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
Does Personal Choice Plus make your top 3?
Our clients typically get 23% more income than their first quote.
About Product
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% fee
The cost will be deducted from your accumulation value on each contract anniversary
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% |
Hypothetical Projection
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
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 C+
