New Horizon 10 Plus
The New Horizon 10 Plus annuity offers a secure and steady income for your retirement years. It's like having a personal paycheck, even when you've stopped working! A perfect choice for a worry-free future.
Highly flexible, you get to choose your payout terms or even delay the income for better annual returns. Plus, your money grows tax-deferred. You're not just saving, but also earning! New Horizon 10 Plus is surely a smart and safe bag for your golden years.
New Horizon 10 Plus
Ratings:
- A.M. Best B++
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.25%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
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 Plus 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
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