This is a 6 year guaranteed interest rate annuity.
Basic Details & Features
- Interest Rate Based on Initial Premium
2.65% ($100,000+)
2.55% ($5,000 - $99,999)
New York rates are 0.25% Lower - Interest Rate Guaranteed Period: 6 Years
- Surrender Charges: 6 year period - Maximum 10 years:
8% Year 1
8% Year 2
8% Year 3
7% Year 4
6% Year 5
5% Year 6
30 Day Free exit window with no charges
4% Year 7
3% Year 8
2% Year 9
1% Year 10
0% Years 11+ - Minimum Deposit: $5,000 for Low Band $100,000 for High Band
- Issue Age: 0-85
- States NOT approved in: UT
- Free Withdrawal: Annual 10% Penalty Free Withdrawals after the first year. Interest available after 30 days.
- Death Benefits: Full Death Benefit - Waivers
- Commission:
2.50% (0-79)
0.50% (80-85) - Company Ratings: A by A.M. Best