Achiever
Status:
Active
Group:
Company:
Employers Modern Life Company
Product Type:
Fixed Annuity
Product Status:
Approved
Version:
0
Inception Date:
October 01, 1997
Closed Date:
February 01, 2002
Last Modified:
November 19, 2024 00:00
Description:
The Achiever is a Single Premium Deferred Annuity. The minimum initial contribution is $5,000. There is an annual 10% free withdrawal of accumulated value. There are two surrender charges based on the election of a Bonus or Non-Bonus interest rate band. Both surrender schedules are eight years in duration and are waived in the event of Annuitization, Death, entrance into a Nursing Home (Not available in ID, LA, MO, & NH), and diagnosis of a Terminal Illness (Not available in ID & LA).
Fee Based:
No
Free Look:
Yes
Plan Types:
403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, Spousal IRA, Others
Premium Types:
Single
States Available:
AK, AR, AZ, CA, CO, CT, GA, IA, ID, IL, KS, IN, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NV, OH, OK, PA, RI, SC, SD, TN, TX, VA, VT, WI, WY
States Exception:
AL, BERMUDA, DC, DE, FL, GU, HI, KY, MD, NJ, NM, NY, OR, PR, UT, VI, WA, WV
Version Note:
Scrap Book: