CUSIP Number:
63866L377
CUSIP Name:
7-Year Annuity
Product Policy Type:
Fixed Annuity
Inception Date:
14 Jul 2025
Close Date:
CUSIP Note:
7-Year Annuity
Scrap Book:
The Stable Income is a Single Premium Deferred Annuity with an market value adjustment. The initial minimum contribution is $25,000 qualified and non-qualified. There is an annual 10% non-cumulative free withdrawal of accumulated value. Systematic withdrawals are an option. The Surrender charge are seven years in duration (7,6,5,4,3,2,1) and are waived in the event of annuitization, death, diagnosis of a terminal illness or nursing home confinement (may not be available in all states). There is a Guaranteed lifetime withdrawals benefit is available. 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. This is an annuity contract issued by an insurance company and not securities or bank products protected by the FDIC.
Last Modified:
14 Jul 2025 11:31