DISCONTINUED PRODUCT - Product not available to new enrollees.
Patriot
Product ID: 79
Type:
Variable Annuity
Discontinued 
$248
0.93%
8 Years / 7.00%
Yes
Add to Compare
Add to Compare
Add to Favorites
Add to Favorites
Set as My Product
Set as My Product
E-mail: 
Address: - Product Details
- Fees and Charges
- Investment Options
The voluntary 403(b) Patriot provides a variety of investment options from industry leaders to offer participant a wide range of investment choices. AUL also offers participant a comprehensive education program and up-to-date technology.
Select the topics below to expand and view additional product details
Available. Separate form must be completed.
Available to participants. $75 Loan origination fee.
As a part of our Benefit Responsive feature, hardship withdrawals are not charged a surrender charge.
Participants are required to begin taking distributions from their annuity accounts once the age of 70 and 1/2 is reached, unless the participant is still employed in which case a different rul applies. These payments are based on the 12/31 account balance. Participants can elect to receive this distribution in a lump sum or as monthly or quarterly payments.
Guarantees benefit payments will be paid to you as long as you live. There is an additional guarantee that if you die before your designated contingent annuitant, either one-half or two-thirds of your annuity payment will be paid to the contingent annuitant as long as that person lives.
Guarantees benefit payments will be paid to you as long as you live. Does not pay any benefit after the death of the annuitant.
Guarantees benefit payments will be paid to you as long as you live. However, if you die before the end of the period selected (5, 10, 15 20 years) the payments continue to the selected beneficiary until the end of the period.
Guarantees benefit payments will be paid to you as long as you live. If, upon your death, the sum of the benefit payments previously made to you is less than the value applied to purchase this benefit, benefit payments of the same amount shall be continued to your beneficiary until the total of all the benefit payments equals the value applied to purchase this benefit.
Balance of the retirement account is received upon withdrawal, minus any applicable taxes.
Guarantees that benefit payments of a specified amount will be paid to you over a fixed period of time. If you die before the end of the period, benefits continue to your beneficiary until the end of the period.
All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can
substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact
of fees, and the different types of fees please refer to the
Explanation of Fees piece located in the
Help & Resources.
Fees
|
|
$7.50 | Quarterly | Flat Dollar Amount | Yes | No | Yes |
|
|
$75.00 | At the time funds are withdrawn | Flat Dollar Amount | Yes | No | Yes |
|
|
1.25% | Annually | Percent of Amount Invested | Yes | No | No |
Surrender Charges
| Surrender Period* | Surrender Percentage |
|---|---|
| 1 | 7.00% |
| 2 | 6.00% |
| 3 | 5.00% |
| 4 | 4.00% |
| 5 | 3.00% |
| 6 | 2.00% |
| 7 | 1.00% |
| 8 | 0.00% |
*Expressed in contract years
Surrender Penalty Charge assessed on a "rolling" basis:
This surrender charge is not rolling. Period beings on the participant's first date of deposit.
Exceptions to the Surrender Charge:
Other Restrictions:
Exceptions to the Surrender Charge:
Percent of contract value:
0.00%
Percent of purchase payments:
0.00%
Death:
Yes
Disability:
Yes
Financial Hardship:
Yes
AUL offers benefit-responsive features with respect to the proposed group annuity contract. A charge will not be assessed against individual withdrawals made to pay plan benefits for participants who have retired, died, become disabled, or terminate
