FIT Secure Growth
Product ID: 261
Type:
Equity Indexed Annuity
1%
AM Best:
Moody's:
S&P:
9 Years / 8.25%
Yes
Roth Eligible
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Enrollment and Questions
Use the following contact information to enroll or ask questions.
E-mail:
Address:
Website:
Phone:
(800) 906-3310
E-mail:
Address:
15455 Dallas Parkway
Suite 800
Addison, TX 75001
Suite 800
Addison, TX 75001
In-person:
Questions about enrollment?
View the Contact Information tab on the Vendor Details page for a list of office locations.
View the Contact Information tab on the Vendor Details page for a list of office locations.
- Product Details
- Fees and Charges
Flexible Premium Indexed Annuity focused on accumulation for long term savers.
Select the topics below to expand and view additional product details
Death benefit is the accumulation value of the policy.
Available for 403(b), subject to IRC and plan document rules. Loans must not exceed the lesser of $50,000 or one-half of total Cash Value. Interest earned on loaned amounts is credited at the same rate that is applied to unloaned amounts. The rate of interest charged for the loan is based on the published monthly average of the Moody's Corporate Bond Yield Average. Personal loans must be repaid within 5 years, while loans to acquire a home may be repaid over a longer period. Level quarterly payments are required.
As available by plan document.
Required Minimum Distribution mandated by the IRC and which must begin at age 70 ½ or by the April 15th of the year following attainment of age 70 ½.
Yes
Riders are amendments to the annuity contract that typically add to your costs. make sure you inquire about any additional costs. The following riders exist for this product:
Emergency Access Waiver :
For a withdrawal from a policy currently in 403(b) or 457(b) status, we will waive Withdrawal Charges and Market Value Adjustment due to certain qualifying events under the Emergency Access Waiver. There is no cost for this benefit. Withdrawals that are Plan/TPA approved 403(b) Hardship or 457(b) Unforeseen Emergency distributions: • After the first Policy Year, Withdrawal Charges are waived for the withdrawal of up to 100% of the Accumulation Value Withdrawal that are made after the participant has separated from service or become disabled: • After the first Policy Year, Withdrawal Charges are waived for the withdrawal of up to 20% of the Accumulation Value • After the fourth Policy Year, Withdrawal Charges are waived for the withdrawal of up to 100% of the Accumulation Value
For a withdrawal from a policy currently in 403(b) or 457(b) status, we will waive Withdrawal Charges and Market Value Adjustment due to certain qualifying events under the Emergency Access Waiver. There is no cost for this benefit. Withdrawals that are Plan/TPA approved 403(b) Hardship or 457(b) Unforeseen Emergency distributions: • After the first Policy Year, Withdrawal Charges are waived for the withdrawal of up to 100% of the Accumulation Value Withdrawal that are made after the participant has separated from service or become disabled: • After the first Policy Year, Withdrawal Charges are waived for the withdrawal of up to 20% of the Accumulation Value • After the fourth Policy Year, Withdrawal Charges are waived for the withdrawal of up to 100% of the Accumulation Value
Equal monthly payments made during the joint lifetime of two persons and the remaining lifetime of the survivor.
Equal monthly payments for the lifetime of the Annuitant. Payments stop when the Annuitant dies.
Equal monthly payments made for a certain period (i.e., 10 years, 20 years) and then for as long as the Annuitant is alive.
Equal monthly payments until LSW has paid the amount applied and then for as long as the Annuitant is alive.
Available with IRS qualifying event
Equal monthly payments for a specified amount of years.
These rates may change without notice. Contact your provider for the most current rates.
1.00%
Point-to-Point
Declared Rate
Declared Rate
S & P 500
Societe Generale Global Balanced Index, PIMCO US Fundamental Balanced Index
Societe Generale Global Balanced Index, PIMCO US Fundamental Balanced Index
Point-to-Point- Compares the % change in the Index from the beginning index value to the ending index value 12 months later. This % change, based on the index selected, is subject to either a participation rate and cap or a participation rate. In either case both have a minimum (the Floor).
0
The cap is the maximum interest rate that may be applied to an Index Account. The cap is reset annually on the Index anniversary of each premium and is guaranteed for at least 12 months. The minimum cap is 1.00%.
100.00%
Contribution Anniversary
Surrender charges are applied to the amount of the Accumulation Value that is annuitized to the extent that the annuitized portion exceeds amounts that may be available for withdrawal without the imposition of withdrawal charges. MVA is also assessed.
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
|
|
1.00% | Annually | Percentage of Annual Assets | Yes | No | Yes |
Surrender Charges
| Surrender Period* | Surrender Percentage |
|---|---|
| 1 | 8.25% |
| 2 | 8.00% |
| 3 | 7.00% |
| 4 | 6.00% |
| 5 | 5.00% |
| 6 | 4.00% |
| 7 | 3.00% |
| 8 | 2.00% |
| 9 | 1.00% |
*Expressed in contract years
Exceptions to the Surrender Charge:
Other Restrictions:
Percent of contract value:
10.00%
Death:
Yes
Qualifying distributions under the Emergency Access Waiver
