Index Protector Fee-Based Annuities
We offer a suite of advisory products to help you diversify your clients’ portfolios. Index Protector 4, Index Protector 5 MVA and Index Protector 7 fee-based annuities are intended for distribution by Investment Advisor Representatives doing fee-based planning. These zero commission fixed-indexed annuities offer:
- Protection from market loss
- Growth opportunity with multiple indexed strategies
- Liquidity options
| Index Protector 7 | Index Protector 5 MVA | Index Protector 4 | |
|---|---|---|---|
| Issue ages | Qualified and non-qualified: 0-85 Inherited IRA and inherited non-qualified: 0-75 | Qualified and non-qualified: 0-89 Inherited IRA and inherited non-qualified: 0-75 | Qualified and non-qualified: 0-90 Inherited IRA and inherited non-qualified: 0-75 |
| Minimum purchase payment | $100,000; additional purchase payments accepted in first two months of contract; minimum $25,000 | $50,000; additional purchase payments accepted in first two months of contract; minimum $25,000 | $50,000; additional purchase payments accepted in first two months of contract; minimum $25,000 |
| Liquidity | Clients may withdraw up to 10% of the account value penalty-free during the first seven contract years. Additionally, there is a return of premium available for clients who choose to surrender after the third contract year. | Clients may withdraw up to 10% of the account value MVA-free during the first five contract years. | Clients may withdraw up to 10% of the account value penalty-free during the first four contract years. |
| Early withdrawal charges | 7-year declining: 7%, 7%, 7%, 6%, 5%, 4%, 3% | None | 4-year: 5.6%, 5.6%, 5.6%, 5.6% |
| Market value adjustment | A market value adjustment applies for the first seven contract years | A market value adjustment applies for the first five contract years | None |
| Income riders | IncomeDefender and Income Keeper - temporarily suspended | None | None |
Learn more about why you should offer an Index Protector fee-based annuity.
Are you an RIA looking to add these products to your platform? Contact us today to get set up!
