CUSIP Number:
677413262
CUSIP Name:
10 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
18 Sep 2023
Close Date:
CUSIP Note:
Scrap Book:
OrionShield 10 is a modified single premium deferred index annuity with a market value adjustment. The minimum single premium is $15,000 for qualified and non-qualified money. At the beginning of each Index account year, 10% of beginning index year account value may be withdrawn without incurrence of any applicable surrender charges or MVA. Systematic withdrawals is an option. Surrender charges are ten years in duration which may be waived in the event of annuitization, death or entrance into a nursing home or hospital. There is an annual fee of $30; waived if Contract Value is $50,000 or more at the beginning of Index Anniversary. The free look period varies by state. There is a premium bonus vesting schedule that applies only to surrenders and withdrawals in excess of the free withdrawal amount. Guaranteed Accumulation Protection (GAP) are the living benefit riders included under the contract. 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:
19 Feb 2026 11:30