1-Year Average Participation Account Now Available to In-Force Contracts!
Effective August 1st, we are happy to announce that the 1-Year Monthly Average Participation Account is available to IN-FORCE CONTRACTS ... IN STATES WHERE THE NEW ACCOUNT IS APPROVED. (Previously, the Account was available only to NEW contracts.) The new Account will be available for transfers starting on the next contract anniversary.
Now available for these products only:
MarketPower Bonus Index ("Plus" version only)
MarketValue Index ("Plus" version only)
MarketSeven Index ("Plus" version only)
MarketBooster Index
The 1-Year Average Participation Index Account is based on the monthly average of the S&P 500 over a 1-year period. A participation rate is applied to the index increase and credited annually. The participation rate may change every year, subject to a 50% minimum. There is no cap or spread on this account.
State Approvals
The list of states that have approved the new Participation Account is growing rapidly! Be sure to check State Approvals on the website before presenting this account to your client.
Marketing Materials
Marketing materials are available in PDF form on the website. "Generic" (non state-specific) materials are available in print. State-specific versions are available in PDF-form only on the website. Client-use historical charts for the new Participation Account are available on the website, at the Marketing Tools link.
Renewal Rates
Renewal rates for the 1-Year Average Participation Account now appear on the website,
found at Interest Rates >> Renewal Rates.
Notice to Contract Holder
Notice regarding the availability of the 1-Year Average Participation 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.