American Landmark 5 Plus (Raymond James)
Status:
Active
Group:
Great American
Product Type:
Indexed Annuity
Product Status:
Carrier Review
Version:
0
Inception Date:
January 05, 2018
Closed Date:
Last Modified:
April 11, 2023 14:17
Description:
The American Landmark 5 Plus (Raymond James) is a Modified single premium deferred index annuity with a 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Additional contributions can be made for $2,000 or more in the first contract year. 10% of the purchase payment may be withdrawn during the first policy year and after the first contract year, 10% of the account value on the most recent contract anniversary can be withdrawn without a surrender charge. Systematic Withdrawal is an option. Surrender charges are 5 years in duration and are waived in the event of death, entrance into a nursing home, or diagnosis of a terminal illness. 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. Guarantees are based on the claims-paying ability of the insurer. Products/features may not be available in all states. The 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.
Fee Based:
No
Free Look:
Yes
Plan Types:
403 (b), Non-Qualified, IRA, SEP IRA, Others, 401 (a)
Premium Types:
Limited Flexible
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
States Exception:
Version Note:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | 05 Jan 2018 |