Liberty SPDA Series*: 1, 2, 3, or 4 year Guarantee
Presidential Life’s Liberty Series SPDA offers a 1, 2, 3, or 4-year current interest crediting rate guarantee. Subsequent renewal interest rates are subject to the contract lifetime minimum interest rate guarantee. Surrender charges in this contract during the first (7) contract-years are: 6%, 6%, 5%, 5%, 4%, 4%, and 2% respectively. The owner of Liberty Series SPDA has the right to take a 10% surrender charge-free withdrawal in the first contract year calculated on the paid premium and in subsequent years, calculated on the beginning year contract value. The owner may also make complete withdrawal of the contract’s accumulation value if the renewal interest rate, following the initial interest rate guarantee period, falls more than 2.00% below their current interest rate. This is the bailout feature and it must be elected within a 60 calendar day period following the renewal interest rate date.
* Product features may vary.
Currently available in the following states
* AK , AL , AR , AZ , CA , CO , CT , DC , DE , FL , GA , HI , IA , ID , IL , IN , KS , KY , LA , MA , MD , ME , MI , MS , MT , NC , ND , NE , NJ , NM , NV , NY , OH , OK , PA , RI , SC , SD , TN , TX , UT , VA , VT , WA , WI , WV , WY
SPDAs not approved in all states, contract minimum crediting rate and maximum issue age may vary.