ClearLine Annuity
Highlights
Type
|
Fixed Index |
---|---|
Purpose | Accumulation |
Surrender schedule
|
No Surrender Charge |
Free withdrawal
|
10% |
Market value adjustment
|
|
Return of premium
|
|
Minimum contribution
|
$25,000 |
Maximum contribution
|
$3,000,000 |
Max Age Qualified
|
80 |
Types of funds
|
Non-Qualified, IRA, IRA Rollover, TSA 403b, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Find out if the ClearLine Annuity is the right product for you.
Premium Notes
Withdrawal Provisions
Upon surrender or full annuitization of your Contract, while the Return of Purchase Payment Rider is in effect (starting on the 3rd contract anniversary and ending on the 7th contract anniversary), the Cash Surrender Value will at least equal the Return of Purchase Payment Amount which is equal to the Purchase Payment reduced by all amounts deducted from the Account Value prior to surrender or full annuitization.
10% Free Withdrawal
Before the first Contract Anniversary, you may withdraw for free up to 10% of your Purchase Payment. After the first Contract Anniversary through the surrender charge period, you may withdraw for free up to 10% of your Account Value as of the beginning of the Contract Year. Free withdrawals do not apply to full surrender or annuitization, and are not subject to a surrender charge or MVA.
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
5.5%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
12.75%
Cap
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
3.5%
Cap
|
1-Year S&P 500 LV DRC 5% TR PTP Participation Rate with Spread |
Point to Point
Annual
|
100%
Participation
0.75%
Spread
|
1-Year Avantis Barclays Volatility Control PTP Participation Rate |
Point to Point
Annual
|
125%
Participation
|
1-Year Fixed Account |
Fixed
|
5.6%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
13.25%
Cap
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
4%
Cap
|
1-Year S&P 500 LV DRC 5% TR PTP Participation Rate with Spread |
Point to Point
Annual
|
100%
Participation
0.5%
Spread
|
1-Year Avantis Barclays Volatility Control PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
Surrender schedule
Year |
---|
Penalty |
Riders
No Riders for ClearLine Annuity annuity.
Waivers
Nursing Home
Unavailable in states: CA, and MA
We will waive the surrender charge and MVA on full or partial withdrawals after the 3rd Contract Year, provided the owner satisfies eligibility conditions for the Nursing Home Waiver.
Terminal Illness
Unavailable in states: CA, and NJ
We will waive the surrender charge and MVA on full or partial withdrawals after the 3rd Contract Year, provided the owner satisfies eligibility conditions for the Terminal Illness Waiver.
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