Product Type
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Single Premium Deferred Fixed Annuity
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Issue Age
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Issue Ages 0-85
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Minimum/Maximum Premium
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$25,000 to $1,000,000
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Premium Protection
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There is no risk of market volatility.
Premium is protected from market downturns.
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Tax-Deferred Growth
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Premium grows tax-deferred until withdrawn.
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Fees
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No upfront charges.
All money goes to work for the customer.
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Death Benefit
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The beneficiaries will receive the full contract value.
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Initial Interest Guarantee Period
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Initial Guarantee Period is selected at the time of application.
Interest Guarantee Period options are 3, 4, 5, 6, or 7 years.
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Interest Rates
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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.
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Penalty-Free Withdrawals
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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.
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Renewal Option
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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
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Free Look Period
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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
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Surrender Charge
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Withdrawal of the contract value may be subject to a Surrender Charge Percentage.
See Surrender Charge Schedule and Contract for full details.
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Available States
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Our Multi Year Guaranteed Annuity Product is available in AL, FL, GA, MS, SC, TN, and TX.
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