CUSIP Number:
449815844
CUSIP Name:
1 Year Annuity
Product Policy Type:
Fixed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The FPA 9 is a Flexible Premium Deferred Annuity. The minimum initial contribution is $5,000 nonqualified, $2,000 qualified. Interest earnings are available for withdrawal 30 days from contract date. 10% of the accumulated value can be withdrawn after the first contract year, which can accumulate for each consecutive year in which withdrawals are not taken, up to a maximum of 50% of the premiums paid. Surrender charges are nine years in duration and are waived in the event of Annuitization, Death or confinement to a Nursing Home. Contract form series FLEXIX. IRAs/qualified plans are already tax deferred. Withdrawals may be subject to Federal/State income tax, and if taken prior to age 59 1/2, a 10% Federal Penalty tax. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. Current company practice is to return no less than the premiums paid (N/A in PA). AD050186.
Last Modified:
03 Oct 2023 01:28