Patriot 1 Year SPDA*: 1-year Guarantee
Presidential Life's Classic SPDA with a 1-year current interest crediting rate guarantee sets this rate on an annual contract -year basis. Subsequent renewal interest rates are subject to the contract lifetime minimum interest rate guarantees Surrender charges in this contract during the first (7) contract - years are: 6%, 6%, 5%, 5%, 4%, 4% and 2% respectively. The owner of the Classic SPDA has the right to take a 10% surrender charge-free withdrawal in the first contract year calculated on the premium paid and in subsequent years, calculated on the beginning year contract value.
* 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 , NH , NJ , NM , NV , NY , OH , OK , PA , RI , SC , SD , TN , TX , UT , VA , VT , WI , WV , WY
SPDAs not approved in all states, contract minimum crediting rate and maximum issue age may vary.