Enhanced Choice Index Plus 5 with Legacy Max
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Highlights
The Enhanced Choice Index Plus is a single-premium, deferred index annuity offering multiple crediting strategies linked to index performance. Through a combination of indices, crediting options and enhanced product features, you can customize a retirement strategy that best aligns with your financial goals.
Legacy Max is an optional death benefit rider available to help maximize what you pass along to your heirs. It provides opportunities for guaranteed growth in declining markets, as well as performance-based growth in positive markets.
If the Legacy Max rider option is elected, 401k and Pension are not available.
If the Legacy Max rider option is elected, Enhanced Index Participation Rate and Enhanced Index Cap Rate strategies are not available.
Legacy Max is an optional death benefit rider available to help maximize what you pass along to your heirs. It provides opportunities for guaranteed growth in declining markets, as well as performance-based growth in positive markets.
If the Legacy Max rider option is elected, 401k and Pension are not available.
If the Legacy Max rider option is elected, Enhanced Index Participation Rate and Enhanced Index Cap Rate strategies are not available.
Available in states:
AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
5 Years |
|
Surrender schedule
|
9.4%8.5%7.5%6.5%5.5% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
07/17/2023 |
|
Minimum contribution
|
$15,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and 1035 Exchange |
Brochure
|
Open brochure |
Find out if the Enhanced Choice Index Plus 5 with Legacy Max is the right product for you.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.5%
Fixed
|
| 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 DRC 5% ER PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
43%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year BofA Global MegaTrends PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
115%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Legacy Max Enhanced Death Benefit Rider (Age 0-69) | Yes | 0.80% annually |
| Legacy Max Enhanced Death Benefit Rider (Age 70-80) | Yes | 1.20% annually |
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