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

Early Withdrawal Charges

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

Market Value Adjustment

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

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During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

Waivers

Terminal Illness WaiverExtended Care Waiver

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

Guaranteed Minimum Surrender Value (GMSV)

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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Great American® appearing with the Great American Logo is a registered trademark of Great American Insurance Company and is used under license.

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