Prosperity PathPro Max 5
Prosperity PathPro Max 5
About Product
Guaranteed Participation (Par) and Cap Rates
Prosperity PathPro Series offers guaranteed Par and Cap Rates for the 5-year withdrawal charge period. This rate is equal to the initial Par and Cap Rate and will not decrease in future years until after the withdrawal charge period is over. Not applicable on S&P 500.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.25%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4%
Cap
|
| 1-Year S&P Engle 14% PTP Cap Guaranteed |
Point to Point
Annual
|
5%
Cap
|
| 1-Year S&P Engle 14% PTP Participation Rate Guaranteed |
Point to Point
Annual
|
30%
Participation
|
| 2-Year S&P Engle 14% PTP Participation Rate Guaranteed |
Point to Point
Biennial
|
40%
Participation
|
| 1-Year Nasdaq Nexus 12% PTP Participation Rate Guaranteed |
Point to Point
Annual
|
35%
Participation
|
| 2-Year Nasdaq Nexus 12% PTP Participation Rate Guaranteed |
Point to Point
Biennial
|
45%
Participation
|
| 1-Year MSCI USA Balanced FC 10% PTP Participation Rate Guaranteed |
Point to Point
Annual
|
45%
Participation
|
| 2-Year MSCI USA Balanced FC 10% PTP Participation Rate Guaranteed |
Point to Point
Biennial
|
55%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% |
Riders
No Riders for Prosperity PathPro Max 5 annuity.
Waivers
Terminal Illness
If the Contract Owner is diagnosed with a Terminal Illness while this Contract is in force, he/she may withdraw up to 100% of the Accumulation Value without incurring an MVA or Withdrawal Charge. Owners are not subject to a Premium Bonus Recapture. To exercise this waiver, proof from a physician will be required.
Confinement
If the Contract Owner is confined to a long-term care facility, intermediate nursing facility , skilled nursing facility , or hospital due to injury or sickness, that person may withdraw up to 100% of the Accumulation Value without incurring an MVA or Withdrawal Charge as long as the Confinement has lasted for 90 consecutive days. Available for all issue ages. Proof of Confinement will be required.
RMD
Annual amount that must be withdrawn from tax-qualified annuities under the federal tax laws. RMDs will not be subject to a Withdrawal Charge, Premium Bonus Recapture Amount or MVA, but will count against the permitted Penalty-Free Withdrawal % amount for the applicable Contract Year.
Withdrawal Provisions
Market Value Adjustment (MVA)The MVA Rider is automatically included on this contract. Any full surrender or partial withdrawal in excess of any applicable Penalty-Free Withdrawal will be subject to an MVA within the Withdrawal Charge Period. An MVA may be either positive or negative depending on the interest rate environment at the time of the applicable withdrawal. The MVA formula is described in detail in the contract. The MVA does not apply to any Penalty Free Withdrawals permitted by the contract, Death Benefit, or any withdrawal after the Withdrawal Charge Period. Penalty-Free Withdrawal Beginning in contract year two, the Contract Owner may withdraw up to 10% of the Accumulation Value without incurring a Withdrawal Charge or a negative MVA. Any unused portion cannot be carried over to subsequent contract years. PFW Rider is included in all contracts. Withdrawals are subject to tax and, if taken prior to age 59 1/2, may be subject to a 10% IRS penalty.
- A.M. Best A-
- S&P A-
- Comdex 61
