AG HorizonIndex 9
Status:
Active
Group:
Corebridge Financial
Product Type:
Indexed Annuity
Product Status:
Draft
Version:
0
Inception Date:
June 01, 2004
Closed Date:
December 31, 2013
Last Modified:
Description:
The AG HorizonIndex 9 is a single premium deferred index annuity with a market value adjustment (not available in all states). The minimum single premium is $5,000 for qualified and non-qualified money. 10% of the accumulated value may be withdrawn each policy year after the first. Systematic Withdrawal is an option. There are nine years of surrender charges (10,10,9,8,7,6,5,4,2) that are waived in the event of annuitization after the fifth policy year, death, or entrance into a nursing home. There is an optional Death Benefit Rider which, if elected, will reduce the premium bonus in the first policy year. 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.
Fee Based:
No
Free Look:
Yes
Plan Types:
401 (k), HR-10 (Keogh), 403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, Spousal IRA, Others, 401 (a)
Premium Types:
Single
States Available:
AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IND, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, MZ, NC, ND, NE, NH, NJ, NM, NV, OH, OK, ORG, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
States Exception:
Version Note:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 |
Riders
| Name | Rider type | Internal name | Sequence | Inception date |
|---|---|---|---|---|
| Lifetime Income Builder | GLWB |