Palladium Multi-Year Guarantee Annuity Update Effective 9/01/2020:
- New $250,000 and higher rate band that adds 25 bps to the base crediting rate for all years.
- Maximum issue age increased to age 90
- 10% free withdrawals will be available in year 1 (excluding CA and NY; will be interest-only in year 1 then 10% thereafter)
- Terminal Illness Surrender Charge Waiver is now available in most states
- Updated to be Owner-driven for payout and commissions
- Maturity date has been extended to age 100
- Updated Market Value Adjustment (MVA) Formula
To get help with new illustrations or for more information, call 800-568-5667 or email us at [email protected]
- August 4, 2020
- Brad Neves
- Announcement, Annuity
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