New Horizon 10
The New Horizon 10 annuity offers peace of mind for retired individuals. This product remarkably turns hard-earned savings into a dependable, lifelong income.
With added perks like a generous death benefit and flexibility to access funds, it's a commendable choice for a stress-free retirement. Secure your future with New Horizon 10!
New Horizon 10
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
28%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.1%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for New Horizon 10 annuity.
Waivers
Death
Upon Death of Anuitant.
Nursing Home
You can surrender your entire annuity value free of charge if the annuitant becomes confined to a Nursing Home for at least 90 consecutive days and meet the requirements specified in your contract. The nursing home waiver does not include home health care.
Terminal Illness
You can surrender your entire annuity value if the annuitant is diagnosed with a terminal illness that results in a life expectancy of 12 months or less and if you meet the other requirements specified in your contract.
Premium Notes
- TSP accepted as a rollover to IRA
- Inherited/Beneficiary IRA usually taken as a direct transfer
- A.M. Best B++
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