0.00% 

On the fixed option, the interest is credited daily, declared in advance and guaranteed for the first seven policy years.  The minimum guaranteed interest rate is 2.50%. 

Minimum premium is $10,000 ($2,000 per option)
Maximum premium is $1,000,000
 

10 

0 - 85 

There are 10 years of surrender penalties as follows:

10%, 10%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 3%

For TX:
9%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

At the end of the first anniversary, 10% of the account value may be withdrawn without surrender penalty.  Systematic withdrawals are allowed as a specific amount or interest only on a repetitive basis, provided the minimum payment is $100.  Systematic payment frequency can be monthly, quarterly, semi-annual, or annual.

Withdrawal penalties are waived for full or partial withdrawal:
1.  Upon annuitization after the fifth policy year.
2.  Upon death.
3.  When the nursing home, terminal illness or unemployment waiver applies.

Nursing Home Waiver: When owner is confined to a licensed nursing home for more than 60 days beginning after the first year of the annuity.

Terminal Illness Waiver: If, after the first year of the annuity, the owner is diagnosed by a licensed physician as having an illness or condition resulting in a life expectancy of less than one year.

Unemployment Waiver: If the owner is under age 65 and becomes unemployed any time after the annuity is issued, and remains unemployed for at least 30 days.

Death Benefit: No surrender charges will be deducted from the account value if the owner dies.

The Minimum Guaranteed Surrender Value ("MGSV") for a full surrender is equal to 100% of the premiums compounded at 3%, less all surrender charges, and is adjusted for any withdrawals or account value reallocations. 

There are four interest crediting options that may be chosen:
1 Year: S&P 500 monthly point-to-point with cap
1 Year: S&P 500 annual point-to-point with cap
1 Year:  S&P 500 monthly average with cap


Fixed rate guaranteed for seven years and reset annually thereafter and guaranteed for an additional year.

Reallocation is allowed at the end of each crediting rate period into any of the available options, subject to the minimum amount per option.  Credited amounts are added to the account value at the end of each crediting period.
 

OMFN_Rates.pdf 

Issue age is last birthday for both owner and annuitant.

Rate protection on 1035 exchanges is 60 days.

 

Old Mutual Financial Network sales support can be reached at:  800.445.6758 or by emailing them at:  sales-support@omfn.com 

Commission 
Age        Option 1      Renewals  
             (yrs. 1-3)                  
0-79         7.00%        0.0%            
80-85       3.50%        0.0% 

Trail         Option 2 

0-79         1.50% first year; 1.00% life of contract

WA, TX, MA and OK only:
Age        Option 1      
             (yrs. 1-3)                  
0-79         5.25%                   
80-85       2.65%    


Full Commission will be paid on sales up to $1,000,000. $1,000,001 to $2,500,000: Choice of Reduced Commission with Trail or Level Commission; $2,500,001 to $5,000,000: Level Commission; reduced choices pay for 5 years.  Sales that replace existing policies of the company will be paid at a reduced rate.  

Commission chargeback is 100% during the first year, 75% during the second year, and 50% during the third year for partial and full surrenders exceeding the free surrender amount.  There will be an adjustment in commissions to the SPIA level for policies that are annuitized in the first policy year.  There is no commission chargeback on death of a policyholder except where the premiums are in excess of $1,000,000. 

Connecticut
Massachusetts
Minnesota
New York
Oregon
Puerto Rico
Utah