Orbiter Income 7
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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
|
---|---|
Term
|
7 Years |
Surrender schedule
|
9%8%7%6%5%4%3% |
Free withdrawal
|
10% |
Market value adjustment
|
|
Return of premium
|
|
Minimum contribution
|
$15,000 |
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 |
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3%
Fixed
|
1-Year S&P 500 PTP Higher Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
7.5%
Cap
|
1-Year S&P 500 PTP Cap with 100% Participation Rate |
Point to Point
Annual
|
100%
Participation
6.25%
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
|
80%
Participation
|
3-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Triennial
|
110%
Participation
|
1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
1-Year S&P 500 PTP Higher Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
10%
Cap
|
1-Year S&P 500 PTP Cap with 100% Participation Rate |
Point to Point
Annual
|
100%
Participation
7.75%
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
|
100%
Participation
|
3-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Triennial
|
130%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|---|---|---|---|---|---|---|
Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Equilibrium Plus GLWB Rider | Yes | 1.15% annually |