CUSIP Number:
38983T768
CUSIP Name:
MVA Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The Premier Income Bonus is a Modified premium deferred index annuity with an optional market value adjustment. The minimum single premium is $10,000 for qualified and non-qualified money. Additional contributions can be made for $2,000 or more. 10% of the purchase payment may be withdrawn during the first policy year and 10% of the account value as of the prior anniversary plus any purchase payments received since may be withdrawn after the first policy year without a surrender charge. Systematic Withdrawal is an option. Surrender charges are 7 years in duration and are waived in the event of death, entrance into a Extended care or diagnosis of a terminal illness. A Premier Income Bonus Rider(GLWB) rider 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. Free look period varies by state. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Last Modified:
05 May 2026 13:54