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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

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

20%

Term

10 Years

Surrender schedule

12%

11%

10%

Fee withdrawal:

20% (From Year 2)

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$3,500,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, SEP IRA, and IRA-Roth

Launch Date

09/30/2024

The TopRidge Bonus Annuity is a modified single premium, deferred fixed index annuity. The TopRidge Bonus Annuity includes a Bonus, which adds an amount to the Account Value, and a Cumulative Free Withdrawal Rider with Rider Charge Refund (for which an annual charge applies).

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.

Available in states: AL, AK, AZ, AR, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WI, and WY

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	7% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates

See if this annuity ranks in your top 3 for Ohio

Investment Amount

Riders

Name	Inbuilt	Fee
Cumulative Free Withdrawal Rider with Rider Charge Refund	Yes	0.95% annually (0.00% after 10 years)

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

Minimum Premium
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.

Company Founded: 1892

Excellent Rated Company

Security Benefit Life Insurance Company

Company Ratings

4.1