New Horizon 7 Plus
New Horizon 7 Plus
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Ratings:
- A.M. Best B++
About Product
Type
Fixed Index
Purpose
Accumulation
Term
7 Years
Surrender schedule
9.3%8.8%7.9%6.9%5.9%5%4%
Fee withdrawal:
5%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, NQ Stretch, and TSP
Launch Date
01/19/2021
The Western United Life New Horizon annuity is a Single Premium, Tax-Deferred Annuity with a Market Value Adjustment (MVA) and Index-Linked Interest.
Available in states:
AL, AK, AZ, AR, CO, CT, DE, DC, 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, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2%
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
|
7.75%
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 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
Note:
- TSP accepted as a rollover to IRA
- Inherited/Beneficiary IRA usually taken as a direct transfer
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