Evolve 14
Evolve 14
About Product
Income That Can't Be Outlived
A lifetime withdrawal benefit is automatically included and ensures that you can generate a lifetime income that will last for your life.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Nasdaq Generations 5 Boost Spread (CA, IN Only) |
Boost
Annual
|
2.75%
Spread
|
| 1-Year Nasdaq Generations 5 Boost Spread (CO Only) |
Boost
Annual
|
4.25%
Spread
|
| 1-Year S&P 500 RavenPack Boost Spread (Most States) |
Boost
Annual
|
4.75%
Spread
|
| 1-Year Nasdaq Generations 5 Boost Spread (Most States) |
Boost
Annual
|
4.5%
Spread
|
| 1-Year S&P 500 RavenPack Boost Spread (CA, IN Only) |
Boost
Annual
|
3%
Spread
|
| 1-Year Barclays Atlas 5 Boost Spread (CA, IN Only) |
Boost
Annual
|
2.75%
Spread
|
| 1-Year Barclays Atlas 5 Boost Spread (CO Only) |
Boost
Annual
|
4.25%
Spread
|
| 1-Year Barclays Atlas 5 Boost Spread (Most States) |
Boost
Annual
|
4.5%
Spread
|
| 1-Year S&P 500 RavenPack Boost Spread (CO Only) |
Boost
Annual
|
4.5%
Spread
|
| 1-Year Fixed Account (CO Only) |
Fixed
|
4.75%
Fixed
|
| 1-Year Fixed Account (Most States) |
Fixed
|
5%
Fixed
|
| 1-Year Fixed Account (CA, IN Only) |
Fixed
|
4%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
47%
Participation
|
| 1-Year S&P 500 PTP Participation Rate (CO Only) |
Point to Point
Annual
|
60%
Participation
|
| 1-Year S&P 500 RavenPack PTP Participation Rate (Most States) |
Point to Point
Annual
|
225%
Participation
|
| 1-Year S&P 500 RavenPack PTP Participation Rate (CO Only) |
Point to Point
Annual
|
220%
Participation
|
| 1-Year S&P 500 RavenPack PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P 500 PTP Participation Rate (Most States) |
Point to Point
Annual
|
62%
Participation
|
| 1-Year S&P 500 PTP Cap (CA, IN Only) |
Point to Point
Annual
|
7.25%
Cap
|
| 1-Year S&P 500 PTP Cap (CO Only) |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year Nasdaq Generations 5 PTP Participation Rate (Most States) |
Point to Point
Annual
|
215%
Participation
|
| 1-Year Nasdaq Generations 5 PTP Participation Rate (CO Only) |
Point to Point
Annual
|
210%
Participation
|
| 1-Year Nasdaq Generations 5 PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
165%
Participation
|
| 1-Year S&P 500 PTP Cap (Most States) |
Point to Point
Annual
|
9.75%
Cap
|
| 1-Year S&P 500 Duo Swift PTP Participation Rate (Most States) |
Point to Point
Annual
|
82%
Participation
|
| 1-Year S&P 500 Duo Swift PTP Participation Rate (CO Only) |
Point to Point
Annual
|
82%
Participation
|
| 1-Year S&P 500 Duo Swift PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
65%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap (Most States) |
Point to Point
Annual
Monthly sum
|
3.25%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap (CO Only) |
Point to Point
Annual
Monthly sum
|
3%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap (CA, IN Only) |
Point to Point
Annual
Monthly sum
|
2.5%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate (Most States) |
Point to Point
Annual
Monthly average
|
110%
Participation
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate (CO Only) |
Point to Point
Annual
Monthly average
|
105%
Participation
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate (CA, IN Only) |
Point to Point
Annual
Monthly average
|
85%
Participation
|
| 1-Year Bloomberg Versa 10 PTP Participation Rate (Most States) |
Point to Point
Annual
|
100%
Participation
|
| 1-Year Bloomberg Versa 10 PTP Participation Rate (CO Only) |
Point to Point
Annual
|
100%
Participation
|
| 1-Year Bloomberg Versa 10 PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
77%
Participation
|
| 1-Year Barclays Atlas 5 PTP Participation Rate (Most States) |
Point to Point
Annual
|
210%
Participation
|
| 1-Year Barclays Atlas 5 PTP Participation Rate (CO Only) |
Point to Point
Annual
|
205%
Participation
|
| 1-Year Barclays Atlas 5 PTP Participation Rate (CA, IN Only) |
Point to Point
Annual
|
160%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 15% | 14% | 13% | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Evolve 14 ELWB Level | Yes | |
| Evolve 14 ELWB Increasing | Yes |
Waivers
Nursing Home
Unavailable in states: CA, and ND
Up to 100% of the Account Value can be withdrawn if the Owner is confined to a nursing home for at least 90 consecutive days and meets the eligibility requirements. Available after the 1st Policy Year. Please see the Certificate of Disclosure for more information.
Terminal Illness
Unavailable in states: CA
Up to 100% of the Account Value can be withdrawn if the Owner is diagnosed with a Terminal Illness that results in the Owner having a life expectancy of 12 months or less and eligibility requirements are met. Available after the 1st Policy Year. Please see the Certificate of Disclosure for more information.
ADL
Unavailable in states: CA, and SD
Up to 20% of the Account Value can be withdrawn each year for 5 Policy Years if the Owner is unable to perform 2 of the 6 Activities of Daily Living without the physical assistance of another person and meets eligibility requirements. Available after the 1st Policy Year. Please see the Certificate of Disclosure for more information.
Premium Notes
$10,000 Qualified and Non-Qualified
Additional premiums allowed 1st policy year. (Minimum Additional Premium: $2,000)
Withdrawal Provisions
Free WithdrawalsIn the 1st Policy Year, Required Minimum Distributions can be withdrawn. After the 1st Policy Year, up to 5% of the Account Value or RMD can be withdrawn. One free withdrawal allowed per year. Market Value Adjustment (MVA) An MVA applies to any withdrawal to which a withdrawal charge applies. An MVA can either decrease or increase the amount received from a full or partial withdrawal. It does not apply after the withdrawal charge period.
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