New Horizon 7
The New Horizon 7 annuity is a breath of fresh air for future planners! It's straightforward with captivating features that create a strong income safety net for your golden years.
Loved for its high-interest rates and customizable withdrawal options. It's a retiree's best friend, cradling each retirement goal with solid security. Rest assured, your future is in safe hands with New Horizon 7.
New Horizon 7
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
1.95%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
25%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.75%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for New Horizon 7 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++
