A fixed deferred annuity is a contract between you and SBLI which provides tax-deferred growth on your premium payment and interest earnings, as well as other important benefits such as:
- Competitive interest crediting rates
- Access to your funds with penalty free withdrawals
- Access to funds in the case of terminal illness and other critical events
- Several options to fit your income needs if and when you choose to take income from your annuity
- Direct payment to a named beneficiary that avoids probate
An SBLI tax-deferred annuity is ideal if you:
- Prefer a safe, predictable place to put your retirement funds
- Have 'maxed-out' your 401(k) contributions
- Want to save money, tax-deferred
- Want a steady income stream for life at a later date
To learn more, click below to view our product information and current rates.
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Optimizer MVA Series Annuities |
| Markets |
Non Qualified and Qualified (Traditional and Roth IRA) |
| Type |
Single Premium |
| Issue Ages |
Owner: Ages 0-85 (Age Last Birthday) |
| Maturity |
Age 95 of the Owner's last birthday |
| Initial Deposit |
Minimum initial premium $5,000. Maximum $1,000,000 ($500,000 above age 75). Some exception apply. Contact an SBLI insurance professional for more details. |
| Additional Contributions |
None |
| Policy Fee |
None |
| Premium Load |
None |
| Interest Rates |
Initial interest rate guarantee period: one, two, three, or five years depending on product. Rates reset at the end of the initial rate guarantee period. Please contact your financial representative or a SBLI insurance professional for details. |
| Market Value Adjustment |
On Optimizer 2 MVA, Optimizer 3 MVA and Optimizer 5 MVA only. Surrenders and withdrawals made before the end of the initial interest rate guarantee period will be subject to a positive or negative Market Value Adjustment. Upon full surrender, the owner will never receive more than the contract's Accumulated Value nor less than the contract's Minimum Guarantee Cash Surrender Value as a consequence of MVA. |
| Death Benefit |
Accumulated value upon death of Owner. Please contact your financial representative or a SBLI insurance professional for details. |
| Return of Premium Guarantee |
None |
| Free Partial Surrenders |
10% of the accumulated value beginning in contract year 1 is available for all Optimizer MVA Series contracts. Required Minimum Distributions if greater than 10%. |
| Riders |
Terminal Illness, Nursing Home. Please contact your financial representative or a SBLI insurance professional for details. |
| Other Features |
Systematic withdrawals, interest-only withdrawals. 45 day rate lock on 1035 exchanges, IRA transfers and rollovers. |
| Surrender Charges |
| Year |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
| Optimizer 1 Non MVA |
9% |
8% |
7% |
6% |
5% |
0 |
0 |
0 |
| Optimizer 2 MVA |
8% |
8% |
7% |
6% |
5% |
4% |
0 |
0 |
| Optimizer 3 MVA |
9% |
8% |
7% |
6% |
5% |
4% |
0 |
0 |
| Optimizer 5 MVA |
9% |
8% |
7% |
6% |
5% |
4% |
3% |
2% |
| On Optimizers 2 MVA, 3 MVA and 5 MVA, surrender charges are applied to the sum of the Accumulated Value and the Market Value Adjustment. On the Optimizer 1 Non MVA, surrender charges are applied to the Accumulated Value. |
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| Free Look Period |
At least 10 days. State specific rules may apply. |
| Income Payment Options |
Life Income with Period Certain of 5 (available for ages 90-95 only), 10, 15, or 20 years. Period certain (10 - 30 years).
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| State Availability |
Click here for state availability. |
For a deferred annuity illustration, please contact an SBLI insurance professional now by clicking the “Talk now” link above.