CUSIP Number:
02772R136
CUSIP Name:
7 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The ASIA PLUS NY 7 is a single premium deferred index annuity. The minimum single premium is $5,000 for qualified and $10,000 for non-qualified money. 10% of the accumulated value may be withdrawn at the beginning of the contract year. Systematic Withdrawal is an option. Surrender charges are 7 years in duration and are waived in the event of 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. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Last Modified:
23 Aug 2023 12:55