Investment Detail
Strategy
The Declared Interest Option (DIO) is a guaranteed interest account. The accumulated value in the DIO is not subject to the Mortality and Expense Risk charge. The guaranteed minimum interest rate applied to the DIO accumulated value is an effective rate of 1% per year. The current interest rate being credited to the DIO may be higher than the guaranteed rate.Fixed Investment Option Features
Minimum rate of return: |
1.00%
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Guaranteed minimum interest rate is good for: |
for the life of the annuity
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Interest rate as of January 1st of Current Year: |
2.25%
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How often the rate can change: |
quarterly - based on a calendar year
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Market Value Adjustment: |
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Restrictions that apply to this fixed account: |
No more than 25% of the accumulated value in the DIO may be transferred unless the balance in the DIO after the transfer would be less than $1,000; if the balance in the DIO would fall below $1,000, the entire accumulated value in the DIO may be transferred.
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How often funds can be transferred into fixed
Option from other options within this product:
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daily
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How often funds can be transferred out of this
fixed option into other options within this product:
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25% of the DIO balance may be transferred out daily.
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Other Features:
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