Product Details

Extended Care Waiver:
After the first policy year, early withdrawal charges will be waived if the owner is confined to a qualifying institution or extended care facility for 90 consecutive days or longer (available until owner reaches 85). There is no additional fee for this waiver.

Benefit payments are made during the lifetime of the participant and his or her beneficiary. Upon the death of one, payments continue during the lifetime of the other (survivor). We offer several options where the participant and his or her beneficiary can arrange to receive the same benefit over both lifetimes or could opt for a higher payout while both are living and a lower payout after one dies. Withdrawals may be limited by your plan and federal tax law. Before the participant turns age 59 ½ , withdrawal may be subject to a 10% tax penalty. Investors should consult their contract for details.

Benefit payments are made only to the participant during his or her lifetime. There is no provision for a death benefit for a beneficiary. To some participants, this option may provide a higher benefit than other options. Withdrawals may be limited by the plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Investors should consult their contract for details.

Benefit payments are made to the participant during his or her lifetime. If the participant dies before the selected guaranteed period has expired, the beneficiary will receive payments for the rest of the guaranteed period. A participant may choose to receive periodic annuity payments for a selected number of years (5, 10, 15, or 20), subject to Internal Revenue Code restrictions. Withdrawals may be limited by the plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Investors should consult their contract for details.

Benefit payments are made to the participant during his or her lifetime. Upon the participant's death, his or her beneficiary shall receive a lump sum payment equal to the remaining annuity value. Withdrawals may be limited by the plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Investors should consult their contract for details.

Participants can withdraw the entire vested value of their account. Withdrawals may be limited by the plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. A surrender charge may apply. Investors should consult their contract for details.

Benefit payments are made to the participant for a selected number of years, between three and thirty. Upon his or her death, payments will continue to the beneficiary until the designated period is completed. Withdrawals may be limited by the plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Investors should consult their contract for details.

Partial Withdrawals:
Participants may elect to take scheduled or nonscheduled withdrawals as desired or needed subject to IRS restrictions and plan provisions. Withdrawals may be limited by the plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Surrender charges may apply. Investors should consult their contract for details.