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Your Commission On This Product:
5% + 5.25 eCredit$ per $1000 in Premium. |
| Actual compensation may be reduced for older ages |
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| Product Annualized Interest Rate | 0.00% |
| Interest Rates | Min. Guaranteed Interest 3.00% on 90% compounded annually. |
| Minimum/Maximum Premiums | Minimum: Initial premium determines minimum EFT amounts:
- If initial premium is greater than or equal to $5,000, EFT optional/min. of $100 monthly.
- If initial premium is less than $5,000, EFT required/min. of $300 monthly.
Future non-EFT contributions must be at least $2,000.
Minimum EFT requirement lasts for life of contract
Maximum Premium: $1,000,000 ($500,000 above age 75) without home office approval |
| Choice of Years of Surrender Penalties | 6 |
| Issue Ages | 0 - 85 |
| Surrender Charge | 6-Yr (8%,7%,6%,5%,4%,3%,0%) |
| Withdrawal Provisions | Liquidity-10% of account value including first year; Systematic withdrawal of interest available after 30 days; RMD available (pertains to qualified contracts).
Annuitization Option-Available after 5th yr. without penalty
-No Asset Fees, Spreads, or Margins
-Annual Reset to Lock-in Gains
-Full Accumulation Value at Death
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| Index Provisions | (1) Global Multiple Index Account with Cap: Annual Pt-to-Pt using 3 global indices: S&P 500 Index, the Dow Jones EURO STOXX 50 Index, and the Nikkei 225 Index up to a cap. The cap is declared when the contract is issued and then again on every anniversary. Annual credited interest is determined by adding the following 3 values together and then comparing the sum to the Cap:
-50% of the calculated change in the index with the highest return during the year.
-30% of the calculated change in the index with the 2nd highest return during the year.
-20% of the calculated change in the index with the lowest return during the year.
(2) Annual Pt-to-Pt Account with Participation Rate based on S&P 500
(3) Monthly Pt-Pt with Cap based on S&P 500
(4) Fixed Interest Account
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| Current rates, caps, bonuses and participation | AIG_Rates.pdf |
| Additional Information | Extended Care Rider-(if confined to licensed nursing home for more than 90 days after 1st contract yr); Owner must be less than age 86. There is no charge for this rider.
Guaranteed Minimum Withdrawal Benefit-
There is no upfront charge for this rider. Payments may begin after first year and are recalculated each year; payments can never decrease from yr. to yr. as long a no excess withdrawals have been taken. Payments
increase upon attained age reaching a higher income percentage bracket as well as due to an increased annuity value. When GMWB payments begin, a rate differential may be applied.
Example: If an index cap is 7% and the rate differential is 0.25%, then the client would have an index cap of 6.75%.
(GMWB may not available in all states, call your marketer for details)
Guaranteed Withdrawal Percentages
Annuitant’s Age Single Annuitant Joint Annuitant**
55-59 4.50% 3.50%
60-64 5.00% 4.00%
65-69 5.50% 4.50%
70-74 6.00% 5.00%
75-79 6.50% 5.50%
80-84 7.00% 6.00%
85+ 7.50% 6.50%
**For Joint Owners, average the two ages
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| Commission Details | Age Commission
0-75 5.00%
76-80 4.50%
80-85 4.25%
*Applies to most states; may vary in some states. Consult your contract to confirm actual commission. |
| States not Approved | Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Puerto Rico
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming |
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