Product Details



  Return to Compare Products


DISCONTINUED PRODUCT - Product not available to new enrollees.

NEA Valuebuilder® Variable Annuity
Product ID: 24

Vendor:
Security Benefit
Type:
Variable Annuity 
Discontinued Discontinued


$251
1.16%
8 Years / 7.00%
Yes
Roth Eligible





The NEA Valuebuilder Variable Annuity is available to NEA members for purchase under a 403(b) plan or IRA. NEA Valuebuilder provides various rider options and more than 60 investment options managed by nearly 20 different investment managers so you and your advisor can develop an investment program designed to met your needs.

Select the topics below to expand and view additional product details


Asset allocation models are available though the Morningstar Target Portfolios and Morningstar Guidance Online programs, servuces available to plan participants.
Portfolio rebalancing is available monthly, quarterly and annually. (see prospectus for details)
Minimum amount is $25, allowed from any fund (see prospectus for details)

One loan permitted at a time. No more than two loans may be initiated during a 12 month period. Loan amounts are transferred to the fixed account.

Yes
refer to prospectus
refer to prospectus
refer to prospectus
refer to prospectus
refer to prospectus
refer to prospectus
Yes

A purchase payment bonus is available by optional rider. You may select a purchase payment bonus of 3%, 4% or 5% of payments made during the first contract year. (see prospectus for details).


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

0.15% Annually Percentage of Annual Assets No No No

$30.00 Annually Flat Dollar Amount No Yes No
Breakpoint
This fee is waived if contract value is greater than $50,000 on the date the fee is deducted

2.50% Annually Percent of Outstanding Loan Balance No No No

0.90% Annually Percentage of Annual Assets No Yes No
Breakpoint
This fee is 0.75% for contracts with a value greater than $25,000

Surrender Charges

Surrender Period* Surrender Percentage
1 7.00%
2 7.00%
3 6.00%
4 5.00%
5 4.00%
6 3.00%
7 2.00%
8 0.00%

*Expressed in contract years


Surrender Penalty Charge assessed on a "rolling" basis: The amount of the charge will depend on how long your purchase payments have been held under the Contract. Each purchase payment you make is considered to have a certain "age," depending on the length of time since the purchase payment was effective.
Exceptions to the Surrender Charge:
Percent of contract value:
10.00%
Death:
Yes
Other Restrictions:
nursing home, disability, terminal illness, financial hardship, 10-year cliff and age 59 1/2 and 5 years surrender charge waivers are avaiable by optional riders

Subaccounts


Fixed Investment Options

Variable Investment Options


add to Compare Compare

Compare up to 3 products
Compare up to 3 products
Product Name
Type

()
  Add to Favorites In Favorites Remove from List


add to Favorites Favorites

There are currently no favorites
10 maximum per product type
Product Name
Type

()
  Add to Favorites In Favorites Remove from List