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GoldenPlus
Product ID: 115

Vendor:
Industrial-Alliance Pacific Life Ins Co, US Branch
Type:
Equity Indexed Annuity 


1%
AM Best:
A
16 Years / 15%
Yes
Roth Eligible



Enrollment and Questions

Use the following contact information to enroll or ask questions.

Website:
Phone:
 E-mail:
Mailing Information  Address:
  In-person:
Questions about enrollment?
View the Contact Information tab on the Vendor Details page for a list of office locations.


The GoldenPlus is a Flexible Premium Deferred Indexed Annuity that provides all of the benefits associated with a conventional fixed annuity contract but also credits interest based in part on the performance of the S&P 500 Composite Stock Price Index, without dividends.

Select the topics below to expand and view additional product details


TEFRA loans are available on the fixed account only, and are permissible after the policy has been in force for thirty (30) days. Up to 95% of the cash surrender value may be borrowed, subject to IRS rules and regulations. The Client is entitled to one free loan each year, with each subsequent loan resulting in a $30.00 fee being deducted from the cash value. The loan balance will earn 3% while the remaining Fixed Account Value continues to earn interest at the current rate. The interest rate charged on the loan is guaranteed to be 5.5%.

Provides for an increasing income to the annuitant based on IRS life expectancy tables. Sometimes referred to as the Life Expectancy Income Option (LEIO).

Yes

Riders are amendments to the annuity contract that typically add to your costs. make sure you inquire about any additional costs. The following riders exist for this product:

Nursing Home Waiver:
Upon confinement to a covered nursing home, the annuitant may request a full or partial surrender of the policy value without incurring any surrender charges.
This provision provides for an income to the annuitant and their spouse as long as one of the individuals is alive.
Provides a life income to the annuitant.
Provides a life annuity to the annuitant with a minimum payment of 10, 15 or 20 years.
Provides for a single payment of the cash surrender value.
Provides an income to the annuitant for a period of years.
No

First Year Interest Rate Bonus of 1.75% which is credited to the Fixed Account only.
Investment Year Bonus Rate
1 2%

These rates may change without notice. Contact your provider for the most current rates.


Point-to-Point
S & P 500
Fixed Account: Interest will be credited to the Fixed Account at the Effective Fixed Account Current Interest Rate. Interest on Premiums received accrues on a daily basis and is credited to the Policy monthly. Upon surrender or any other termination of the Policy, interst shall be accrued and credited under the Policy up to the date of surrender or other termination. Indexed Account: Interest earnings will be credited to the index sub-accounts at the end of each one-year indexed term. No interest will be credited to funds that are withdrawn from an indexed sub-account before the end of its indexed term. If the Index Change is zero or less for an Indexed Term, no interest will be credited to the applicable indexed sub-account at the end of its indexed term.
1.00% on the Fixed account and 0% on the Indexed account

The cap is the maximum rate of interest funds allocated to the indexed account can earn. IAP may change the cap upon each premium payment anniversary at the end of each Indexed Term. The interest rate cap is guaranteed never to go below 2%.
100.00%
100.00%
The participation rate will not change


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.

Surrender Charges

Surrender Period* Surrender Percentage
1 15.00%
2 14.00%
3 13.00%
4 12.00%
5 11.00%
6 10.00%
7 9.00%
8 8.00%
9 7.00%
10 6.00%
11 5.00%
12 4.00%
13 3.00%
14 2.00%
15 1.00%
16 0.00%

*Expressed in contract years


Exceptions to the Surrender Charge:
Death:
Yes
Nursing Home or Other Medical Expenses:
Yes
Other Restrictions:
Upon confinement to a covered nursing home the annuitant may request a full or partial surrender of the policy value without incurring any surrender charges.

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