ChoiceFour Minimum Interest Rate Reduced
ChoiceFour annuity contracts with effective dates (money received) of January 1, 2021 or later will be subject to a lower minimum interest rate.
This does not impact rates for new money; see current rates below.
Contracts issued on or before December 31, 2020 will have a minimum interest rate of 2%; on or after January 1, 2021, the minimum interest rate will be 1%.
ChoiceFour Annuity offers a one-year rate – reset annually. At the end of either the 6- or 9-year surrender period, the contract is fully liquid at the current accumulation value, and continues earning tax-deferred interest; no surrender charges.