1 Source: Stocks, Bonds, Bills and Inflation (SBBI), 2021 Summary Edition.
Advanced Outcomes Annuity is sold by prospectus only. The prospectus contains the investment objectives, risks, fees, charges, expenses and other information regarding the contract and underlying funds, which should be considered carefully before investing. A prospectus may be obtained by calling 1-877-445-1262. Investors should read the prospectus carefully before investing.
Advanced Outcomes Annuity offers structured outcome strategies with underlying funds that have characteristics unlike many other traditional investment products and may not be suitable for all investors. There is no guarantee that the outcomes for a specific fund term will be realized. Variable annuities are subject to investment risk, including the possible loss of principal. For more information regarding whether an investment in these funds is right for you, please see the product and fund prospectuses.
Variable annuities are a long-term investment designed for retirement purposes. In the accumulation phase, they can help you build assets on a tax-deferred basis. In the income phase, they can provide you with guaranteed income through standard or optional features. Variable annuities are subject to costs that include a separate account fee, a contract maintenance fee, expenses related to the operation of the variable portfolios, and the costs associated with any optional features elected.
Investment strategies terms pertain only to the term itself and not the annuity. Advanced Outcomes Annuity features a 6-year declining withdrawal charge schedule.
An initial Purchase Payment is the money you give us to purchase a contract. Any additional money you give us to invest in the contract after purchase is a subsequent Purchase Payment. You are not required to make any subsequent Purchase Payments. The following contains the minimum dollar amount for the initial Purchase Payment and each subsequent Purchase Payment:
For Qualified and Non-Qualified Contracts, Minimum Initial Purchase Payment is $25,000; Minimum Subsequent Purchase Payment is $500; Minimum Automatic Subsequent Purchase Payment is $100. If you purchase your contract through certain broker-dealers, the minimum initial Purchase Payment may be higher than the amounts shown.
Policy form number: AG-807 (6/21)