OrionShield 5 (CA Only)
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Highlights
The OrionShield annuity is a single premium fixed indexed annuity product designed for clients who are:
- 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
Available in states:
CA
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
|
5 Years |
|
Surrender schedule
|
9%8%7%6%5% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
09/18/2023 |
|
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, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and 1035 Exchange |
Brochure
|
Open brochure |
Find out if the OrionShield 5 (CA Only) is the right product for you.
Premium Notes
Annual Contract Fee
None.
None.
Withdrawal Provisions
Free Withdrawal amount
Beginning in the first contract year, 10% of the beginning Index Year Contract Value may be withdrawn without incurring any surrender charges or MVA.
Beginning in the first contract year, 10% of the beginning Index Year Contract Value may be withdrawn without incurring any surrender charges or MVA.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
|
3.65%
Fixed
|
| 1-Year S&P 500 PTP Higher Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
10.25%
Cap
|
| 1-Year S&P 500 PTP Cap with 100% Participation Rate |
Point to Point
Annual
|
100%
Participation
9.9%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Participation Rate with Cap |
Point to Point
Annual
Monthly average
|
100%
Participation
7.75%
Cap
|
| 1-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4.4%
Fixed
|
| 1-Year S&P 500 PTP Higher Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
12.5%
Cap
|
| 1-Year S&P 500 PTP Cap with 100% Participation Rate |
Point to Point
Annual
|
100%
Participation
10.9%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Participation Rate with Cap |
Point to Point
Annual
Monthly average
|
100%
Participation
9%
Cap
|
| 1-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% |
Riders
No Riders for OrionShield 5 (CA Only) annuity.
Waivers
Death
Surrender charges do not apply as a result of the death of the Annuitant.
Annuitization
Surrender charges do not apply under certain annuitization scenarios.
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