CUSIP Number:
04685L446
CUSIP Name:
10 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The TargetHorizon 10 Select is a single premium deferred index annuity with a market value adjustment (MVA). The minimum single premium is $5,000 for qualified and non-qualified money.5% of the accumulation value is available after the first policy year. Surrender charges are ten years in duration (9.4,8.9,8,7,6,5,4,3,2,1) and are waived in the event of death, confinement, or diagnosis of a terminal illness. There are two optional lifetime income riders which, if elected for an additional cost, provide an option to receive lifetime income withdrawals without incurring withdrawal charges or MVA. 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. 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:
01 Aug 2023 05:15