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DISCONTINUED PRODUCT - Product not available to new enrollees.

FlexBuilder Plus
Product ID: 95

Vendor:
Great American Insurance Group (Annuity Investors Life Insurance Company)
Type:
Fixed Annuity 
Discontinued Discontinued


3%
AM Best:
A
Moody's:
A2
S&P:
A+
13 Years / 10.00%
No





Annuity Investors Life Insurance Company's FlexBuilder Plus accepts flexible and periodic Purchase Payments for TSA, 401(a), Section 457 and Non-Qualified. There are no up front sales charges or administration fees. Each deposit will have its own 12 year rolling early withdrawal period. The early withdrawal period is based on the number of full years that have elapsed since the date on which the Purchase Payment was applied. Early withdrawal period on qualified business will be waived when the owner is age 55, separated from service and has been in the contract for at least seven years. A 5% interest rate bonus will be applied to the Account Value if annuitization is elected after the seventh contract anniversary and for life or a period of at least five years.

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The FlexBuilder Plus fixed annuity does allow contract loans and has a loan rate of 7.5%. A 4% interest rate is credited back to the participant's account. The minimum loan amount offered is $ 1,000.00 and the maximum is based on the value of the contract and IRS regulations.

GAFRI will comply with the IRS Code to allow distributions from qualified annuity contracts by the required beginning date- April 1 following the calendar year in which the Annuitant/participant reaches 70 1/2, or following the calendar year in which the Annuitant/participant separates from service. If the Annuitant decides to meet the Required Minimum Distribution through annuitization of the contract, then substantially equal payments must be made at least annually. If the Annuitant decides to meet the Required Minimum Distribution from other than annuitization, then, by the required beginning date, the Annuitant will need to take the distribution for the calendar year preceding the beginning date.
Joint and One-half Survivor- AILIC will make periodic payments until the death of the primary person on whose life payments are based; thereafter, we will make one-half of the periodic payment until the death of the secondary person on whose life payments are based. The first payment will be paid as of the last day of the initial payment interval.
AILIC will make periodic payments for a fixed period equal to the life expectancy of the person whose life payments are based. This life expectancy is determined under tables adopted by the Health Care Financing Administration. This option is irrevocable. As of the date that payments begin under this option, the Contract has no value that can be assigned, transferred, surrendered, loaned, commuted or withdrawn. The first payment will be paid as of the last day of the initial payment interval.
AILIC will make periodic payments for at least a fixed period. If the person on whose life payments are based lives longer than the fixed period, then we will continue to make payments until his/her death. The first payment will be paid as of the last day of the initial payment interval.
This option is available at any time. After the 12th contract year, all remaining surrender charges are waived. There is no Mortality and Expense Charge, Annual Administration charge or fee.
INCOME FOR A FIXED PERIOD- AILIC will make payments for a fixed period of years. The first payment will be paid as of the last day of the initial payment interval. The maximum time over which payments will be made by us is twenty (20) years.
Interest Payments:
AILIC will hold the amount applied for the fixed period you select. We will pay interest on that amount to the payee at the interval selected. The first payment will be paid as of the last day of the initial payment interval. At the end of the period, you may select another option or you may receive the amount then in one sum.
Yes

An Annuitization Bonus of 5% will be added to the Account Value if annuitization is elected after the seventh contract anniversary and for life or a period of at least five years. The Annuitization Bonus will not be credited to the Account Value upon annuitization of a death benefit.
These rates may change without notice. Contact your provider for the most current rates.



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 9.00%
3 8.00%
4 7.00%
5 6.00%
6 5.00%
7 4.00%
8 3.00%
9 2.00%
10 1.00%
11 1.00%
12 1.00%
13 0.00%

*Expressed in contract years


Surrender Penalty Charge assessed on a "rolling" basis: Each deposit will have its own twelve year rolling early withdrawal period. The early withdrawal charge is based on the number of full years that have elapsed since the date on which the Purchase Payment was applied. They are expressed as a percentag
Exceptions to the Surrender Charge:
Percent of contract value:
100.00%
Percent of purchase payments:
100.00%
Death:
Yes
Attainment of Age:
55
Other Restrictions:
FEES There are no fees listed for this Fixed Annuity.

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