New Horizon 7 Plus
New Horizon 7 Plus
Ratings:
- A.M. Best B++
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
|
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
- TSP accepted as a rollover to IRA
- Inherited/Beneficiary IRA usually taken as a direct transfer