Flexible Premium Deferred Annuities
The current interest rate is guaranteed on a calendar year basis. New premiums earn the current interest rate to December 31st of the year in which they are paid into the contract. Each January 1, all accumulated funds are aggregated and a competitive renewal interest rate is guaranteed on these funds for 12 months. Like our other deferred annuities, there are no fees or expense charges to reduce current earnings, or any market value adjustment features to reduce future earnings.
The Non-load Flexible Premium deferred annuity is available for Roth and Traditional IRAs, qualified plans, IRA rollovers and non-qualified (after-tax) policies. The No-Load Flexible Premium deferred annuity has surrender charges over the first 9 policy years. These charges are: 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, and 1% respectively.
The 401(k) Flexible Premium deferred annuity is available for use in 401(k) plans only but, it has a different surrender charge period. The 401(k) Flexible Premium deferred annuity has surrender charges over the first 7 policy years. These charges are: 6%, 6%, 5%, 5%, 4%, 4%, and 2% respectively.
Flexible premium deferred annuity contracts are not approved in all states, contract minimum crediting rate and maximum issue age may vary.
* Product features may vary.
Currently available in the following states
* AK , AL , AR , AZ , CA , CO , CT , DC , DE , FL , GA , HI , IA , ID , IN , KS , KY , LA , MA , MD , ME , MI , MN , MO , MS , MT , NC , ND , NE , NJ , NM , NV , NY , OH , OK , PA , RI , SC , SD , TN , TX , UT , VA , VT , WI , WV , WY