Index Select Annuity 7
Standard
9.25%
Best Cap
10%
Free W/D
50
States
An indexed annuity that lets you capture upside from the S&P 500 while protecting your principal from market downturns. Designed for conservative investors seeking growth with guaranteed downside protection.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$15,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| S&P 500 Index | Annual | 9.25% | 100% | -- |
| Fixed Account | Daily | -- | -- | 4.5% |
Key Features
Downside Protection
Your account never participates in index losses; you only benefit from gains.
Participation Rate Option
Customizable by investorEarn a percentage of the index's annual growth; you keep that percentage each year regardless of how high the index rises.
Rate Cap Option
10.25% example rateEarn the full index return up to a maximum annual percentage cap; limits upside but provides certainty.
Guaranteed Minimum Accumulation Benefit (GMAB)
107% of premium at year 7Your annuity value is guaranteed to reach at least 107% of your net premium after 7 years; company makes one-time adjustment if needed.
Penalty-Free Withdrawals
10% annual free withdrawalAccess up to 10% of your account annually without surrender charges after the first contract year.
Surrender Charge Schedule
9.4% to 3.5% over 7 yearsDeclining surrender charges if you withdraw more than the free amount; decreases from 9.4% year 1 to 3.5% year 7.
Market Value Adjustment
Your surrender value adjusts based on interest rate changes; can increase value if rates have risen since purchase.
Waived Charges for Life Events
Surrender charges waived for death, annuitization, nursing home residency, terminal illness, and required minimum distributions.
Highlights
Participate in S&P 500 growth while protection against market losses is guaranteed
Flexible crediting options: choose between participation rate or rate cap to match your investment style
Guaranteed Minimum Accumulation Benefit ensures your money reaches 107% of your premium after 7 years
Penalty-free annual withdrawals of up to 10% after year one for liquidity when you need it
Market value adjustment feature can increase your surrender value if interest rates rise
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%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Conservative to moderate investors age 50+ who want stock market upside without the risk of principal loss, stable income planning, and protection of wealth.
Consider Alternatives If
Investors seeking aggressive growth, those who may need full access to funds within 7 years, or anyone uncomfortable with liquidity restrictions.
Carrier Ratings
Free Comparison Report
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