OrionShield 5
The OrionShield 5 annuity is your financial pal for retirement! It offers a consistent stream of income that you can rely on, allowing you to enjoy your golden years worry-free.
Besides, it's packed with added benefits like potential growth based on market performance. It's a smart, secure step towards a comfortable future.
OrionShield 5
About Product
- At or nearing retirement
- Looking for a growth opportunity for the assets that they can’t afford to lose
- Concerned about market losses and sudden swings
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
8.75%
Cap
|
| 1-Year S&P 500 PTP Cap with 100% Participation Rate |
Point to Point
Annual
|
8.1%
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
|
| 1-Year Fixed Account |
Fixed
|
4.1%
Fixed
|
| 1-Year S&P 500 PTP Higher Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
11%
Cap
|
| 1-Year S&P 500 PTP Cap with 100% Participation Rate |
Point to Point
Annual
|
9.1%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Participation Rate with Cap |
Point to Point
Annual
Monthly average
|
100%
Participation
8%
Cap
|
| 1-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year Nasdaq Night Owl PTP Participation Rate |
Point to Point
Annual
|
49%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
51%
Participation
|
| 1-Year Nasdaq Night Owl PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year Dynamic Balanced Asset 10 PTP Participation Rate |
Point to Point
Annual
|
66%
Participation
|
| 1-Year Multi-Asset Dynamic Managed 5 PTP Participation Rate |
Point to Point
Annual
|
128%
Participation
|
| 1-Year Strategic Dynamic Balanced Asset 8 PTP Participation Rate |
Point to Point
Annual
|
83%
Participation
|
| 1-Year S&P MARC 5 PTP Participation Rate |
Point to Point
Annual
|
129%
Participation
|
| 1-Year Dynamic Balanced Asset 10 PTP Participation Rate |
Point to Point
Annual
|
74%
Participation
|
| 1-Year Multi-Asset Dynamic Managed 5 PTP Participation Rate |
Point to Point
Annual
|
144%
Participation
|
| 1-Year Strategic Dynamic Balanced Asset 8 PTP Participation Rate |
Point to Point
Annual
|
94%
Participation
|
| 1-Year S&P MARC 5 PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% |
Riders
No Riders for OrionShield 5 annuity.
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 owner requires hospital or nursing home confinement for at least 30 consecutive days. Any withdrawals during the Surrender Charge Period in excess of the free withdrawal, or that would have had surrender charges and MVA that are waived under the nursing home waiver, will reduce the amount of the Premium Bonus, if elected, and any interest earned on it that hasn’t vested yet by the same percentage that the withdrawal reduced the Contract Value (Pro rata). The nursing home waiver may be available in year 1 as long as the annuitant has been confined to a qualified Hospital or Nursing Facility for at least 30 consecutive days, the confinement began after the contract date, the annuitant was not older than 80 on the contract date, and proof of confinement is received while the annuitant is confined or within 90 days following discharge from the facility.
Annuitization
Surrender charges do not apply under certain annuitization scenarios.
Premium Notes
None.
Withdrawal Provisions
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.
- A.M. Best A
- Fitch A-
- Moody's Baa1
- Comdex 69
