Product Policy Type:
Variable Annuity
Product Version:
0
No Load:
No
Premium Tax Applicable:
No
Annual Maintenance:
30
Max Annual Maintenance:
Annual Maintenance %:
Maintenance Fee Waiver Amount:
50000
Last Modified:
2017-08-29 10:04
Notes:
Issuer charges an effective annual interest rate on a loan that will never be greater than an amount equal to 7.4% plus the total charges for riders have selected. The company also will credit the amount in the loan account with an effective annual interest rate equal to 3%. The net cost of a loan is the interest rate charged by the company less the interest rate credited. Thus, the highest net cost of a loan charged is 4.4%, plus the amount of any applicable rider charges.
Annual Charges
Annual Charge Basis Type:
Annual Charge Frequency:
Annual Deducted When:
Annually
Premium Tax
Premium Tax Min:
Premium Tax Max:
Premium Tax Basis Type:
Premium Tax Frequency:
Distribution charges
Current charge:
Max charge:
Admin charges
Current charge:
0
Max charge:
Basis type:
Variable Account Value
Frequency:
Subaccount fees
Min subaccount fee:
0
Avg subaccount fee:
Max subaccount fee:
2
Total variable account expense:
0
No initial sales for this charge.
M&E charges
M&E charge 1
Internal case name:
Marketing case name:
Sequence:
Current charge:
1
Max charge:
Basis type:
Variable Account Value
Frequency:
Deducted when:
Daily
Inception date:
Closed date:
Income phase applicable:
Yes
Current charge (income phase):
1
Max charge (income phase):
States available:
State exceptions:
Exceptions:
No
M&E dep CDSC:
No
CDSC case name:
M&E charge text:
With base contract. For contract value - $100,000 or more; 1.25% - during income phase. Includes distribution Expenses.
M&E charge 2
Internal case name:
Marketing case name:
Sequence:
Current charge:
1
Max charge:
Basis type:
Variable Account Value
Frequency:
Deducted when:
Daily
Inception date:
Closed date:
Income phase applicable:
Yes
Current charge (income phase):
1
Max charge (income phase):
States available:
State exceptions:
Exceptions:
No
M&E dep CDSC:
No
CDSC case name:
M&E charge text:
With base contract. For contract value - $25,000 - $99,999; 1.25% - during income phase. Charge in excess of 1.20% is deducted monthly from contract value. Includes distribution Expenses.
M&E charge 3
Internal case name:
Marketing case name:
Sequence:
Current charge:
1
Max charge:
Basis type:
Variable Account Value
Frequency:
Deducted when:
Daily
Inception date:
Closed date:
Income phase applicable:
Yes
Current charge (income phase):
1
Max charge (income phase):
States available:
State exceptions:
Exceptions:
No
M&E dep CDSC:
No
CDSC case name:
M&E charge text:
With base contract. For contract value - $0 - $24,999; 1.25% - during income phase. Charge in excess of 1.20% is deducted monthly from contract value. Includes distribution Expenses.