TopRidge Bonus
If you're planning for a secure retirement, TopRidge Bonus annuity is a great choice. It's designed to provide guaranteed income and offers additional bonuses for longevity. It's like a safety net for your golden years.
Investing in TopRidge Bonus isn't just smart, it's stress-free. With professional and courteous help just a phone call away, planning your future never felt this easy. Take control, choose TopRidge Bonus.
TopRidge Bonus
About Product
You should only purchase the TopRidge Bonus Annuity if you do not expect to need the funds in the next 10 years, other than amounts available through Free Withdrawals. The TopRidge Bonus Annuity is designed to be held for the long-term.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.25%
Cap
|
| 1-Year Nasdaq-100 PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year Russell 2000 Small Cap PTP Cap |
Point to Point
Annual
|
7%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate with Spread |
Point to Point
Annual
|
55%
Participation
|
| 1-Year Morgan Stanley Global Equity Allocator PTP Participation Rate with Spread |
Point to Point
Annual
|
100%
Participation
|
| 2-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate with Spread |
Point to Point
Biennial
|
75%
Participation
|
| 2-Year Morgan Stanley Global Equity Allocator PTP Participation Rate with Spread |
Point to Point
Biennial
|
135%
Participation
|
| 1-Year MSCI BofA US Dualcast PTP Participation Rate with Spread |
Point to Point
Annual
|
85%
Participation
|
| 1-Year SG AI Navigator PTP Participation Rate with Spread |
Point to Point
Annual
|
80%
Participation
|
| 2-Year MSCI BofA US Dualcast PTP Participation Rate with Spread |
Point to Point
Biennial
|
120%
Participation
|
| 2-Year SG AI Navigator PTP Participation Rate with Spread |
Point to Point
Biennial
|
120%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 12% | 12% | 11% | 11% | 10% | 9% | 8% | 7% | 6% | 4% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Cumulative Free Withdrawal Rider with Rider Charge Refund | Yes | 0.95% annually |
Waivers
Nursing Home
Unavailable in states: CA, and MA
If an Owner is confined in a Hospital or Nursing Facility for 90 consecutive days, he or she may withdraw up to their full Account Value and waive all Surrender Charges, Bonus Recapture, and MVA (if applicable). The request for such waiver must be after the 3rd Contract Anniversary. May vary by State. A request for the waiver must be made on a SBL form and must be accompanied by a licensed doctor’s statement.
Terminal Illness
Unavailable in states: CA, and NJ
If an Owner is diagnosed with a terminal illness after purchasing a contract, Surrender Charges, Bonus Recapture, and MVA (if applicable) will be waived. The request for such waiver must be after the 3rd contract Anniversary. May vary by State. A request for the waiver must be made on a SBL form and must be accompanied by a licensed doctor’s statement.
Premium Notes
The Initial Purchase Payment is $25,000.
Subsequent Premium
Minimum of $1,000 allowed prior to the first Contract Anniversary. After the first contract year, no further Purchase Payments are accepted. Any additional Purchase Payments will be allocated to the Fixed Account.
Maximum Premium
Anticipated amounts between $1M - $3M could require prior company approval, depending on applicant’s age
Withdrawal Provisions
Market Value Adjustment (MVA) During the Surrender Charge Period, an MVA is applied to withdrawals in excess of the Free Withdrawal Amount, full surrenders, or the death benefit paid on the death of a Joint Owner who is not the Annuitant’s spouse.Free Withdrawal Each Contract Year (including year one), 10% of the total Purchase Payments is available as a free withdrawal without Surrender Charge, Bonus Recapture, or MVA (if applicable). Cumulative Free Withdrawals Each year that no withdrawals are taken, the free withdrawal amount may be carried over to the next Contract Year. This is known as the Cumulative Free Partial Withdrawal. Free withdrawals may be carried over up to two years for a maximum of 30% of the total Purchase Payments. Refer to the Statement of Understanding (SOU) for more details. No Cumulative Free Withdrawal is available in a contract year if you took any withdrawals in the previous contract year.
- A.M. Best A-
- Fitch A-
- S&P A-
- Comdex 56
