Chronic Illness Access is the right product for you.
Withdrawal Provisions
Withdrawal Minimum $250 (or when applicable, RMD amount if less)
- 10% of your prior Contract Anniversary value (1st contract year, 10% of Purchase Payment)
- Required Minimum Distribution in excess of 10% (for IRA accounts). Free Withdrawal (Not available on surrender). You may withdraw a portion of your Contract Value free from any Surrender Charge or Market Value Adjustment. Set on each Contract Anniversary, it is the greater of: All withdrawals reduce your contract, surrender, and death benefit values.
Available for 21 days following each contract anniversary (coinciding with the end of the applicable crediting period). Transfers will earn the renewal rate for the selected account option.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.1%
Fixed
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
7.15%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.2%
Cap
|
| 1-Year Barclays All Caps Trailblazer 5 PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 1-Year SG Climate Prepared PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4.25%
Fixed
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
| 1-Year Barclays All Caps Trailblazer 5 PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
| 1-Year SG Climate Prepared PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Accelerated Death Benefit Rider (ages 70 and under) | Yes | 0.75% annually |
| Accelerated Death Benefit Rider (ages 71-75) | Yes | 1.15% annually |
Waivers
Death
Surrender Charge and MVA waived at Death.
Terminal Illness
Where one has a terminal condition directly resulting in a significantly reduced life expectancy. (This is typically 12 months or less. It may vary by state.)Withdrawal or surrender during the death benefit acceleration period for chronic/terminal illness.
Annuitization
Waiver of Surrender Charge and MVA
ADL
Chronic Illness, where one is either (a) unable to perform at least two of six activities of daily living, or (b) has severe cognitive impairment. Activities of daily living (ADLs) refer to basic functional abilities that ensure the ability for self-care and the ability to live independently without substantial assistance from another individual. The six ADLs are bathing, continence, dressing, eating, toileting, and transferring. Severe cognitive impairment is the deterioration or loss of intellectual capacity, requiring substantial assistance by another person to protect you from threats to health and safety.
Request a free quote or talk to our financial expert to get help