DISCONTINUED PRODUCT - Product not available to new enrollees.
Expanding Horizon 4
Product ID: 159
Type:
Fixed Annuity
Discontinued 
1%
AM Best:
Moody's:
S&P:
15 Years / 14.00%
Yes
Roth Eligible
Add to Compare
Add to Compare
Add to Favorites
Add to Favorites
Set as My Product
Set as My Product
E-mail: 
Address: - Product Details
- Fees and Charges
Marketed under the name Expanding Horizon 4, this fixed annuity offer a 4% premium bonus in the first four contract years. The company offers free access each year to 10% of premium not previously withdrawn. A 14-year surrender charge scale from date of each premium receipt applies otherwise. All surrender charges end at the fourteenth contract anniversary.
Select the topics below to expand and view additional product details
Loans against the account value are available starting at issue of the policy. The minimum loan amount required is $500. The maximum loan amount is limited by (1) Internal Revenue Code limits, or (2) $50,000, or (3) 50% of the surrender value. You must repay the loan within five years unless the loan is to be used to acquire or build a dwelling unit that will be used as principal residence, in which case the repayment period can be as long as 25 years, subject to a minimum quarterly repayment of $250. The term of the loan cannot extend beyond age 70.
The company provides for the payment of Internal Revenue Code Required Minimum Distributions based on the value of this contract. Surrender charges would not apply.
Yes
The company provides (1) Joint with 50% to the Survivor, (2) Joint with 67% to the Survivor, and (3) Joint with 100% to the Survivor. This option can be elected anytime after the first anniversary of the contract. Surrender charges would not apply when this option is selected. Once annuity payments have begun, this option cannot be changed. Annuity payments cease upon the death of both annuitants.
The company provides a lifetime income on the life of one individual. This option can be elected anytime after the first anniversary of the contract. Surrender charges would not apply when this option is selected. Once annuity payments have begun, this option cannot be changed. Annuity payments cease upon the death of the annuitant.
The company provides a lifetime income on the life of one individual. A Period Certain of 10, 15 or 20 years can be selected. This option can be elected anytime after the first anniversary of the contract. Surrender charges would not apply when this option is selected. Once annuity payments have begun, this option cannot be changed. Upon the death of the annuitant before the end of the Period Certain, annuity payments would continue to be made to the beneficiary until the end of the selected Period Certain.
The company provides a lifetime income on the life of one or two individuals whereby a refund of the original consideration less payments made to-date is guaranteed. This option can be elected anytime after issue of the contract. Surrender charges would not apply when this option is selected. Once annuity payments have begun, this option cannot be changed. Upon the death of the annuitant(s), payments will continue to the beneficiary until the refund amount is exhausted.
The company provides a lump sum option. This is in essence a surrender of the contract. This option can be elected anytime after issue of the contract. Surrender charges would apply when this option is selected.
The company provides a Period Certain settlement option whereby the annuitant can select payments to be made for a specified period of time. The specified period can be as short as ten years if the payments extend beyond the 14th contract anniversary, and as long as 30 years. This option can be elected anytime after the first anniversary of the contract. Surrender charges would not apply when this option is selected. Once annuity payments have begun, this option can be changed. If a lump sum is requested after annuity payments have begun, any applicable surrender charges would apply. Upon the death of the annuitant, any remaining annuity payments would be made to the beneficiary.
Additional Bonus Credit
The contract provides a premium bonus of 4% in the first four contract years as shown below. The contractual guaranteed interest rate is determined at contract issue and is 1.00% for issues from 1/1/12 through 6/30/14.
| Investment Year | Bonus Rate |
|---|---|
| 1 | 4% |
| 2 | 4% |
| 3 | 4% |
| 4 | 4% |
These rates may change without notice. Contact your provider for the most current rates.
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
|
|
$100.00 | At the time of loan origination | Flat Dollar Amount | No | No | Yes |
Surrender Charges
| Surrender Period* | Surrender Percentage |
|---|---|
| 1 | 14.00% |
| 2 | 13.00% |
| 3 | 12.00% |
| 4 | 11.00% |
| 5 | 10.00% |
| 6 | 9.00% |
| 7 | 8.00% |
| 8 | 7.00% |
| 9 | 6.00% |
| 10 | 5.00% |
| 11 | 4.00% |
| 12 | 3.00% |
| 13 | 2.00% |
| 14 | 1.00% |
| 15 | 0.00% |
*Expressed in contract years
Surrender Penalty Charge assessed on a "rolling" basis:
The surrender charge scale is on a 'rolling' basis. Each premium has its own 14-year scale as shown above. The surrender charge percents are applied to premium withdrawn. All surrender charges end at the 14th contract anniversary.
Exceptions to the Surrender Charge:
Other Restrictions:
Exceptions to the Surrender Charge:
Percent of purchase payments:
10.00%
Death:
Yes
Disability:
Yes
All surrender charges end at the 14th contract anniversary. Surrender charges do not apply to Required Minimum Distributions.
