CUSIP Number:
449815851
CUSIP Name:
10 and 9 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
27 Mar 2000
Close Date:
CUSIP Note:
Scrap Book:
The ING Selectra Index Multi-Strategy is a single premium deferred fixed index annuity. The minimum initial contribution is $10,000 for qualified and non-qualified funds. 10% of the accumulated value may be withdrawn annually starting in year two. Systematic Withdrawal is an option. Surrender charges vary by age and state and may be waived in the event of annuitization, death, entrance into a nursing home or hospital. The ING IncomeProtector Withdrawal Benefit is an optional rider which, if elected for an additional cost, guarantees an annual withdrawal amount up to a percentage of the Minimum Guaranteed Withdrawal Benefit Base (MGWB Base) per year. Available after the first policy year, payments are guaranteed for the life of the annuitant. Must be between 50 and 80 years of age at issue. Withdrawals may result in federal income tax and an additional 10% IRS penalty tax prior to age 59 ½.
Last Modified:
22 Sep 2023 07:59