CUSIP Number:
45813X745
CUSIP Name:
MYGA
Product Policy Type:
Fixed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The AnnuiQuest is a single premium deferred fixed annuity. The minimum premium is $2,000 for qualified funds and $5,000 for non-qualified funds. During each policy year, including the first, the interest credited may be withdrawn or up to 10% of the contract value. Systematic withdrawals are also an option. Surrender charges are seven years in duration (7,7,7,6,5,4,3) and are waived in the event of death (of annuitant), entrance into a nursing home or hospital, diagnosis of a terminal illness, or unemployment. There is a return of premium which guarantees that the cash value will never be less than 100% of the premium payment, less withdrawals. 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.
Last Modified:
07 Feb 2024 21:24