OrionShield 7 with Premium Bonus
The OrionShield 7 with Premium Bonus annuity is a fantastic product to secure your financial future. It offers steady income for retirement, making it a reliable choice for those looking to retire without stress.
With its excellent premium bonus feature, you get more than you contribute. Now that's one sweet deal! The OrionShield 7 guarantees you're in good hands.
OrionShield 7 with Premium Bonus
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
|
2.45%
Fixed
|
| 1-Year S&P 500 PTP Higher Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
8.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.25%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Participation Rate with Cap |
Point to Point
Annual
Monthly average
|
100%
Participation
5.25%
Cap
|
| 3-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Triennial
|
115%
Participation
|
| 1-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Annual
|
95%
Participation
|
| 1-Year Fixed Account |
Fixed
|
2.95%
Fixed
|
| 1-Year S&P 500 PTP Higher Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
10.75%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.25%
Cap
|
| 1-Year Russell 2000 PTP Monthly Average Participation Rate with Cap |
Point to Point
Annual
Monthly average
|
100%
Participation
6.25%
Cap
|
| 3-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Triennial
|
135%
Participation
|
| 1-Year Barclays Global Trailblazer PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
| 1-Year Nasdaq Night Owl PTP Participation Rate |
Point to Point
Annual
|
52%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year Nasdaq Night Owl PTP Participation Rate |
Point to Point
Annual
|
58%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
56%
Participation
|
| 1-Year Dynamic Balanced Asset 10 PTP Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year Multi-Asset Dynamic Managed 5 PTP Participation Rate |
Point to Point
Annual
|
146%
Participation
|
| 1-Year Strategic Dynamic Balanced Asset 8 PTP Participation Rate |
Point to Point
Annual
|
92%
Participation
|
| 1-Year S&P MARC 5 PTP Participation Rate |
Point to Point
Annual
|
136%
Participation
|
| 1-Year Dynamic Balanced Asset 10 PTP Participation Rate |
Point to Point
Annual
|
84%
Participation
|
| 1-Year Multi-Asset Dynamic Managed 5 PTP Participation Rate |
Point to Point
Annual
|
163%
Participation
|
| 1-Year Strategic Dynamic Balanced Asset 8 PTP Participation Rate |
Point to Point
Annual
|
103%
Participation
|
| 1-Year S&P MARC 5 PTP Participation Rate |
Point to Point
Annual
|
152%
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 with Premium Bonus 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.
RMD
The product includes Penalty-Free Withdrawal Provisions for RMD.
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. 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
