Personal Choice Plus
Highlights
Type
|
Fixed Index |
---|---|
Purpose | Accumulation & Legacy |
Term
|
5 Years |
Surrender schedule
|
10%9%8%7%5% |
Free withdrawal
|
0% |
Market value adjustment
|
|
Return of premium
|
|
Minimum contribution
|
$5,000 |
Maximum contribution
|
$1,000,000 |
Max Age Qualified
|
90 |
Types of funds
|
Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP |
Brochure
|
Open brochure |
Find out if the Personal Choice Plus is the right product for you.
Withdrawal Provisions
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
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
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.
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