CUSIP Number:
853527356
CUSIP Name:
7 Year Annuity
Product Policy Type:
Fixed Annuity
Inception Date:
12 Aug 2020
Close Date:
CUSIP Note:
Scrap Book:
The Focused Growth Annuity 7 (TD) is a single premium deferred fixed annuity with a market value adjustment. The minimum premium is $15,000 for qualified and non-qualified funds. Additional contributions can be made during the first 90 days only. Accumulated interest can be withdrawn beginning in the first policy year for the current year's accumulated interest. Surrender charges are seven years in duration and are waived in the event of annuitization, death, entrance into a nursing home, diagnosis of a terminal illness and RMDs. MVA is waived whenever surrender charges are waived Age and state restrictions may apply. 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:
16 Dec 2025 11:52