CUSIP Number:
468494687
CUSIP Name:
9 Year Annuity
Product Policy Type:
Fixed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The Bonus Max 2 Annuity is a Flexible Premium Deferred Annuity with a Market Value Adjustment. The initial minimum contribution is $2,000 qualified and $5,000 non-qualified. 15% of the contract value may be withdrawn in any policy year. Systematic withdrawals are an option. Surrender charges are nine years in duration and are waived in the event of death, entrance into a hospital or nursing home, diagnosis of a terminal illness, or serious illness (as defined by the Company). 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. Early surrender charges may also apply. 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.
Last Modified:
31 Jul 2023 12:13