Advanced Series Advisors Plan II
Status:
Terminated
Group:
Fortitude
Product Type:
Variable Annuity
Product Status:
Approved
Version:
0
Inception Date:
May 01, 1995
Closed Date:
May 01, 2004
Last Modified:
August 19, 2025 12:07
Description:
The Brighthouse Shield Level Enhancement Annuity is an individual single premium deferred index-linked annuity. Shield rates (shield 10 and 15) are buffered levels of protection against negative Index Performance absorbed by issuing company at the Term End Date. The minimum purchase payment is $25,000 for qualified and non-qualified plans. Surrender charges are 3 years in duration (6,6,5) and are waived in the event of annuitization after the first policy year, death, or entrance into a nursing home or 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. 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.
Fee Based:
Yes
Free Look:
No
Plan Types:
HR-10 (Keogh), SEP IRA, IRA, 403 (b), 401 (a), 457 (b), Roth IRA, Non-Qualified
Premium Types:
Flexible
States Available:
AL, AK, AS, AZ, AR, CA, CO, CT, DE, DC, FL, GA, GU, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VI, VA, WA, WV, WI, WY
States Exception:
Version Note:
Changes in underlying fund options - Changes in expenses.
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | 01 May 1995 |
| Enhanced Beneficiary Protection Death Benefit | Enhanced Beneficiary Protection Death Benefit | 2 | 01 Feb 2001 |
| Highest Anniversary Value Death Benefit | Highest Anniversary Value Death Benefit | 3 | 12 Mar 2001 |
| Guaranteed Minimum Death Benefit | Guaranteed Minimum Death Benefit | 4 | 15 May 1999 |
| Plus 40 Optional life insurance | Plus 40 Optional life insurance | 5 | 17 Sep 2001 |
Riders
| Name | Rider type | Internal name | Sequence | Inception date |
|---|---|---|---|---|
| Guaranteed Return Option | GMAB | Guaranteed Return Option | 01 May 2001 | |
| Guaranteed Return Option Plus | GMAB | Guaranteed Return Option Plus | 13 Oct 2003 |