CUSIP Number:
02568T171
CUSIP Name:
MVA
Product Policy Type:
Fixed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
NY Eagle Platinum 5 year - 10% Penalty Free (MVA) is a single premium deferred annuity with a market value adjustment. The minimum single premium is $10,000 for qualified and non-qualified money. Systematic Withdrawal is an option. Free Withdrawals of up to 10% start in year two. Surrender charges are five years in duration and are waived in the event of death, entrance into a nursing home or diagnosis of a terminal illness. 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:
30 Nov 2023 21:36