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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%
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Orbiter Income 5

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Highlights

Orbiter Income Annuity is a single premium fixed indexed annuity product designed for retirees who are looking for:
  • Guaranteed lifetime income 
  • Diversification and growth opportunities 
  • Asset protection 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Type
 Fixed Index
Purpose Lifetime Income
Term
 5 Years
Surrender schedule
 9%8%7%6%5%
Free withdrawal
 1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
 12/04/2023
Minimum contribution
 $25,000
Maximum contribution
 $2,000,000
Max Age Qualified
 85
Types of funds
 Non-Qualified, 401k, Profit Sharing, IRA, Pension, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, and 457 plan
Brochure
 Open brochure

Find out if the Orbiter Income 5 is the right product for you.

Premium Notes

Annual Contract Fee
None. 

Withdrawal Provisions

Market Value Adjustment (MVA)
An adjustment applied to your contract’s value or withdrawal amount if you withdraw more than the contract allows in a single year. A Market Value Adjustment is subject to current market conditions, and could affect your contract’s value or withdrawal amount positively or negatively, but cannot reduce your contract’s value to less than the Guaranteed Minimum Surrender Value (GMSV). 

Free Withdrawal amount
Beginning in the second contract year, 10% of the beginning Index Year Contract Value may be withdrawn without incurring any surrender charges or MVA.  

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.35% Fixed
1-Year S&P 500 PTP Higher Cap with 50% Participation Rate
Point to Point
Annual
50% Participation
6.75% Cap
1-Year S&P 500 PTP Cap with 100% Participation Rate
Point to Point
Annual
100% Participation
6.2% Cap
1-Year Russell 2000 PTP Monthly Average Participation Rate with Cap
Point to Point
Annual
Monthly average
100% Participation
5.25% Cap
1-Year Barclays Global Trailblazer PTP Participation Rate
Point to Point
Annual
95% Participation
1-Year Fixed Account
Fixed
3.6% Fixed
1-Year S&P 500 PTP Higher Cap with 50% Participation Rate
Point to Point
Annual
50% Participation
9.75% Cap
1-Year S&P 500 PTP Cap with 100% Participation Rate
Point to Point
Annual
100% Participation
7.7% Cap
1-Year Russell 2000 PTP Monthly Average Participation Rate with Cap
Point to Point
Annual
Monthly average
100% Participation
6.75% Cap
1-Year Barclays Global Trailblazer PTP Participation Rate
Point to Point
Annual
115% Participation

Surrender schedule

Year 1 2 3 4 5
Penalty 9% 8% 7% 6% 5%

Riders

Name Inbuilt Fee
Equilibrium Plus GLWB Rider Yes 1.15% annually

Waivers

Death

Surrender charges do not apply as a result of the death of the Annuitant

Nursing Home

Unavailable in states: CA

Nursing Home Waiver Provides access to Contract Value without surrender charge or Market Value Adjustment (MVA) if you require hospital or nursing home confinement for at least 30 consecutive days (subject to state availability). Contract must be issued before your 80th birthday.

Annuitization

Surrender charges do not apply under certain annuitization scenarios.

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