Performance Advantage
Product:
Advanced Series Xtra Credit
Status:
Terminated
Internal name:
Sequence:
2
Rider select rule:
Mandatory
Participant based on:
Owner and Annuitant
Inception date:
1995-12-28
Closed date:
2004-05-01
States available:
State exceptions:
Notes:
Performance advantage is a feature that provides an increase in contract value, only if contract value has not reached its target value on its 10th anniversary. The amount of target value should be equal to 1.0% of each qualifying purchase payments. Annual credit percentage is equal to 0.25 of an average contract value.
When added:
No longer available for new purchases.
Feature cases
| Case name | Current charge (%) | Max charge (%) | Owner age (min–max) | Annuitant age (min–max) |
|---|---|---|---|---|
| Performance Advantage | 0 | 0 – 80 | 0 – 80 |