Reduced Purchase Payment
Product:
America's Future Horizon Annuity
Status:
Terminated
Internal name:
Sequence:
4
Rider select rule:
Optional
Participant based on:
Owner
Inception date:
Closed date:
2013-05-01
States available:
State exceptions:
Notes:
On election of benefit, Issuer will reduce initial purchase payment to $1,000 and subsequent purchase payments to $25. May not be available for contracts issued as investment-only contracts.
When added:
No longer available for new purchases.
Cancellation / termination:
May be cancelled any time after election.
Feature termination:
May be terminated any time after election, if throughout a period of at least 2 years and continuing until such election, total of all purchase payments, less withdrawals is $25,000 or more.
Feature cases
| Case name | Current charge (%) | Max charge (%) | Owner age (min–max) | Annuitant age (min–max) |
|---|---|---|---|---|
| Reduced Purchase Payment | 0 | 0 | 0 – 85 |