CUSIP Number:
372497438
CUSIP Name:
8 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The SecureLiving Growth Advantage 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 eight years in duration and are waived in the event of bailout or death. State variations may apply. There is a Medical Care Facility Waiver included at no additional cost which increases the free withdrawal amount from 10% to 20% after the first contract year. The Income Security Rider offers annual income withdrawals any time after the first contract year. Withdrawals are based on a withdrawal factor multiplied by the greater of the contract value or single premium paid, less withdrawals 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:
01 Aug 2023 09:11