AG VisionMaximizer
Status:
Active
Group:
Corebridge Financial
Product Type:
Indexed Annuity
Product Status:
Draft
Version:
0
Inception Date:
August 07, 2007
Closed Date:
August 30, 2013
Last Modified:
April 29, 2019 10:23
Description:
The AG VisionMaximizer is a single premium deferred index annuity with a market value adjustment. The minimum single premium is $20,000 for qualified and non-qualified money. 10% of the annuity value, as of the previous contract anniversary (10% of the initial premium in the first contract year) may be withdrawn without a withdrawal charge or MVA. Systematic Withdrawal is an option. There are ten years of surrender charges (17,16,15,14,13,10,9,8,7,6) that are waived in the event of annuitization after the fifth policy year, death, or entrance into a nursing home. 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, AZ, AR, CA, CO, CT, GA, HI, ID, IND, IA, KS, KY, LA, MZ, MD, MA, MI, MT, NE, NH, NM, NC, ND, OK, RI, SD, TN, VA, WV, WI, WY, DC
States Exception:
Version Note:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | 07 Aug 2007 |