94 SPDA
Status:
Active
Group:
Company:
Indianapolis Life Insurance Company
Product Type:
Fixed Annuity
Product Status:
Draft
Version:
0
Inception Date:
January 01, 1991
Closed Date:
July 01, 2003
Last Modified:
Description:
The 94 SPDA has a minimum initial contribution of $5,000 for non-qualified money, and $1,000 for qualified. There is a annual 10% free withdrawal of accumulated value. Systematic withdrawal is an available on monthly basis only. Surrender charges are seven years in duration and are waived in the event Annuitization, Death, confinement to a Nursing home, hospital (for both spouses), or the diagnosis of a Terminal Illness.
Fee Based:
No
Free Look:
Yes
Plan Types:
401 (k), HR-10 (Keogh), Non-Qualified, IRA Rollover, IRA Transfer, SEP IRA, Others
Premium Types:
Single
States Available:
AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, KS, KY, IN, LA, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NM, NV, NY, OH, OK, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
States Exception:
BERMUDA, GU, ME, NH, OR, PR, VI, VT
Version Note:
Scrap Book: