Beacon Data Entry

Basic Info

CUSIP NUMBER *

CUSIP NAME *

INCEPTION DATE *

CLOSE DATE

CUSIP NOTE

SCRAP BOOK

The AscenderPlus Select 7 is a single premium deferred index annuity that allows for additional premium within the first contract year only. The minimum single premium is $5,000 for qualified and $10,000 for non-qualified money.  10% of the accumulated value may be withdrawn each policy year without a surrender charge.  Systematic Withdrawal is an option. Surrender charges vary by state and are waived in the event of annuitization, death, entrance into a hospital or nursing home, or diagnosis of a terminal illness.   There is an optional lifetime income rider, LifePay, available for an additional charge. 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.

Contributions & Waivers

CONTRIBUTIONS

Contribution #2578

WAIVERS

Waiver #8625

Waiver #8626

Waiver #8627

Waiver #8628

WITHDRAWALS

Transfers & Bonuses

TRANSACTION TRANSFERS

No Transactions available.

SYSTEMATIC TRANSFERS

No Systematic Transfers available.

BONUSES

No Bonuses available.

Features & Benefits

Investments

SETTLEMENTS

FIXED ACCOUNTS

No Fixed Accounts available.

INDEXED ACCOUNTS

No Indexed Accounts available.

Riders & Models

ALLOCATION MODELS

No Allocation Models available.

LBR RIDERS

Guaranteed Minimum Accumulation Benefit

DBR RIDERS

Basic Death Benefit

Charges

INITIAL SALES

No Initial Sales available.

M&E CHARGES

No M&E Charges available.

SURRENDER CHARGES

No Surrender Charges available.

Plans & Other

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Higher Standard Index Annuity 6

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