DISCONTINUED PRODUCT - Product not available to new enrollees.
NA Performance Choice 12 and 12 Plus
Product ID: 175
Type:
Equity Indexed Annuity
Discontinued 
1%
AM Best:
S&P:
13 Years / 10.00%
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
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 allowed. Maximum loan amount cannot exceed $50,000 or 1/2 of the surrender value.
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 Rider:
After the first contract anniversary, should the annuitant become confined to a qualified nursing home facility for at least 90 consecutive days, we will increase the penalty-free withdrawal amount up to 20% of the accumulation value each year while the annuitant is confined. For issue ages 75 and younger, this rider is automatically included in the annuity at no charge.
After the first contract anniversary, should the annuitant become confined to a qualified nursing home facility for at least 90 consecutive days, we will increase the penalty-free withdrawal amount up to 20% of the accumulation value each year while the annuitant is confined. For issue ages 75 and younger, this rider is automatically included in the annuity at no charge.
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 lifetime.
Payments will be made only during your lifetime. After your death, no further payments wil be made. No payments will be made to an estate or any other persons.
Income is payable for your lifetime with a guaranteed payment period ranging from 5 - 20 years. If you die before the end of the period, payments continue to a named beneficiary until the end of the period. The period cetain option cannot be set-up past age 100 for the owner or the annuitant.
If the annuitant or the owner dies pror to the maturity dates we will pay the death benefit to the appropriate beneficiary.
Additional Bonus Credit
FOR PERFORMANCE CHOICE 12 PLUS: An 7% premium bonus will be credited on the premium received during the first five contrat years. During the surrender charge period, withdrawals in excess of the penalty-free amount or a full surrender will incur a premium bonus recapture. This recapture applies to all premium bonus credits and is set at issue. The recapture percentage declines each year as outlined. Year 1 -100%, Year 2 - 95%, Year 3 - 90%, Year 4 - 85%, Year 5 - 80%, Year 6 - 70%, Year 7 - 460%, Year 8 - 50%, Year 9 - 40%, Year 10 - 30%, Year 11 - 20%, Year 12 - 10%.
| Investment Year | Bonus Rate |
|---|---|
| 1 | 7% |
| 2 | 7% |
| 3 | 7% |
| 4 | 7% |
| 5 | 7% |
| 6 | 0% |
| 7 | 0% |
| 8 | 0% |
| 9 | 0% |
| 10 | 0% |
| 11 | 0% |
| 12 | 0% |
These rates may change without notice. Contact your provider for the most current rates.
1.00%
Point-to-Point
Annual Reset
Inverse Performance Trigger
Annual Reset
Inverse Performance Trigger
S & P 500
Nasdaq 100
S & P 400
Dow Jones Industrials
EURO Stoxx 50, Heng Sang
Nasdaq 100
S & P 400
Dow Jones Industrials
EURO Stoxx 50, Heng Sang
The APTP method is determined by the changes in the index values on the 1st and last days of the contract year, subject to an Index Cap Rate. MPTP is determined by the change in the index over a month period, subject to a monthly cap. The index growth, if any, is credited annuallyand is based on the sum of all the monthly percentage changes in the index which could be positive or negative. The Inverse Performance Trigger offers a declared rate and a guaranteed minimum. The Inverse Performance Trigger is based on the S&P 500 Index value. If the index value is equal to or lower then the value at previous anniversary, the money credited to this option will be credited interest at the declared performance rate.
The Cap rate is applied to each of the indexed accounts. This rate, which is based upon current economic conditions, is delared each contract anniversary. Upon issue, the minmum Index Cap Rate will be guaranteed for the entire term of your contract.
No penalty will be applied if the following requirements are met. By current company practice, proceeds may be converted to a settlement option after the first year. Income payments will be based on accumulation value if a life, life and certain or joint life option is selected, or if the annuity has been in force for at least five years and payments are received over at least a five year 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.
Surrender Charges
| Surrender Period* | Surrender Percentage |
|---|---|
| 1 | 10.00% |
| 2 | 10.00% |
| 3 | 10.00% |
| 4 | 10.00% |
| 5 | 10.00% |
| 6 | 9.00% |
| 7 | 8.00% |
| 8 | 7.00% |
| 9 | 6.00% |
| 10 | 5.00% |
| 11 | 4.00% |
| 12 | 2.00% |
| 13 | 0.00% |
*Expressed in contract years
Exceptions to the Surrender Charge:
Other Restrictions:
Percent of contract value:
10.00%
Death:
Yes
Nursing Home or Other Medical Expenses:
Yes
After the first contract anniversary, should the annuitant become confined to a qualified nursing home facility, for at least 90 days, we will increase the penalty-free withdrawal amount up to 20% of the accumulation value each year while the annuita
