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Annuity review

New Horizon 7 Plus

The New Horizon 7 Plus is a trustworthy choice when planning for a worry-free retirement. It ensures a consistent stream of income, providing you financial stability for your golden years.

Its flexibility caters to diverse needs. Moreover, the innovative edge of Horizon 7 Plus is its potential for higher returns. So, rest easy knowing your future is secure with New Horizon 7 Plus.

New Horizon 7 Plus

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

7 Years

Surrender schedule

9.3%

8.8%

7.9%

6.9%

5.9%

Fee withdrawal:

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$1,000,000

Max Age Qualified

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%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

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.