0.00% 

5% immediate interest credited to the Accumulation Value upon issue of the Policy.

Guaranteed Minimum: 87.5% of the premium paid at a rate of at least 2.45% for first 6years and 1% thereafter. 

The minimum is $15,000 Q & NQ.

The maximum is $500,000. 

15 

0 - 80 

15 years of early withdrawal penalties: 
14%, 14%, 13%, 12%, 11%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%.

Full accumulation value at death of the annuitant. 

Riders are: Nursing Care & Terminal Illness at no additional cost; Guaranteed Lifetime Income Rider for an additional cost. All riders subject to state availability.

Loans:$500 minimum & $50,000 maximum for 403(b) and 457 plans if the plan permits.

**Free Look period is 30 days 

10% of Accumulation Value annually after the first year as permitted by law. 

At least $2,500 must be maintained in the annuity to keep it is force.

The Guaranteed Lifetime Income Rider is available at age 60

There is a Special Enhanced Life Income (“SELI”) option.  If the Annuitant qualifies for and elects the SELI, the life payout can be significantly higher than an otherwise standard GLIR payout. The Policy must be in force for five years and the O/A age 60 before Enhanced Benefits begin. The SELI option provides an enhanced payout plan of 3% in addition to the single life percentage to which the annuitant is otherwise entitled (not guaranteed in WA or PA) and is available only to the annuitant (is not available as a spousal joint benefit).  
 

The product offers the following interest crediting methods:
1. S&P Annual Point-to-Point with 100% Participation with Cap
2. S&P Point-to-Daily Average with 50% Participation, No Cap
3. Fixed rate – declared annually and fixed for one year
 

LSW_Rates.pdf 

For annual sales of $2,000,000 or more the producer qualified for Performance Plus program which pays an additional 20 bps on accumulation value of all in-force policies issued in a calendar year – can be withdrawn or deferred. 

Special Enhanced Life Income option available after the 5th policy anniversary only between ages 55 & 90, and is activated if the policyholder is unable to perform two Activities of Daily Living (“ADL”). 

GLIR:
Annual roll-up rate of 7% is guaranteed for 10 years; then renews years 11+ at the then declared rate if GLI Rider selected at issue.    
GLI Rider is available at an annual cost at issue and fixed at 65bps for all years and is available for a single or joint life with the joint life determined by the younger of the two.
GLI is based on greater of “calculation base” or “accumulation value” on policy’s 5th, 10th, 15th or 20th anniversaries.
GLI cannot be activated by the annuitant prior to age 60 or before the end of the first policy anniversary.

See the Forms Archive on the BHC site for the appropriate forms for this product and the associated riders.

GLI calculation MUST be printed out, signed and submitted as part of the application paperwork.

Instructions on completing a GLI Rider calculation
1. Go to LSW website (www.lsw.net). 
2. Go to “Agent Login”, if you do not have a username 
    and password, sign up for one. 
3. From the “Agent Central” home page scroll down to 
    the “Experience Income for Life” section (approx. in 
    the middle of the page). 
4. Select the “Single Premium Indexed Annuities” link 
5. Click on the “GLIR Calculator” to download and install 
    it into your computer. 
6. Input your information into the calculator.
7. Print, sign and submit with case.

Enhanced Benefit: If the O/A is permanently unable to perform two or more Activities of Daily Living (ADLs), the Enhanced Benefit is paid based on the O/A’s then attained age. ADLs include eating, bathing, dressing, transferring, toileting, and continence. The Policy must be in force for five years and the O/A age 60 before Enhanced Benefits begin.
Note: Enhanced Benefit not available in FL,CT,CA and TN. 

The Enhanced Benefit is not available if payments have started under the Joint Option.
Owner/annuitant eligible to elect LIB payments at age 60 and after the first contract year.  It increases 0.10% for each one-year increase in attained age until age 90, which is 7.5% for a single owner/annuitant.

O/A Age    Single O/A    Enhanced   Joint O/A
at election   % of IAV      Benefit       % of IAV
of LIB
60	   4.5%             7.5%	         4.0%
61                4.6%             7.6%           4.1%
62                4.7%             7.7%           4.2%
63	   4.8%             7.8%           4.3%
64               4.9%              7.9%           4.4%
65               5.0%             8.0%            4.5%
70               5.5%             8.5%            5.0%
75               6.0%             9.0%            5.5%
80               6.5%             9.5%            6.0%
85               7.0%             10.50           76.5%
90+             7.5%             10.5%           7.0%


NOTE: GLI Rider not available in: NV, NH, NJ, OR, WA
Licensing appointment with LSW must be accompanied by business (cash with application or transfer business) before processing can occur.
 

Issue Ages For TX: 0-53 

Age          Commission                    
0-70           7.00%      
71-75         6.00%
76-80         4.00%       

 
Note: GLIR not available in NV, NH, NJ, OR, WA

Commissions on Policies issued as a replacement for another LSW or National Life Policy will be reduced according to LSW rules in place at such time.

Commission chargeback on death of the owner and/or annuitant:

-100%: up to 183 days following policy issue
-50%: after 183 days but before one (1) year from  policy issue.

Commission chargeback on surrenders or withdrawals, including RMD:

-100% for one year following policy issue, 0% thereafter

LSW will hold commission generated from business sold to self or family members for 30 days after the date of receipt of the policy by the policyholder, and commission on sales over $500,000 will be held for 30 days after the date of receipt of the policy by the policyholder.

NOTE: GLI Rider not available in: NV, NH, NJ, OR, WA 

Alabama
Alaska
Connecticut
Georgia
Illinois
Minnesota
New Jersey
New York
Oregon
Pennsylvania
Puerto Rico
Utah
Washington