CUSIP Number:
02772R227
CUSIP Name:
10 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The ASIA PLUS NY 10 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minimum single premium is $5,000 for qualified and $10,000 for non-qualified money. 10% of the accumulated value may be withdrawn at the beginning of the contract year.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 10 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 12:56