Big Enhancements to North American Charter® Plus 10 & 14 Fixed Index Annuities
Up to 25% total premium bonus2 now available on Charter Plus. We are excited to announce we recently added a NEW optional enhanced bonus rider (EBR) that allows for an additional premium bonus percentage on top of the base premium bonus on any premiums received in the first three contract years (for a charge)3,4.
Plus – new Barclays Transitions Indices.
EBR may not be available in all states. Index selection may vary by state.
2. Premium bonus may vary by annuity product, premium band and surrender charge period selected and may be subject to a premium bonus recapture. Products that have premium bonuses may offer lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins than products that don’t offer a premium bonus. Over time and under certain scenarios the amount of the premium bonus may be offset by the lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins.
3. EBR can only be elected at product issue. Rider charge is 0.95% of accumulation value at each contract anniversary during the surrender charge period. This rider charge is considered a penalty-free withdrawal, and does not reduce the penalty-free withdrawal available to you. The rider charge, under certain scenarios, may result in loss of premium.
4. Maybe subject to premium bonus recapture