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Freedom Flex Index
Product ID: 158

Vendor:
Industrial-Alliance Pacific Life Ins Co, US Branch
Type:
Equity Indexed Annuity 


1%
AM Best:
A
11 Years / 10.00%
Yes
Roth Eligible



Enrollment and Questions

Use the following contact information to enroll or ask questions.

Website:
Phone:
 E-mail:
Mailing Information  Address:
  In-person:
Questions about enrollment?
View the Contact Information tab on the Vendor Details page for a list of office locations.


The Freedom Flex Index is a Flexible Premium Deferred Indexed Annuity that provides all the benefits traditionally associated with a conventional fixed annuity, but also credits interest based, in part, on the performance of the Standard & Poor's 500 Composite Stock Price Index without dividends.

Select the topics below to expand and view additional product details


We will lend up to 95% of the net surrender value, after the contract has been in force for at least 30 days, subject to IRS limits. All loans are administered under TEFRA rules and must be repaid on a systematic basis. Minimum loan is $500. Loan interest charged is 5.5%. The amount of the annuity value equivalent to the loan is guaranteed to be credited 3.0%. Therefore, net interest charge is 2.5%.

Provides for an increasing income to the annuitant based on IRS life expectancy tables. Sometimes referred to as the Life Expectancy Income Option (LEIO).

Yes
This provides an income to the annuitant and spouse as long as one of the individuals is alive.
Provides a life income to the annuitant.
Provides a life annuity to the annuitant with a minimum payment of 10, 15 or 20 years.
Provides a single payment of the net surrender value.
Provides an income to the annuitant for a period of years.
No

The persistency bonus in equal to 3% of the policy value. It is paid at the end of the 15th year if the total premiums paid in the first 10 years is euqal or greater than $25,000 and the policy value on the fifteenth policy anniversary is equal or greater than $50,000.
There is a first year bonus of 0.50% for the fixed account.
Investment Year Bonus Rate
1 1%

These rates may change without notice. Contact your provider for the most current rates.


Point-to-Point
Annual Reset
S & P 500

Currently the cap is 2.9% effective August 15, 2012. This is the maximum rate of interest funds allocated to the indexed account will earn. However, the cap is guaranteed never to go below 2%. The account earns the full percentage increase of the S&P 500 Index, up to the cap. If the S&P 500 Index goes down, the account is credited at 0%. Interest is calculated and credited to each deposit one year from the date it is deposited into the indexed account.
100.00%
100.00%

No surrender charge after 5 full premium paying years and a 5 year payout.
None
Penalty is the surrender chage.
3.00%
No surrender charge upon retirement after 5 years or more after issue if the annuitant is over age 55 at retirement.


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.

Surrender Charges

Surrender Period* Surrender Percentage
1 10.00%
2 9.00%
3 8.00%
4 7.00%
5 6.00%
6 5.00%
7 4.00%
8 3.00%
9 2.00%
10 1.00%
11 0.00%

*Expressed in contract years


Exceptions to the Surrender Charge:
Death:
Yes
Other Restrictions:
Free Withdrawal: After the first contract year, surrender charges waived for partial withdrawal of up to 10% of the policy value. 5 x 5 Provision: surrender charges will be waived on amounts annuitized or systematically withdrawn for a period of a

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