CUSIP Number:
604056168
CUSIP Name:
9 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The SecureLink Future - 9-Year is a limited pay fixed deferred index annuity. The minimum single premium is $10,000 for qualified and non-qualified money. Additional contributions can be made for at least $1,000. 10% of the contract annuity value as of the prior anniversary may be withdrawn after the first policy year without a surrender charge. Systematic Withdrawal is an option. Surrender charges are nine years in duration and are waived in the event of annuitization, death, entrance into a hospital or nursing home. 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:
29 Aug 2023 08:27