Fixed Indexed Annuity

Safe Solution offers a unique combination of features that are designed to help you meet your retirement goals. It provides an opportunity for potential interest growth based on changes to the S&P 500®. In addition, since the account value grows tax deferred, your account value will accumulate faster than a taxable account. No other product type offers you the opportunity to earn upside interest based on positive changes to an index while offering the downside protection of a guaranteed minimum interest rate of 1%. 

Key Features*


 Funds may be allocated among three different crediting methods, all of which are guaranteed to earn no less than 1% the minimum guaranteed rate:

  1. Fixed Interest Account
  2. 1 Year Point-to-Point Indexed Account
  3. Annual Performance Triggered Indexed Account
  • Choice of a 5 or 7 year early withdrawal charge period
  • Penalty-Free Withdrawal Feature -  the first withdrawal in any year up to 10% of the accumulated value (10% of the single premium in year one) does not incur a withdrawal charge
  • Flexible income options
  • Available to individuals up to age 85 (18 to 85 for qualified funds)

 

 Withdrawal Charge Schedule

Policy Year

Plan     

1

2

3

4

5

6

7

8+

5 Year

9%

8%

7%

6%

5%

0%

0%

0%

7 Year

9%

8%

7%

6%

5%

4%

3%

0%

 

* Withdrawals are subject to regular income tax, and, if taken before age 591/2 , may be subject to a 10% IRS penalty. Any discussion of taxes is for general information only based on our understanding and interpretation of current tax laws. Please consult your legal or tax advisor as to tax consequences.

“S&P 500®” is a trademark of Standard & Poor’s Financial Services LLC, a division of S&P Global and has been licensed for use by SBLI USA Life Insurance Company, Inc. SBLI’s products are not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing this product.

Daily interest will be credited for the period between the date the premium is received and the date the contract is issued based on 1.5% annual effective interest rate.

This is a summary only.  The contracts contain conditions, terms, limitations and exclusions.  Contact an agent or review the contract for full details.

 

 

Product issued by SBLI USA Life Insurance Company, Inc. (New York, NY), a member of Prosperity Life Group.  Currently available only in New York (Form #FIAPSENY16).  All guarantees are subject to the financial strength and claims-paying ability of the issuing company.