CUSIP Number:
468494216
CUSIP Name:
9 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
01 Apr 1999
Close Date:
CUSIP Note:
Scrap Book:
The Elite 90 MCI 9 year is a single premium deferred index annuity. The minimum single premium is $5,000 for qualified and $10,000 for non-qualified money. If a full or partial withdrawal is taken prior to the end of the Option Period, index-linked interest in excess of the Guaranteed Minimum Value will be lost on the amount withdrawn. An optional liquidity endorsement for a 10% (of Remaining Premium) annual withdrawal may be selected, which will result in a lower Index Participation Rate and/or Maximum Credited Interest. A Terminal Illness Benefit is also available. 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. Early surrender charges may also apply. 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:
21 Sep 2023 10:38