0.00% 

The guaranteed minimum interest rate is 2.50%.
 

Minimum premium is $10,000 NQ(0-85) & Q(18-85). The maximum premium without Home Office approval is $750,000 for ages 0-80, $500,000 for ages 81-85.    Minimum additional premium is $2,000 (Q) and $5,000 (NQ). 

12 

0 - 85 

Issue ages 0-57, 12 years:
12%, 11%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0%

For Issue ages 58-85, 10 years:
10%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0%

Death Benefit is the greater of the Account Value or Minimum Guaranteed Surrender Value paid upon death of owner.  A spouse who is the surviving joint owner or sole surviving beneficiary may become the successor owner.

Minimum Guaranteed Surrender Value: 100% of premium at 3%, less withdrawals, at current Minimum Guaranteed rate.   

10% of Purchase Payments beginning first contract year.  10% of Account Value beginning in year 2. 

Partial withdrawals are permitted at any time prior to the Annuity Commencement Date (subject to applicable Surrender Charges).  Minimum withdrawal is $500.  Minimum Account Value following withdrawal is $5,000.

Long-Term Care Waiver: When owner or joint owner is confined to a long-term care facility or hospital for at least 90 consecutive days beginning after the first year of the annuity. (Not available in MA & NJ)

Terminal Illness Waiver: 25% of account value if, after the first year of the annuity, the owner or joint owner is diagnosed by a licensed physician as having a terminal illness resulting in a life expectancy of less than 12 months.

 

The product offers three Crediting Methods:
		
1.	Monthly Average w/Cap
2.             Annual Pt to Pt
3.	Fixed Rate 

GALIC_Rates.pdf 

Settlement Options: Income for a Fixed Period; Life Annuity with payments for a Fixed Period; Joint and one-half Survivor; and Income for a Fixed Period Not to Exceed Life Expectancy.

This product also accepts multiple purchase payments for 403(b), 401 and 457 plans.  

Loans are available for 403(b) and 401 contracts.  Minimum loan amount is $1,000.  ($500 balance must remain in account following a loan.)
 

Age	NQ/Q     Commission           
	
0-75	NQ	 6.00%
18-75	 Q              6.00%        
76-80	NQ/Q	 4.50%
81-85	NQ/Q	 2.50%

Commissions reduced for premium received during years 2-5.

If contract is annuitized during the first contract year, commissions on all premiums paid during the first contract year will be charged back 100%.

If during the first contract year a partial withdrawal is taken, commissions paid or credited during the twelve month period immediately preceding the withdrawal or surrender will be charged back as follows:

Contract Months 0-12:  100% chargeback
Contract Months 13+:     0% chargeback

If during the first 2 years a full surrender is taken, commissions paid or credited will be charged back as follows:

Contract Months 0-12:  100% chargeback
Contract Months 13-24:  50% chargeback
Contract Months 25+:     0% chargeback

If Owner dies during first contract year, commissions will be charged back as follows (except LTC Annuity):

Contract Months 0-6:   50% chargeback
LTC Annuity: Contract Months 0-12: 100% chargeback
	          

 

Connecticut
New York
Puerto Rico