Product Type

Single Premium Deferred Fixed Annuity

Issue Age

Issue Ages 0-85

Minimum/Maximum Premium

$25,000 to $1,000,000

Premium Protection

There is no risk of market volatility.
Premium is protected from market downturns.

Tax-Deferred Growth

Premium grows tax-deferred until withdrawn.

Fees

No upfront charges.
All money goes to work for the customer.

Death Benefit

The beneficiaries will receive the full contract value.

Initial Interest Guarantee Period

Initial Guarantee Period is selected at the time of application.
Interest Guarantee Period options are 3, 4, 5, 6, or 7 years.

Interest Rates

All interest rates are quoted as effective annual interest rates. These are the rates that result after interest has compounded daily for a full year. Interest will be credited to the account daily.

Penalty-Free Withdrawals

The Penalty-Free Partial Surrender option is available after the first contract anniversary. The Penalty-Free Partial Surrender amount is equal to 10% of the contract value on the date of the withdrawal, or the Required Minimum Distribution (RMD) amount if applicable, whichever is greater, minus the amount of any withdrawals taken during the same contract year.

Renewal Option

A) contract can be continued for the same guarantee period
B) contract can be surrendered without a surrender charge
C) contract can be continued for a different guarantee period

Free Look Period

20-day free look if no replacement occurred
30-day free look if replacing any other life insurance or annuity contracts
21-day free look period in the state of Florida

Surrender Charge

Withdrawal of the contract value may be subject to a Surrender Charge Percentage.
See Surrender Charge Schedule and Contract for full details.

Available States

Our Multi Year Guaranteed Annuity Product is available in AL, FL, GA, MS, SC, TN, and TX.