Advantage VII Annuity
Status:
Active
Group:
Company:
Southwestern Life Insurance Company
Product Type:
Fixed Annuity
Product Status:
Approved
Version:
0
Inception Date:
September 01, 1996
Closed Date:
June 01, 2001
Last Modified:
November 11, 2024 00:00
Description:
The Advantage VII Annuity is a Standard Flexible Premium Deferred Annuity. The minimum initial contribution is $5,000. Additional contributions can be made for $100 or more. Systematic withdrawal is available. There is a annual 10% free withdrawal of accumulated value. Surrender charges are seven years in length and are waived in the event of Annuitization, Death, admittance into a Hospital, and entrance into a Nursing Home.
Fee Based:
No
Free Look:
Yes
Plan Types:
Non-Qualified
Premium Types:
Flexible
States Available:
AK, AL, AR, AZ, CA, CO, CT, DC, DE, GA, IA, ID, IL, KS, KY, IN, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NH, NM, NV, OH, OK, PA, RI, SC, SD, TN, TX, UT, VA, VT, WV, WY
States Exception:
BERMUDA, FL, GU, HI, ND, NJ, NY, OR, PR, VI, WA, WI
Version Note:
Scrap Book: