Principal protection, predictable crediting
The SecureFore series of fixed annuities provides compelling options for those clients who want principal protection with predictable crediting. The SecureFore series provides a guaranteed interest rate schedule for the initial three or five years, depending on the product selected. Products are single-premium and:
- Allow 10% annual free withdrawals during the surrender charge period
- Offer three rate bands for increasing interest crediting
- Renew at current rates after the initial guarantee period, subject to a contractual minimum
- Waive surrender charges and market value adjustment for nursing home confinement or terminal illness
SecureFore 7: Predictability with options
SecureFore 7 gives clients options and flexibility for their saving objectives. Clients have a choice a three- or five-year guaranteed rate schedule within a seven-year surrender charge duration.
However, clients may surrender the contract in any year after the guaranteed rate schedule expires with a “bailout” feature. The Surrender Charge Waiver allows penalty surrender if the renewal rate after the guaranteed rate schedule is less than the contractual “bailout” rate, set at issue. As a result, clients retain penalty-free options should interest rates drop below the "bailout" rate.
SecureFore 5: Complete crediting certainty
SecureFore 5 offers clients an attractive combination of appealing rates and complete crediting certainty with a guaranteed interest rate schedule for the duration of a five-year surrender charge period.
SecureFore 3: Short-Term Stability
SecureFore 3 fixed annuity offers a three-year guaranteed rate schedule with a three-year surrender charge period. Clients can enjoy the same crediting predictability as other SecureFore products, but for a shorter length of time. After the guaranteed rate period expires, a new interest rate will be declared and guaranteed for one year, however, your clients may appreciate the opportunity to move their money without penalty after three years, instead of five or seven.