There are two Index Frontier Pro contracts to choose from: the Index Frontier 5 Pro and the Index Frontier 7 Pro.
The Index Frontier 5 Pro has a contract fee that is deducted daily from each strategy and compounds to an effective annual rate of 0.50%. The Index Frontier 7 Pro has a contract fee that is deducted daily from each strategy and compounds to an effective annual rate of 1.00%.
The Index Frontier 5 Pro has a 5-year early withdrawal charge schedule, and the Index Frontier 7 Pro has a 7-year early withdrawal charge schedule. During those first 5 or 7 contract years, depending on which contract you choose, an early withdrawal charge is applied to surrenders and withdrawals that exceed the 10% penalty-free amount. The amount of an early withdrawal charge is determined according to the schedule below, and is based on the contract year in which the withdrawal is made.
Index Frontier 5 Pro
Contract Year |
1 |
2 |
3 |
4 |
5 |
6+ |
Early withdrawal Charge |
8% |
7% |
6% |
5% |
4% |
0% |
Index Frontier 7 Pro
Contract Year |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8+ |
Early withdrawal Charge |
9% |
8% |
7% |
6% |
5% |
4% |
2% |
0% |
While the Index Frontier 7 Pro has a longer early withdrawal charge period than the Index Frontier 5 Pro, it also has higher caps, meaning greater earning potential.
See your prospectus for information about exceptions that may allow you to take a withdrawal without an early withdrawal charge.
You can purchase an Index Frontier Pro annuity with an initial purchase payment of $25,000 or more. You can add to your annuity during the first two contract months with additional purchase payments of at least $10,000. For the purposes of this tool, please enter a single, one-time purchase payment. This tool will not reflect the impact that additional purchase payments may have on the account value.