Effective September 16, 2009 we are happy to announce that the 1-Year Monthly Cap Index Account is available to IN-FORCE CONTRACTS for three index products. Previously, the Account was available only to NEW contracts. For contracts with anniversaries of September 16 or later, the account will be made available as an additional transfer option.

Available to in-force contracts of these products only:

• MarketValue Index  ("Plus" version only)
• MarketSeven Index  ("Plus" version only)
• MarketBooster Index 

The 1-Year Monthly Cap Index Account annual index increase is based on the cumulative sum of monthly capped changes in the S&P 500 Index. Monthly cap is applied each month to index gains, but index declines are not floored (e.g., negatives can be added into the cumulative total.) Annual index credits can never be less than zero. Monthly cap may reset every year, subject to a 0.50% minimum. 

State Approvals
Be sure to check the State Approvals link before presenting this account to your client.

Renewal Rates
Renewal rates for the 1-Year Monthly Cap Index Account will appear on the website beginning August 25, at Interest Rates >> Renewal Rates.

Notice to Contract Holder
Notice regarding the availability of the 1-Year Monthly Cap Index Account will be included with the pre-anniversary letter and Annual Statement.  Click here to see a copy of this notice. The applicable contract pages for the new account will also be sent to your client with the pre-anniversary letter.