An efficient long-term retirement strategy
Annuity Highlights
Minimum Initial Payment
(qualified)$2000
(nonqualified)$5000
Minimum Subsequent Payment
$30
Annual Contract Fee
1.15%
(years 8+)1.00%1
Annual Administration Fee
$302
Amount Available Without Withdrawal Charge
10% 3
Declining Withdrawal Charge
|
|
| (year 1) |
6% |
| (year 2) |
6% |
| (year 3) |
5% |
| (year 4) |
5% |
| (year 5) |
4% |
| (year 6) |
3% |
| (year 7) |
2% |
|
4
|
|
Help secure your
retirement income.
If you're looking for a customizable, long-term approach toward retirement planning, consider a Venture® Variable Annuity.
Key Features
Decreasing Fees
The annual management fee is 1.15% and decreases to 1.00% in years 8+.
Diverse Portfolio Options
Select from a number of professionally managed portfolio options covering all asset classes.
Guaranteed Payments for Life
Several options help you take the guesswork out of retirement planning and enable you to receive payments for the rest of your life. The guarantees are backed by the claims-paying ability of the issuer.
Family Protection
Your beneficiaries have an additional measure of protection with your variable annuity through a standard death benefit available prior to annuitization of the contract.
Tax Deferral
Your assets grow on a tax-deferred basis. Pay no taxes on your earnings until they are withdrawn. Charges may apply to amounts taken in excess of the withdrawal amount available without a withdrawal charge during the surrender charge period. All withdrawals reduce the death benefit and optional benefits. In addition, withdrawals of taxable amounts will be subject to ordinary income tax and, if made prior to age 59½, a 10% IRS penalty tax may apply.
5
Optional Benefits
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More Information About Venture Variable Annuity
Maximum Purchase Payment
$1,000,000 without prior company approval.
Portfolio Options
11 variable portfolio options.
Maximum Issue Age
85 (owner and annuitant)
Maximum Annuitization Age
Later of age 90 or 10 years from contract issue.
Standard Death Benefit
Total of payments (reduced proportionately for withdrawals) or the value of the contract at the
time, whichever is greater.
Retirement Withdrawals
Fixed or variable annuity retirement options, including payments guaranteed for life. Guarantees are backed by the financial strength and claims-paying ability of the issuer.
Qualified Plan Availability
Available for qualified and nonqualified retirement plans.
State Availability
Venture Annuity is currently available in all states.
Venture Variable Annuity Special Features
Dollar Cost Averaging*
Use this popular strategy to help manage risk by "easing" into equity portfolios over time instead of all at once.
Rates are annualized. Interest earned will be credited on a declining balance.
Systematic investing involves continuous allocation in securities, regardless of price level fluctuation. Clients should weigh their ability to sustain payments during periods of market downturns.
*Dollar cost averaging does not assure a profit or protect against loss. Systematic investing involves continuous investment in securities regardless of price level fluctuation. Individuals should weigh their ability to sustain investments during periods of market downturns. Any fixed rates credited will be paid on a declining balance.
Income Made Easy*
A systematic withdrawal program that was specially designed to work with our Guaranteed Minimum Withdrawal Benefits. See prospectus for details.
*It is important to understand that GMWBs are optional benefits available with Venture Variable Annuity contracts and cannot be elected without purchasing the annuity contract. These benefits may not be appropriate for those individuals who do not foresee a need for liquidity and whose primary focus is tax deferral. Before considering either benefit, please make sure the annuity is suitable for your investment goals and personal circumstances.
Asset Rebalancing Program
Automatically redistributes assets among portfolio options quarterly, semiannually or annually to maintain your original asset allocation. Diversification, asset allocation or rebalancing does not guarantee a profit or protect against a loss. Please note that asset allocation may not be appropriate for everyone, particularly those interested in directing the underlying portfolio options of their annuity contract on their own. Restrictions apply. See prospectus for details.
Check Plus (Automatic Purchase)
Establish your contract with a single payment or a series of payments over time.
Transfers
You can move your assets among the numerous Venture Annuities portfolios without current income taxation. Transfer restrictions apply. See prospectus for details.