2.75% 

The interest rate is set at the policy issue date and does not change during the 4 year term.  The policy lifetime minimum guaranteed rate is 3%, compounded annually.   

Minimum is $1,500 and there is no maximum.  Crediting rates are banded at $5,000 and up, and below $5,000.   

4 

0 - 90 

The surrender penalties in years 1 through 4 are:
7%, 6%, 6%, 5%, 0%

The Death Benefit is equal to the full policy Accumulated Value.  A spousal beneficiary may elect to assume the policy without income tax effect.  A non-spousal beneficiary may not assume the policy but has several choices of income tax-advantaged policy distribution options.
 

Penalty free withdrawals up to 10% of the paid premium are available beginning in the first contract year.  In subsequent years, the 10% non-cumulative, free withdrawal is calculated on the beginning year policy accumulation value.  M, Q, SA and A systematic policy withdrawals are available.  There are no surrender charges for systematic policy withdrawals, as long as the total withdrawal amount does not exceed the 10% penalty free withdrawal provision.  IRA required minimum distribution (RMD) is available.  Interest only distributions are allowed. 

Presidential_Rates.pdf 

This is a single-premium deferred annuity with a fixed rate for the initial term; thereafter, the company sets new rates. There are no fees, spreads or margins assessed.    

The commission is based on the age of the annuitant’s nearest birthday. 

Commission
Age	NQ/Q    Commission    
Initial premium	
0-80	NQ&Q	  2.0%		
81-85	NQ&Q	  1.0%		
86-90	NQ&Q	  0.67%		
	

 

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