CUSIP Number:
246115257
CUSIP Name:
7-Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
01 Nov 2022
Close Date:
CUSIP Note:
Scrap Book:
The TruMax 7 is a flexible premium deferred index annuity. The minimum single premium is $25,000 for qualified and non-qualified money. Additional premium payments can be made at any time of $500 and maximum total contribution without approval is $1 million. 5% of premium available for withdrawal in the first year, 10% of previous yearâs account value available after the first year. Surrender charges are 7 years in duration (may vary with state availability); and may be waived in the event of bail out, death, entrance into an eligible nursing home, or diagnosis of a terminal illness. Guaranteed Minimum Account Value (GMAV) is available at no cost. 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:
06 Apr 2026 07:11