OrionShield 7
Highlights
- 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
Type
|
Fixed Index |
---|---|
Purpose | Accumulation |
Term
|
7 Years |
Surrender schedule
|
9%8%7%6%5%4%3% |
Free withdrawal
|
1st year: 0% 2nd+ year: 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 7 is the right product for you.
Premium Notes
None.
Withdrawal Provisions
Beginning in the second contract year, 10% of the beginning Index Year Contract Value may be withdrawn without incurring any surrender charges or MVA.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
|
3.8%
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
8.5%
Cap
|
3-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Triennial
|
125%
Participation
|
1-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
1-Year Fixed Account |
Fixed
|
4.55%
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
9.75%
Cap
|
3-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Triennial
|
145%
Participation
|
1-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|---|---|---|---|---|---|---|
Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
No Riders for OrionShield 7 annuity.
Waivers
Death
Surrender charges do not apply as a result of the death of the Annuitant.
Nursing Home
Unavailable in states: CA
If the Annuitant is confined to a Hospital or Nursing Facility for at least 30 consecutive days, partial withdrawals may be taken to help pay for expenses without incurring any surrender charges or MVA. Availability of the Nursing Home Waiver may vary by state and/or issue age.
Annuitization
Surrender charges do not apply under certain annuitization scenarios.
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