Premier Income Bonus

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

• Non-qualified
• Qualified
• 403(b) (Traditional and Roth)
• IRA (Traditional, Roth, SEP and SIMPLE)
• 457(b)

• Issued with single purchase payment
• Subsequent purchase payments accepted in first two contract months

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

• Declared Rate
• S&P 500 1-Year Point-to-Point with Cap
• S&P 500 Risk Control 1-Year Point-to-Point with Par Rate
• S&P U.S. Retiree Spending 1-Year Point-to-Point with Par Rate
• iShares U.S. Real Estate 1-Year Point-to-Point with Cap

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

• During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.
• After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

• Terminal Illness Waiver
• Extended Care Waiver

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

Includes a built-in rider that offers guaranteed growth with an 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%. 

• Fixed period payout
• Life payout
• Life payout with payments for at least a fixed period
• Joint and one-half survivor payout

• 1.15%