0.00% 

The guaranteed minimum interest rate is 2.25%.

MGIR is set at issue, guaranteed for life of the contract.

There is a guaranteed 5% Premium Bonus on all 1st year premiums for issue ages 0-56, and 3% Premium Bonus for Issue Ages 57-80. 

Minimum Guaranteed Surrender Value: 87.5% of all premiums, less withdrawal proceeds, at Minimum Guaranteed Interest, compounded annually.  

Minimum premium: $5,000

Maximum Premium:
Issue Ages 0-69     $1,000,000 
Issue Ages 70-74      $750,000 
Issue Ages 75-80      $500,000 

 

12 

0 - 80 

There are 12 years of surrender penalties, for ages 0-56 and 10 years of surrender penalties for ages 57-85.  The penalties are expressed as a percent of accumulation value and are as follows:

Issue Ages 0-56:
12%, 12%, 11%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 0% (12 yrs.)

Issue Ages 57-80: 
8.25%, 8.25%, 7.25%, 6.25%, 5.25%, 4.25%, 3%, 2%, 1%, .5%, 0% (10 yrs.)
 

Systematic withdrawal available in first yr in Fixed Interest Strategy.

10% Penalty-Free Withdrawals after year 1 beginning in year 2. In the first year you may receive systematic withdrawals of interest or Required Minimum Distributions from the fixed interest account as quickly as 30 days after contract is issued. 

The product offers an option of six investment choices:
S&P Annual Monthly Average w/PR 
S&P Annual Monthly Average with Cap 
S&P Annual Point-to-Point w/PR 
S&P Annual Point-to-Point with Cap 
S&P 500 Mo. Point-to-Point with Monthly Cap 	
Traditional Fixed Interest 
 

AE_Rates.pdf 

Annual Statement of Value is provided at least once a year showing all transaction activity and values.

Nursing Care Rider (NCR-100): This rider is automatically included ages 0-74.  In 2nd or 3rd contract yr, allows up to 20% penalty-free withdrawals after 90 days in a nursing care facility; 100% allowed after 3rd contract year.

Terminal Illness Rider (TIR-100): This rirder is automatically included ages 0-74 Up to 100% penalty-free withdrawals of Contract Value.

Annuity Cash Value may be applied after 1 year, with life contingency.

Issue Ages: 0-80 Qual;0-85 Non-Qual

 

Commissions  
Age  NQ/Q	    Year 1     Years 2-5	  
0-56 NQ/Q     6.00%	     2.50%	            
57-80 NQ/Q    4.00%      1.75%	            


Trail commission based on Contract Value: 0.50% ages 0-80,payable only in years 2-6.

 

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