CUSIP Number:
53404X454
CUSIP Name:
5-Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
01 Jun 2023
Close Date:
CUSIP Note:
Scrap Book:
The Core Capital is a single premium deferred indexed annuity with a market value adjustment. The minimum single premium is $10,000 for qualified and non-qualified money. 10% of the accumulated value may be withdrawn each policy year without a surrender charge or MVA. There are five years of surrender charges which vary by state and are waived in the event of death, entrance into a nursing home, or diagnosis of a terminal illness after the first policy anniversary (subject to terms and conditions of the rider). Withdrawals may be subject to Federal/State income tax, and if taken prior to age 59 1/2, a 10% Federal Penalty tax. 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 securities or bank products protected by the FDIC.
Last Modified:
01 Sep 2025 10:35