Index Select Annuity 10
Standard
8.75%
Best Cap
10%
Free W/D
49
States
An indexed annuity that lets you benefit from S&P 500 growth while protecting you from market losses. It's designed for conservative investors who want upside potential without downside risk.
Free Withdrawal
10%/yr
Available In
49 states
Min Premium
$15,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| S&P 500 Index | Annual | 8.75% | 100% | -- |
| Fixed Account | Daily | -- | -- | 4.5% |
Key Features
Participation Rate Option
Customizable rate; example shows 49%You earn a percentage of the index's annual growth. For example, with a 49% participation rate, if the S&P 500 gains 10%, you earn 4.9%.
Rate Cap Option
10.25% cap in exampleYou earn interest based on index growth, but your gains are capped at a maximum percentage each year. For example, with a 10.25% cap, your earnings never exceed 10.25% annually.
Guaranteed Minimum Accumulation Benefit (GMAB)
110% of net premium at 10 yearsIf your account value after 10 years is less than 110% of your initial investment, the insurance company makes a one-time adjustment to reach that guarantee.
Downside Protection
0% minimum annual returnWhen the S&P 500 declines, your account earns 0% interest that year but never goes negative. You never experience losses from index downturns.
Surrender Charge Schedule
9.4% declining to 0.5% over 10 yearsWithdrawals during the first 10 years may incur charges, starting at 9.4% in year 1 and declining to 0.5% in year 10.
10% Annual Withdrawal Waiver
10% annual free withdrawalAfter the first contract year, you can withdraw up to 10% of your account value each year without a surrender charge.
Market Value Adjustment
Applied to surrenders with chargesWhen you withdraw during the surrender charge period, a market value adjustment is applied to reflect current interest rates. It can increase or decrease your surrender value.
Highlights
Grow your money with S&P 500 index gains while never experiencing losses when the market declines
Choose between a participation rate (you get a percentage of index gains) or a rate cap (gains up to a maximum percentage)
Guaranteed Minimum Accumulation Benefit ensures your account reaches 110% of what you invested after 10 years
Flexible access to your money with a 10% annual withdrawal waiver and declining surrender charges over 10 years
Downside protection built in—your account value never goes down due to index losses
Surrender Schedule
Yr 1
9.4%
Yr 2
8.5%
Yr 3
7.5%
Yr 4
6.5%
Yr 5
5.5%
Yr 6
4.5%
Yr 7
3.5%
Yr 8
2.5%
Yr 9
1.5%
Yr 10
0.5%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Conservative investors nearing or in retirement who want to participate in stock market growth but cannot tolerate the risk of losses.
Consider Alternatives If
Investors who need short-term access to their money or require flexibility to withdraw without surrender charges during the 10-year crediting period.
Carrier Ratings
Free Comparison Report
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See year-by-year projections for your specific age, premium, and income goals.
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