CUSIP Number:
372497412
CUSIP Name:
7 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
09 Mar 2015
Close Date:
CUSIP Note:
Scrap Book:
The SecureLiving Protection Plus 7 is a single premium deferred annuity with a market value adjustment. The minimum single premium is $25,000 for qualified and non-qualified money. 10% of the contract value is available after the first contract year. Surrender charges are five years in duration and are waived in the event of bailout or death. State variations may apply. The Income Protection Rider (single and joint life versions) is an optional rider which, if elected at an extra cost, provides lifetime withdrawals without annuitizing the contract, provided the withdrawals do not exceed a certain amount annually. State variations may apply. GMAB provides a Guaranteed Minimum Accumulation Value at the end of the surrender charge period of 107% of premiums less withdrawal and any applicable rider fees. State variations may apply. 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:
22 Sep 2023 05:56