CUSIP Number:
46849B137
CUSIP Name:
No CDSC
Product Policy Type:
Indexed Annuity
Inception Date:
12 Mar 2018
Close Date:
CUSIP Note:
Scrap Book:
MarketProtector Advisory 7 is a single premium deferred index annuity with a market value adjustment. Available for the owners/annuitant whose age lies between 0-85. The minimum single premium is $25,000 for qualified and non-qualified money. The contract allows for additional premium within the first contract year only. 10% of the beginning of contract year accumulated value may be withdrawn each policy year without a surrender charge or MVA. Systematic Withdrawal is an option. There is an Extended Care Waiver and Terminal Illness Waiver available (state variations apply). There is an optional lifetime income rider, IncomeAccelerator, available for an additional charge. 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:
26 Sep 2025 12:09