CUSIP Number:
853527455
CUSIP Name:
5-Year Annuity
Product Policy Type:
Fixed Annuity
Inception Date:
01 Oct 2025
Close Date:
CUSIP Note:
Scrap Book:
The Future Value Annuity 5 (LPL) is a single premium deferred fixed annuity with a market value adjustment (N/A in CA). The minimum premium is $15,000 for qualified and non-qualified funds. Additional contributions can be made during the first 90 days only. Surrender charges vary by state 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. Accumulated interest can be withdrawn beginning in the first policy year for the current year's accumulated interest with Option 2; 10% of the accumulation value may be withdrawn without incurring a penalty (after the first policy year) with Option 3; Guarantee of Principal and 10% of the accumulation value may be withdrawn without incurring a penalty (after the first policy year) is available on Option 4. 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:
01 Oct 2025 11:44