MNL Endeavor 8
Product ID: 173
Type:
Equity Indexed Annuity
0%
AM Best:
S&P:
8 Years / 8.00%
Yes
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Enrollment and Questions
Use the following contact information to enroll or ask questions.
E-mail:
Address:
Website:
Phone:
(877) 586-0240
E-mail:
Address:
8300 Mills Civic Parkway
West Des Moines, IA 50266
West Des Moines, IA 50266
In-person:
Questions about enrollment?
View the Contact Information tab on the Vendor Details page for a list of office locations.
View the Contact Information tab on the Vendor Details page for a list of office locations.
- Product Details
- Fees and Charges
A fixed index annuity that offers the ability to apply all or a portion of your premium among an Indexed Account and/or a Fixed Account
Select the topics below to expand and view additional product details
Loans on 403(b) contracts. Maximum loan amount cannot exceed $50,000.00 or 1/2 of the surrender value.
Income is payable for your lifetime and the lifetime of your spouse. After your death or the death of your spouse, payment continues to the surviving spouse for his/her life.
Payments will be made only during your lifetime. After your death, no further payments will be made. No payments will be made to an estate or any other person.
Income is payable for your lifetime with a guaranteed payment period ranging from 5 to 20 years. If you die before the end of the period, payments continue to a named beneficiary until the end of the period. That period certain option cannot be set-up past age 100 for the owner and the annuitant.
If your Annuity Contract is still active on its maturity date, you are required to elect a payout option or take the accumulation value, subject to any premium taxes, of your Annuity Contract as a lump sum.
Point-to-Point
Annual Reset
Averaging
Inverse Performance Trigger
Annual Reset
Averaging
Inverse Performance Trigger
S & P 500
Nasdaq 100
Other proprietary indexes available. Consult your agent for more information.
Nasdaq 100
Other proprietary indexes available. Consult your agent for more information.
The Annual and 2-Year Point-to-Point (PTP) interest credit is determined by the change in the index value between the 1st and last days of the crediting period, subject to a Cap, Margin or Participation Rate. Monthly PTP credits interest at the end of the contract year, determined by the sum of positive and negative changes, after applying a monthly cap, in the index over each month of the crediting period.
Enhanced participation rate: an amount equal to 0.95% (Annual) or 1.90% (2-year) of the accumulation value allocated to the strategy will be deducted at the end of the crediting period. Annual Inverse Performance Trigger: Interest at the declared rate is credited only if the index value at the end of the contract year is less than or equal to the value at the beginning of the year.
The credit under the daily average crediting method is calculated by comparing the difference between the index value on the first day of the contract year and the Daily Average index value during the year (usually 252 trading days), subject to an index margin. The interest credit will never be less than zero.
Caps, index margins and participation rates are declared at the beginning of each crediting period and apply to that crediting period. Different caps, index margins and participation rates may be declared for each crediting period during the life of the contract. Consult your agent for current caps, index margins and participation rates.
Each crediting period.
Different participation rates may be declared for each crediting period during the contract.
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 | 8.00% |
| 2 | 7.45% |
| 3 | 6.50% |
| 4 | 5.50% |
| 5 | 4.55% |
| 6 | 3.55% |
| 7 | 2.55% |
| 8 | 1.50% |
*Expressed in contract years
Exceptions to the Surrender Charge:
Percent of contract value:
10.00%
Death:
Yes
