Alliance Plus P2
Status:
Active
Group:
Product Type:
Fixed Annuity
Product Status:
Approved
Version:
0
Inception Date:
February 17, 1997
Closed Date:
June 30, 2007
Last Modified:
February 14, 2025 00:00
Description:
The Alliance Plus P2 is a flexible premium deferred annuity. The minimum initial contribution is $2,000 qualified and $5,000 non-qualified. Additional contributions can take the total premium to the policy maximum of $1,000,000 without home office approval. Withdrawals are on an interest only basis (up to 10% of the contract accumulation value). Systematic withdrawals are also available. Surrender charges are 11 years in length and are waived only in the event of death, admittance in to a hospital, or entrance in to a nursing home.
Fee Based:
No
Free Look:
Yes
Plan Types:
403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, Others
Premium Types:
Flexible
States Available:
AK, AL, AR, AZ, CA, CO, DC, DE, FL, GA, HI, IA, ID, IL, KS, KY, IN, LA, MA, MD, ME, MI, MO, MS, MT, NC, ND, NE, NM, NV, OH, OK, PA, RI, SC, SD, TN, TX, VA, VT, WI, WV, WY
States Exception:
BERMUDA, CT, GU, MN, NH, NJ, NY, OR, PR, UT, VI, WA
Version Note:
Scrap Book: