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-, five- or seven-years, depending on the product selected. Products are single-premium and:
- Allow 10% annual free withdrawals during the surrender charge period
- 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-, five- or seven-year guaranteed rate schedule within a seven-year surrender charge duration.
If the three- or five-year initial guaranteed rate period is elected, the Surrender Charge Waiver Rate provision allows the contract value to be withdrawn with no withdrawal charge provided the initial guaranteed rate period the renewal rate of interest credited on the contract falls below the Surrender Charge Waiver Rate. The Surrender Charge Waiver provision is not applicable for the seven-year initial guaranteed rate period.
When choosing the SecureFore 7 initial guaranteed rate period of three-, five-, or seven-years, the financial professional should consult with the client to determine the appropriate trade-off between longer-term rate certainty and higher initial rates, given the client's particular needs.
SecureFore 5: Complete crediting predictability
SecureFore 5 offers clients an attractive combination of appealing rates and complete crediting predictability 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.