AG Global 6 Index
Status:
Active
Group:
Corebridge Financial
Product Type:
Indexed Annuity
Product Status:
Draft
Version:
0
Inception Date:
August 11, 2008
Closed Date:
October 16, 2011
Last Modified:
Description:
The AG Global 6 Index is a flexible premium deferred index annuity. The minimum single premium is $5,000 for non-qualified and $2,000 for qualified money. If initial premium is greater than or equal to $5,000, EFT minimum is $100 monthly. If initial premium is less than $5,000, EFT minimum is $300 monthly. Additional Non-EFT contributions must be at least $2,000. 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annuity value, as of the previous contract anniversary (10% of the initial premium in the first contract year) may be withdrawn without a withdrawal charge or MVA. Surrender charges are six years in duration (8,7,6,5,4,3) and are waived in the event of annuitization, death, or entrance into a nursing home. There is a Guaranteed Minimum Withdrawal Benefit (GMWB) available at issue, with no up-front charges. Payments are based upon attained age and annuity value, may begin after first contract year, are recalculated each year, and once started, may be subject to lower caps, participation rates and/or interest crediting rates. 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. Guarantees based on claims paying ability of insurer. 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:
Flexible
States Available:
NY
States Exception:
Version Note:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | 11 Aug 2008 |