Product Simplification for Fixed Annuities Effective 11/06/2023
Effective November 6, 2023, the following product updates will be made to simplify our fixed annuity product suite and align requirements where appropriate.
- Minimum Purchase Payment amounts across our fixed annuity products will be set at $25,000. Applications for products that had lower Purchase Payment Minimums will be honored through the transition period detailed below.
- Maximum Issue Ages will be lowered to age 85 on select 7-year fixed annuity products.