The Secured Rate Annuity is a single-premium, deferred annuity offering a robust set of client-friendly features. Some contracts even provide rewards for your client’s long-term savings commitment.
The series offers a choice of a one-, five- or six-year interest rate guarantee period, which secures the crediting rate for that duration. At the end of the guarantee period, your client benefits from competitive renewal rates based on the current interest-rate environment and current market conditions.
Every contract includes a principal guarantee, which ensures that your client will never receive less than total premium payments, less any previous withdrawals.
Surrender-charge periods vary based on the contract selected. Each contract offers a variety of ways for your client to access funds before the end of the surrender-charge period without paying a surrender charge. In addition, there is no window at the end of the surrender-charge period, during which time owners are generally required to make a decision prior to a restart of surrender charges.
The Secured Rate Annuity is an ideal savings vehicle for those seeking the benefits of tax-deferred growth, principal protection and generous access to funds. Few taxable investments can provide this blend of safety, growth and flexibility.
This annuity is also an excellent way to enhance your client’s retirement-savings plan and can be used to fund 403(b) TSAs, IRAs and SEPs.
