Allegiance Preferred
Status:
Active
Group:
John Hancock
Product Type:
Fixed Annuity
Product Status:
Draft
Version:
0
Inception Date:
September 15, 1992
Closed Date:
March 04, 2003
Last Modified:
Description:
Allegiance Preferred is a Flexible Premium Deferred Annuity with a non-participating dividend. A policy can be purchased for $50 or more. Additional contributions can be made for $50. There is a 10% annual free withdrawal of accumulated earnings. Systematic withdrawal is an option for contracts with a accumulated value of $25,000 or more. Allegiance Preferred has 7 years of surrender charges that are waived in the event of annuitization, death, and entrance into a nursing home (owner must be less than age 75 at date of contract issue).
Fee Based:
No
Free Look:
Yes
Plan Types:
401 (k), 403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, Others
Premium Types:
Flexible
States Available:
AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, KS, KY, IN, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
States Exception:
BERMUDA, GU, PR, VI
Version Note:
Scrap Book: