Premier Income Bonus

Help your clients build their retirement income with Premier Income Bonus. This fixed-indexed annuity includes a built-in income rider with a 6% rider bonus, and features early withdrawal charges and market value adjustments that end after seven years. For a complete product description, see the Product Overview in the Marketing Materials section below.

No MVA available in: AK, CA, PA and UT

Details

Issue Ages

40-85 (Q & NQ)Income payments may begin at age 55

Tax Qualifications

Non-qualifiedQualified403(b) (Traditional and Roth)IRA (Traditional, Roth, SEP and SIMPLE)457(b)

Purchase Payments

Subsequent purchase payments accepted in first two contract monthsIssued with single purchase payment

Purchase Payment Minimums and Maximums

Minimum:

$10,000

Subsequent:

$2,000

Maximum:

$1 million for ages 0-85

Bonus Features

The rider benefit base receives a bonus equal to 6% of all purchase payments.

Interest Strategies

Declared RateS&P 500 1-Year Point-to-Point with CapiShares U.S. Real Estate 1-Year Point-to-Point with CapS&P 500 Risk Control 1-Year Point-to-Point with Par RateS&P U.S. Retiree Spending 1-Year Point-to-Point with Par Rate

Early Withdrawal Charges

7-year declining 6%, 5%, 4%, 3%, 3%, 3%, 3%, 0%

Free Withdrawal Allowance

During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

Market Value Adjustment

A market value adjustment will apply to withdrawals or surrenders during the seven-year term.

Waivers

Terminal Illness WaiverExtended Care Waiver

Guaranteed Minimum Surrender Value

87.5% of purchase payments, plus interest credited daily at a minimum guaranteed rate, less withdrawals, not including amounts applied to pay early withdrawal charges or negative MVAs

Rider description

Includes a built-in rider that offers guaranteed growth with a 6% rider bonus, 6% rollup credit and 10-year rollup period. Additionally, payout percentages increase 0.10% each year your clients wait to start income payments, until it reaches 7.5% for single lifetime income and 6.5% for joint lifetime income.

There is an annual charge for the rider that is currently 1.15%.

Payout Options

Fixed period payoutLife payoutLife payout with payments for at least a fixed periodJoint and one-half survivor payout

Rider Charge

1.15%

Marketing Materials

View, download a zip file of selected materials and/or order materials to be shipped to you.

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