CUSIP Number:
125732297
CUSIP Name:
MYGA
Product Policy Type:
Fixed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The TruStage MaxProtect Fixed Annuity is a single premium deferred annuity. The minimum single premium is $10,000 for qualified and non-qualified. 10% of the accumulated value may be withdrawn as of the last contract anniversary, or the purchase payment in year one, without a surrender charge. Withdrawals are available immediately in year one. Systematic Withdrawal is an option. Surrender charges vary by guarantee period and are waived in the event of death, entrance into a nursing home or hospital, or diagnosis of a terminal illness. There is an optional MVA and ROP available. Withdrawals are taxable distributions that may be subject to ordinary income tax and if made prior to age 59 ½, may also be subject to a 10% federal income tax penalty. The cash surrender value will never be less than the premium paid, less any: free withdrawals; partial surrenders and premium taxes. Premium taxes vary by state. 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. The free look period may vary by state.
Last Modified:
07 Dec 2023 21:06