We would like to take this opportunity to inform you that as of December 21, 2020, we launched enhancements to the SecureFore product suite. Here are some of the key highlights:
- 10% (of premium) as a free withdrawal amount in contract year 1
- No changes to free withdrawals starting in year 2
- Premium Banding
- Crediting rates may vary based on premium level:
- Under $100,000
- $100,000 and above
- Crediting rates may vary based on premium level:
- New Plan Type: Non-Qualified Stretch
- Maximum issue age of 75
- Systematic withdrawal program (life expectancy option) required
- New CUSIP
There will be one new CUSIP for the SecureFore product which will apply to the 3 & 5 year withdrawal charge periods. This CUSIP will apply to new business only and does not impact any in-force contracts.