Waiver
Product:
American Freedom Liberty 8
Status:
Active
Waiver Type:
Bail Out
Internal Name:
Sequence:
1
Inception Date:
2016-05-31
Closed Date:
Max Age at Issue:
Min Age to Elect:
Max Age to Elect:
Min Balance to Elect:
Max Withdrawal Amount:
Max Benefit Elect:
Waived Upto:
100
Waived Upto Value:
States Available:
AL,AK,AZ,AR,CA,CO,CT,DE,FL,GA,HI,ID,IL,IND,IA,KS,KY,LA,MZ,MD,MA,MI,MN,MS,MO,MT,NE,NV,NH,NJ,NM,NC,ND,OH,OK,ORG,PA,RI,SC,SD,TN,TX,UT,VT,VA,WA,WV,WI,WY,DC
State Exceptions:
Description:
If the cap for an indexed strategy falls below its bailout cap, early withdrawal charges are waived for all money in the affected strategy. The bailout cap will always be below the initial cap. If the bailout cap is triggered, a letter will be sent to provide 30 days to withdraw the money from the strategy with no penalty. If no action is taken, the money will remain in the strategy.