Below is a quick guide that can help explain the features and benefits of each FIA currently available to better help your clients.
| . | Fixed Index Annuity Options | |||
|---|---|---|---|---|
| . | Strategic Growth 7 | Strategic Growth Annuity | Strategic Growth Plus Annuity | TopRidge Bonus Annuity |
| Surrender Term | 7 Year | 10 Year | ||
| Issue Ages | 0-85 | 0-80 | ||
| Minimum Premium | $25,000 | |||
| Additional Premium | Yes - First Year Only | |||
| Bonus | None | 13% | 20% | |
| Rider Charge | None | 0.95% | ||
| Rider Charge Refund | Not Applicable | Yes | ||
| Free Withdrawal/Cumulative Free Withdrawal | 10% of Account Value Beginning Year 2 | 10% of Total Premiums Beginning Year 1 — Cumulative Free Withdrawal option up to 30%, repeatable | ||
| Nursing Home/Terminal Illness Waiver | Yes | |||
| Surrnder Charge Schedule - (Most States) | 9%, 8.1%, 7.2%, 6.3%, 5.4%, 4.5%, 3.6%, 0% | 12%, 12%, 11%, 11%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 0% | ||
| Crediting Strategies | 17, Plus Buy-Up Choices | 14 | ||
| Rate Buy Up Feature | Yes | No | ||