OrionShield 5 (CA Only)
The OrionShield 5 (CA Only) annuity product is a great choice for secure future planning. This annuity promises steady income, certainly a relief for retirees looking for a comfortable lifestyle.
With features like protection from market downturns and provision for beneficiaries, OrionShield 5 gives you peace of mind and assures your loved ones are taken care of. Highly recommended!
OrionShield 5 (CA Only)
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
|
3.1%
Fixed
|
| 1-Year S&P 500 PTP Higher Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
8.15%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.6%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Participation Rate with Cap |
Point to Point
Annual
Monthly average
|
100%
Participation
6.45%
Cap
|
| 1-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3.85%
Fixed
|
| 1-Year S&P 500 PTP Higher Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
9.9%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.6%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Participation Rate with Cap |
Point to Point
Annual
Monthly average
|
100%
Participation
7.7%
Cap
|
| 1-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Annual
|
130%
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 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
|
45%
Participation
|
| 1-Year Strategic Dynamic Balanced Asset 8 PTP Participation Rate |
Point to Point
Annual
|
83%
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 Nasdaq Night Owl PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
51%
Participation
|
| 1-Year Strategic Dynamic Balanced Asset 8 PTP Participation Rate |
Point to Point
Annual
|
94%
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.
RMD
The product includes Penalty-Free Withdrawal Provisions for RMD.
Premium Notes
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. 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).
- A.M. Best A
- Fitch A
- Moody's Baa1
- Comdex 72
