Personal Choice Plus
The Personal Choice Plus annuity is like a personal safety net for your retirement. It provides a steady stream of income, so you can enjoy your golden years without worrying about money.
It's easy to understand, flexible to meet your needs and reliable like a good friend. If you're planning for the future, the Personal Choice Plus annuity surely offers peace of mind.
Personal Choice Plus
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 5-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.1%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
4.2%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.75%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 10% | 9% | 8% | 7% | 5% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Preferred 10% Free Withdrawal - 0.08% fee | No | 0.08% annually |
| Death Benefit Feature | No | 0.35% annually |
| Required Minimum Distribution - 0.16% fee | No | 0.16% annually |
| Accumulated Interest Withdrawal - 0.08% fee | No | 0.08% annually |
Waivers
Nursing Home
Unavailable in states: PA
Available. The nursing home waiver does not include home health care.
Terminal Illness
Unavailable in states: PA
Available
Surrender Window
30 days prior to the end of the Guarantee Period, the following options are available to take effect on the next Contract Anniversary: 1. Continue the contract for another Guarantee Period; 2. Apply the Contract Value to a Settlement Option; 3. Take a Partial Withdrawal, with no MVA or Surrender Charges, and apply the remaining value to another Guarantee Period; 4. Surrender the contract without MVA or Surrender Charges.
Withdrawal Provisions
Optional Riders and Cost Required Minimum Distribution - 0.16% fee Preferred 10% Free Withdrawal - 0.08% fee Death Benefit Feature - 0.35% fee Accumulated Interest Withdrawal - 0.08% feeThe cost will be deducted from your accumulation value on each contract anniversary Death Benefit The amount payable if the Owner, or the Annuitant if the Owner is not a Natural Person, dies before annuity payments begin, is equal to the Cash Surrender Value. The following options are available to each beneficiary: Lump Sum Distributed within five years Installment payments using a Settlement Option Enhanced Death Benefit Option Receive the Benefit Base payable in equal periodic payments over 5 years Benefit Base receives a Roll-up Rate equal to 150% of the Net Interest Rate
- A.M. Best B++
