Total Interest Annuity
Do you have very conservative clients who want to contribute to a 403(b)?
Consistent method for increasing assets for retirement without market participation
Payroll deferral through an employer's 403(b) plan or automatic drafts from a bank account or an IRA 403(b) contributions tax deferredAnnual contribution limits set through IRA
403(b) contributions tax deferred
Annual contribution limits set through IRA
Additional bonus rate to begin contract1
Age 50+ catch-up provision
Age 60-63 additional catch-up
The Total Interest Annuity can help your clients build their savings so their retirement plans won't be undone by a volatile market. It allows your clients to avoid the potential pitfalls of the markets by placing a portion of their retirement savings into an annuity that is separate from traditional retirement assets that fluctuate as financial markets shift.
In addition to the guaranteed principal, we also offer two riders:
1. Surrender Charge Waiver for Early Retirement Rider (available only for 403(b) or Roth 403(b) contracts; not available in CT, MD, MA, TX, or WA)
If your clients meet the following qualifications, they can take withdrawals from their contracts without a surrender charge:
Minimum of 5 years in the contract
Minimum age of 55
Separation from service at or after age 55
2. Return of Purchase Payments Guarantee Rider (not available in TX, VT, or WA)
Guarantees that the Cash Surrender Value of the contract will never be below the Purchase Payments made (less any previous withdrawals, premium tax due or paid, and rider charges deducted)
Provides ability to withdraw in full all of the Purchase Payments2
1The bonus rate is an additional interest rate applied to all contributions received within the first year of the annuity and is only credited for one year for each purchase. In lieu of the bonus rate for TX contracts, the first year current interest rate will include additional guaranteed interest equivalent to the current bonus rate.
2If the applicable surrender charge is greater than the interest your client earned, no interest will be paid. If the interest earned is greater than the applicable surrender charge, your client will receive the interest due after payment of the surrender charge.