DISCONTINUED PRODUCT - Product not available to new enrollees.
FIT Rewards Growth
Product ID: 262
Type:
Equity Indexed Annuity
Discontinued 
1%
AM Best:
Moody's:
S&P:
9 Years / 8.25%
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
Flexible premium indexed annuity with a 5% immediate interest credit on contributions made in the first 8 policy years.
Select the topics below to expand and view additional product details
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.
Full Cash value paid in a single sum on the annuity date.
Equal monthly payments for the numbers of years selected.
| Investment Year | Bonus Rate |
|---|---|
| 1 | 5% |
| 2 | 5% |
| 3 | 5% |
| 4 | 5% |
| 5 | 5% |
| 6 | 5% |
| 7 | 5% |
| 8 | 5% |
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
Barclays Low Volatility 5, Bank of America Merrill Lynch GPA
Barclays Low Volatility 5, Bank of America Merrill Lynch GPA
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 and threshold. In either case both have a minimum (the Floor).
The floor is the minimum interest rate that can be credited to an Indexed Account during an Indexed Account year. The floor is declared annually in advance and can never be less than zero percent.
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%.
1.5%
Contribution Anniversary
100.00%
Contribution Anniversary
The minimum term is 10 years but must start at least 5 years after issue to avoid surrender charges.
The minimum term for annuitization is 10 years and may start at anytime.
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.
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 | 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 distribution under Emergency Access Waiver
