Accum Annuity II
Status:
Active
Group:
OneAmerica
Product Type:
Fixed Annuity
Product Status:
Approved
Version:
0
Inception Date:
October 01, 1984
Closed Date:
November 29, 2004
Last Modified:
February 25, 2025 00:00
Description:
The Accum Annuity II is a Flexible Premium Deferred Annuity. The initial minimum contribution is $5,000 for Non-Qualified and $2,000 for Qualified. Additional contributions are accepted for no less than $1,000 during the first policy year. There is a seven year surrender schedule which is waived in the event of Annuitization, Death, and entrance into a Nursing Home. On an annual basis, 12% of the accumulated value may be withdrawn without incurring a surrender charge.
Fee Based:
No
Free Look:
Yes
Plan Types:
401 (k), 403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, Spousal IRA, Others
Premium Types:
Flexible
States Available:
AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, KS, KY, IN, LA, MA, MD, MI, MN, MO, MS, NC, ND, NE, NJ, NM, NV, OH, OK, PA, SC, SD, TN, TX, UT, VA, WI, WV, WY
States Exception:
AK, BERMUDA, GU, HI, ME, MT, NH, NY, OR, PR, RI, VI, VT, WA
Version Note:
Scrap Book: