CUSIP Number:
02772P411
CUSIP Name:
5 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
09 Jun 2025
Close Date:
CUSIP Note:
5 Year Annuity
Scrap Book:
The Rate Certainty 5 is a single premium fixed indexed annuity with a market value adjustment. The minimum premium is $5,000 for qualified and $10,000 for non-qualified money. Up to 10% of contract value as of the beginning of each contract year, can be withdrawn without incurrence of any applicable surrender charges or MVA. Systematic Withdrawal is an option. Surrender charges are 7 years in duration and are waived in the event of annuitization, death, disability, entrance into a nursing home or hospital or diagnosis of a terminal illness. 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:
02 Jun 2025 09:31