CUSIP Number:
018812842
CUSIP Name:
10 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The Bonus MasterDex is a limited flexible premium deferred index annuity. The minimum single premium is $25,000 for qualified and non-qualified money. Additional contributions can be made for $25 or more during the first five years only. 10% of the paid premium can be withdrawn 12 months after the last premium has been added. Systematic Withdrawal is an option starting in year six. Surrender charges are ten years in duration (10,10,10,9,8,7,6,5,4,2.50) and are waived in the event of death. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Last Modified:
31 Jul 2023 11:50