CUSIP Number:
02568C806
CUSIP Name:
10 Year Surrender
Product Policy Type:
Indexed Annuity
Inception Date:
17 Jul 2024
Close Date:
CUSIP Note:
Scrap Book:
The BalanceShield 10 is a Single premium deferred index annuity. The minimum single premium is $10,000 for qualified and non-qualified money. Withdrawals of up to 10% of the contract value are permitted in the beginning of 2 year without incurring a surrender charge. Surrender charges are 10 years in duration (may vary with state availability); and are waived in the event of death, entrance into a nursing home, or diagnosis of a terminal illness. There is an optional Enhanced Benefit rider(EBR) and MVA also available with the product. 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:
06 Aug 2025 12:08