INTEREST PLUS+ FAQs
What is the benefit of the Interest Plus+ annuity over other guaranteed fixed rate annuities?The Interest Plus+ annuity is designed for the consumer who desires a higher-than-average rate of return, but with the ability to access funds for any reason or amount – without incurring an excessive surrender charge. By paying an up-front fee, the annuity owner receives flexibility never before seen in a guaranteed fixed rate annuity.
Why is there a 5% sales charge to my initial premium?When you incur a “back end load” by way of heavy surrender charges and market value adjustments, periodic or emergency liquidity can become very costly. By paying these charges up front, you avoid the future risk of having to pay huge surrender fees when choosing partial or complete liquidity. This “front end load” is a one-time cost which covers all business expenses associated with guaranteed fixed annuities. We pay you the highest guaranteed fixed interest rate in the US because the sales charge recoups our sales costs. You are able to access any or all liquidity for any reason, still receiving the above-market rate.
How long does it normally take to recover the initial “front end load”?Because of the industry-leading high interest rate, you can see a full realization of your initial principal in less than two years. After the initial “front end load” has been achieved, your account rapidly accumulates. And, the longer you keep your Interest Plus+ Annuity, the more savings you will realize.
How do I know what my policy is worth?Simply login to view your account information. We also send you annual statements, and you may call 1.800.839.2731 at any time.
Why is there a 1% redemption fee to withdrawals?The $10 per $1000 surrendered fee helps keep our costs down so your interest rates can remain high.
In which states is this annuity approved?For a list of states in which this product is available, please contact your agent or call 800.839.2731.