|
Base Policy
|
Premium Funding
|
Income Benefit
|
Qualified Premium
|
Nonqualified Premium
|
|---|---|---|---|---|
|
OS
|
Flexible
|
Deferred (2 Years)
|
$4K
|
$10K
|
|
RE
|
Single
|
Immediate
|
$10K
|
$10K
|
|
REC
|
Flexible
|
Deferred (30 Years)
|
$10K
|
$10K
|
|
SV
|
Single
|
Deferred (3/4/5 Years)
|
$10K
|
$10K
|
Flexible Premium Deferred Fixed Annuity (FPDA)
Single Premium Immediate Fixed Annuity (SPIA)
Flexible Premium Deferred Fixed Annuity (FPDA)
Qualified Longevity Fixed Annuity Contract (QLAC)
A single premium deferred fixed annuity (SPDA) and multi-year guaranteed annuity (MYGA).
The policyowner may accelerate or defer the annuitization period.
Upon the annuitization period, the policyowner may request lumpsums (as specified in the contract).
The policyowner may request lumpsums without a surrender charge (as specified in the contract) when the insurer receives satisfactory proof that the policyowner is confined to a licensed nursing care facility or accredited hospital.
The policyowner may request lumpsums without a surrender charge (as specified in the contract) when the insurer receives satisfactory proof that the policyowner has a terminal illness and is not expected to live more than 12 months.
The policyowner may accelerate a percentage of the annuitization period annually.