SecureLink Future 7
Get an annuity today!
Learn how an annuity can provide guaranteed income for life.
Highlights
The SecureLink Future 7 fixed indexed annuity connects protection and growth for your clients’ retirement future.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index |
|---|---|
| Purpose | Lifetime Income |
|
Term
|
7 Years |
|
Surrender schedule
|
9%8%7%6%5%4%3% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
11/18/2016 |
|
Minimum contribution
|
$10,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
80 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, and Inherited IRA |
Brochure
|
Open brochure |
Find out if the SecureLink Future 7 is the right product for you.
Premium Notes
Purchase payment
Minimum: $10,000
Maximum: $2,000,000
Additional Purchase Payments
- Minimum $1,000 (allowed during first six months)
- Purchase payments received after the issue date are deposited into an interim guaranteed interest account and transferred to the current allocation on the next contract anniversary.
Please note: If Achiever Lifetime Income optional benefit is elected, no more than 75% of the initial purchase payment may be allocated to the fixed account.
Withdrawal Provisions
Access to your money
Flexible withdrawals in an annuity may be hard to come by, but with SecureLink Future 7, you can access a portion of your annuity’s value without contract penalty. The minimum withdrawal amount is $250.
Free withdrawal
After the first contract year, you may access up to 10% of your annuity’s contract value (as of the prior contract anniversary) without incurring a surrender charge. If you need to withdraw more than 10%, there is a surrender charge during the first seven years.
RMD Friendly
When required by the IRS, you may withdraw any additional amount needed to meet the IRS Required Minimum Distribution (RMD) from this contract for that year. Keep in mind that withdrawals prior to age 59½ may be subject to a 10% federal tax penalty.
Flexible withdrawals in an annuity may be hard to come by, but with SecureLink Future 7, you can access a portion of your annuity’s value without contract penalty. The minimum withdrawal amount is $250.
Free withdrawal
After the first contract year, you may access up to 10% of your annuity’s contract value (as of the prior contract anniversary) without incurring a surrender charge. If you need to withdraw more than 10%, there is a surrender charge during the first seven years.
RMD Friendly
When required by the IRS, you may withdraw any additional amount needed to meet the IRS Required Minimum Distribution (RMD) from this contract for that year. Keep in mind that withdrawals prior to age 59½ may be subject to a 10% federal tax penalty.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| Interim Account Up to 1st Contract Anniversary |
Fixed
|
3.4%
Fixed
|
| 1-Year SG Climate Prepared PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
| 1-Year Barclays All Caps Trailblazer 5 PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.8%
Cap
|
| 2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
17.5%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Achiever Lifetime Income Rider | No | 1.15% annually |
Waivers
Annuitization
Contact us to get more information about this waiver.
Ready to Protect Your Financial Future?
Request a free quote or talk to our financial expert to get help