Flexible Premium Deferred Annuity
|
| |
Plan Types
|
|
|
| |
|
|
FPDA
|
- (non-qualified plan)
|
|
|
FPDA-IRA
|
- (IRA, Roth IRA) (tax-qualified plan, 1st Yr. 2% Bonus)
|
|
|
FPDA-TSA
|
- (TSA) (tax-qualified plan, 1st Year 2% Bonus)
|
|
|
|
|
|
|
|
|
|
FPDA
|
FPDA
|
|
|
(N/Q)
|
IRA & TSA
|
|
Current Interest Rate:
|
3.85%
|
3.85%
|
|
Balances of $5,000 and above:
|
+.25%
|
+.25%
|
|
Bonus Interest First Year:
|
-0-
|
2.0 %
|
|
Current Interest Guaranteed:
|
Monthly
|
Monthly
|
|
Minimum Guaranteed Rate:
|
1.0%
|
1.5%
|
|
|
|
|
|
Policy Fee:
|
See #1 below
|
See #1 below
|
|
Minimum Initial Premium:
|
$100
|
$100
|
|
Issue Ages:
|
0 - 85
|
0 - 85
|
|
Nursing Home Rider:
|
See #2 below
|
See #2 below
|
|
|
|
|
|
Withdrawal Privilege:
|
|
|
|
Surrender Penalty: (N/Q & Qualified)
|
See #3 below
|
See #3 below
|
|
|
|
|
Surrender Charges
|
|
|
Year
|
|
Year
|
|
|
|
1
|
9.0%
|
6
|
4.0%
|
|
|
2
|
8.0%
|
7
|
3.0%
|
|
|
3
|
7.0%
|
8
|
2.0%
|
|
|
4
|
6.0%
|
9
|
1.0%
|
|
|
5
|
5.0%
|
10 +
|
0.0%
|
|
|
|
Policy Fees?
|
|
There is no policy fee while the account balance is greater than $3,000. An annual $24.00 fee is applied whenever the balance is less than $3,000 and there has not been at least $1,000 deposited during
the preceding policy year.
|
|
|
Nursing Rider
|
|
Each of the above plans will be issued with a Nursing Home Rider providing the owner's age is 75 or younger at the time of issue. After the owner has had 60 consecutive days of confinement to a Nursing Home,
additional partial withdrawals are available without surrender charge.
|
|
|
Penalty Free withdrawls?
|
|
Penalty free partial withdrawls are available once per policy year - up to 10% of the account value.
|
|
|
|
Commission Examples for the Flexible Premium Deferred Annuity
|
|
|
|
Other Annuity Products
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
