DISCONTINUED PRODUCT - Product not available to new enrollees.
Special Pay 403(b)
Product ID: 112
Type:
Variable Annuity
Discontinued 
$248
1.23%
8 Years / 7.00%
Yes
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Address: - Product Details
- Fees and Charges
- Investment Options
The Special Pay 403(b) provides a variety of investment options from industry leaders to offer participant a wide range of investment choices.
Select the topics below to expand and view additional product details
AUL offers benefit-responsive features with respect to the proposed group annuity contract. A charge will not be assessed against individual withdrawals made to pay plan benefits for participants who have retired, died, become disabled, or terminated employment. Additionally, plan participants who are still employed will not be assessed a charge for some in-service withdrawals, such as for hardship withdrawals (as defined by the plan document) or withdrawals made to satisfy the IRS's minimum distribution requirement for participants age 70 1/2 or older.
All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can
substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact
of fees, and the different types of fees please refer to the
Explanation of Fees piece located in the
Help & Resources.
Fees
|
|
1.25% | Annually | Percentage of Annual Assets | No | No | No |
Surrender Charges
| Surrender Period* | Surrender Percentage |
|---|---|
| 1 | 7.00% |
| 2 | 6.00% |
| 3 | 5.00% |
| 4 | 4.00% |
| 5 | 3.00% |
| 6 | 2.00% |
| 7 | 1.00% |
| 8 | 0.00% |
*Expressed in contract years
Surrender Penalty Charge assessed on a "rolling" basis:
Expressed in contract years, applies to contract termination only:7%, 6%, 5%, 4%, 3%, 2%, 1%, 0%
Exceptions to the Surrender Charge:
Exceptions to the Surrender Charge:
Death:
Yes
Disability:
Yes
Financial Hardship:
Yes
