Penalty-Free Amount: Interest-only (cumulative) withdrawals can be taken each year without a surrender charge. Monthly interest withdrawal options can also be set up after the first month.
After the initial 3-year guarantee period ends, you have a 30-day window to withdraw, transfer, or renew the entire account value with zero surrender charges or Market Value Adjustments (MVA).
Surrender Charges: Withdrawals exceeding the free interest amount during the 3-year term face early surrender penalties starting at 9% in year 1, 8% in year 2, and 7% in year 3 (declining to 0% after year 3). Market Value Adjustment (MVA): An MVA applies to withdrawals above the free withdrawal amount during the surrender period, which can adjust the payout higher or lower depending on interest rate changes since the policy was issued.
Special Waivers: Surrender penalties are waived upon death (beneficiaries receive the full accumulation value), and nursing home and terminal illness riders are included at no extra cost.
Disclaimer: Rider deductions offered on some products. Rates may vary with certain states. Some products not available in certain states (refer to carrier product state availability grid)
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