DISCONTINUED PRODUCT - Product not available to new enrollees.

SecurePlus Platinum
Product ID: 45


Type:
Equity Indexed Annuity 
Discontinued Discontinued


1%
AM Best:
A
Moody's:
A2
S&P:
A+
15 Years / 14%
Yes
Roth Eligible





Flexible Premium Equity-Indexed Annuity. The descriptions described herein are general due to space limitations. For exact details of the annuity please see the policy form.

Select the topics below to expand and view additional product details


Available for 403(b), subject to IRC and plan document rules. Loans must not exceed the lesser of $50,000 or one-half of total Cash Value. Interest earned on loaned amounts is credited at the same rate that is applied to unloaned amounts. The rate of interest charged for the loan is based on the published monthly average of the Moody's Corporate Bond Yield Average. Personal loans must be repaid within 5 yeras, while loans to acquire a home may be repaid over a longer period. Level quarterly payments are required.
Required Minimum Distribution mandated by the IRC and which must begin at age 70 1/2 or by the April 15th of the year following attainment of age 70 1/2.

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:

Guaranteed Lifetime Income Rider:
Guaranteed Lifetime Income Rider – Optional rider that provides for guaranteed lifetime income stream without annuitization. Available at an additional cost.
Equal monthly payments made during the joint lifetime of two persons and the remaining lifetime of the survivor.
Equal monthly payments for the lifetime of the Annuitant. Payments stop when the Annuitant dies.
Equal monthly payments made a certain period (i.e., 10 years, 20 years) and then for as long as the Annuitant is alive.
Equal monthly payments until LSW has paid the amount applied and then for as long as the Annuitant is alive.
Full Cash Value paid in a single sum on the annuity date.
Equal monthly payments for the number of years selected.

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


Point-to-Point
Annual Reset
Averaging
Declared Rate; all methods in SecurePlus Gold have an Annual Reset.
S & P 500
3 Strategies - all Annual Reset. Point-to-Point- Compares the % change in the S&P 500 Index from the beginning index value to the ending index value 12 months later. This % change is multiplied by a participation rate. The result is subject to a maximum (the Cap) and a minimum (the Floor). Averaging- Compares the % change in the S&P 500 Index from the index value on the Averaging Index account date to the daily average for a 12 month period. See "Averaging" below for more details and descriptions. Declared Rate- A specified interest rate declared and guaranteed for at least 12 months on each premium.
The floor is the minimum interest rate that can be credited to an Indexed Account during an Indexed Account year. The floor is declared annually in advance and can never be less than zero percent.
The Annual % Change for an Averaging Index account is equal to the % change in the S&P 500 Index from the beginning index value to the average of the index values each day the market is open during Account Year. The Annual % Change is multiplied by a participation rate (Index rate). The result is the interest credited but may not be less than the floor of 0%. There is no cap for Average Index accounts during the first 15 years. Thereafter, the cap (if declared) can never be less than 3%.

The cap is the maximum interest rate that may be applied to an Index Account. The cap is reset annually on the Index anniversary of each premium and is guaranteed for at least 12 months. The minimum cap is 3.00%.
Annually on each premium payment.

The minimum term is 10 years but must start at least 8 years after issue to avoid surrender charges.
The minimum term for annuitization is 10 years and may start at anytime.
Surrender chages are applied to the amount of the Accumulation Value that is annuitized to the extent that the annuitized portion exceeds amounts that may be available for withdrawal without the imposition of withdrawal charges.


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




0.65% - 0.75% Annually Range of Possible Percentages No No Yes

Surrender Charges

Surrender Period* Surrender Percentage
1 14.00%
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%

*Expressed in contract years


Exceptions to the Surrender Charge:
Percent of contract value:
10.00%
Death:
Yes
Nursing Home or Other Medical Expenses:
Yes
Other Restrictions:
Nursing Card Benefit Rider eliminates withdrawal charges for policyowners who require long term care if the owner (under the age of 76 at policy issue) stays in hospital or long term care facility for 60 days or longer; the Policy has been in force f

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