Product Policy Type:
Variable Annuity
Product Version:
0
No Load:
No
Premium Tax Applicable:
Yes
Annual Maintenance:
30
Max Annual Maintenance:
60
Annual Maintenance %:
Maintenance Fee Waiver Amount:
50000
Last Modified:
2017-08-29 09:32
Notes:
Issuer charges an annual interest rate of 3.5% on loans without Premium Bonus rider and 4.5% on loans with Premium Bonus rider. Fixed account pays interest at a declared rate. If owner elect the premium bonus rider, the rate will be reduced by 0.85% currently, for the first nine contract years. The reduced interest rate associated with the premium bonus rider will never fall below 1.50%. Surrender value from the fixed account is guaranteed to be equal to or higher than 100% of the premium accumulated at a guaranteed interest rate of at least 1.5% per year minus any surrender charges, non-vested premium bonus (if any), partial surrenders, transfers, or fees and expenses.
Annual Charges
Annual Charge Basis Type:
Annual Charge Frequency:
Annual Deducted When:
Annually
Premium Tax
Premium Tax Min:
0
Premium Tax Max:
3
Premium Tax Basis Type:
Premium Tax Frequency:
Distribution charges
Current charge:
Max charge:
Admin charges
Current charge:
Max charge:
Subaccount fees
Min subaccount fee:
0
Avg subaccount fee:
Max subaccount fee:
4
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:
1
Basis type:
Variable Account Value
Frequency:
Deducted when:
Daily
Inception date:
Closed date:
Income phase applicable:
No
States available:
State exceptions:
Exceptions:
No
M&E dep CDSC:
No
CDSC case name:
M&E charge text:
With base contract. Includes distribution Expenses.