Enhanced Choice Index 5
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Highlights
The Enhanced Choice Index is a single-premium deferred index annuity offering multiple crediting strategies linked to index performance, and a fixed interest account option. Clients choose the combination of indices and crediting options that best align with their financial goals. Enhanced product features give flexibility, adaptability, and access to funds.
There is a choice of a 5, 7, or 10-year surrender-charge period, with no surrender charges thereafter.
ECI-5 and ECI-7 provide multi-year guaranteed participation rates on some index crediting options: S&P MARC 5% ER, S&P 500 Daily RC 5% ER, and S&P 500 ESG Daily RC 5% ER.
ECI-5 and ECI-7 provide multi-year guaranteed participation rates on some index crediting options: S&P MARC 5% ER, S&P 500 Daily RC 5% ER, and S&P 500 ESG Daily RC 5% ER.
Available in states:
CA
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
5 Years |
|
Surrender schedule
|
8%7%6%5%4% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$15,000 |
|
Types of funds
|
Non-Qualified, 401k, IRA, Pension, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and 1035 Exchange |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.25%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
43%
Participation
|
| 1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
58%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P MARC 5% ER PTP Enhanced Participation Rate Guaranteed for Term |
Point to Point
Annual
|
225%
Participation
|
| 1-Year S&P 500 DRC 5% ER PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P 500 DRC 5% ER PTP Enhanced Participation Rate Guaranteed for Term |
Point to Point
Annual
|
225%
Participation
|
| 1-Year S&P 500 ESG DRC 5% ER PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P 500 ESG DRC 5% ER PTP Enhanced Participation Rate Guaranteed for Term |
Point to Point
Annual
|
225%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% |