Company Description
"An easy way to turn some of your nest egg into income immediately - Create income for a certain period of time or for the rest of your life - Payments can be guaranteed to be level, vary with market performance, or both"Product
Single Premium Immediate Variable Annuity
States Available
CA, FL, NY, PA, TX (among others)
Minimum Premium
$25,000
Max Premium (without home office approval)
Not Available
Issue Ages
Not Available
Available Benefit Modes
Annual, Semi-Annual, Quarterly, Monthly
Life & Periods Certain Available
Yes, 10, 15, or 20 years
Periods Certain Only Available
Yes; 5 to 30 years
Joint & Survivor Available
Yes, choice of 100%, 66.67%, or 50% benefit continuation upon first death
Cash Refund Available
Not Available
Other Seprate Account Charges
Maximum: 0.20%
Current: 0.20%
Fund Operating Expenses (recent year)
0.09% to 0.60%; varies by fund
Premium Load (for Premium Tax)
1%-3.5% (based on state & tax qualification)
Pricing
To be determined
Assumed Investment Returns
4%
Guaranteed Minimum Income Benefit
No
US Large Cap Stock Index Fund / Fee
Index fund for overall US equity market available / 0.06%
US Mid & Small Stock Index Fund / Fee
Index fund for overall US equity market available / 0.06%
US Bond Index Fund / Fee
No
Foreign Stock Index Fund / Fee
No
Number of Funds Offered
8
Commission
Not Available
Cash Value
Not available
M&E Fee
Maximum: 1.00%
Current: 0.40%
Other Features
Death Benefit on outstanding period certain payments