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Annuity Product Information for
Fort Dearborn Life |
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According to recent studies, the average American is expected to live longer than ever before. Employer-provided retirement plans and social security may not provide enough financial security as the cost of living continues to rise. Fort Dearborn Life's Annuity products are designed to protect you from outliving your retirement savings and meet your long-term income needs.
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Wealth Fortifier Series® and Wealth Fortifier Series® MVA II
A single-premium, fixed annuity offering varying interest rate guarantee periods of 4, 5, 6, 7 and 9 years.
- 1st year additional interest rate on some products
- 10% Withdrawal Option* after first year or monthly interest ($100 minimum) available 1st and every year
- Issue ages 0 - 85
- Surrender Charges for 9 years - 8, 8, 7, 6, 5, 4, 3, 2, 1 (Does not apply to the 30 day window at the end of the initial rate guarantee periods)
- Full account value Death Benefit
- Nursing Home/Terminal Illness Waiver of Surrender Charges (waiting period applies - not available in all states)
- The Minimum Interest Rate Guarantee will range between 1% and 3%, the rate is set at the time of purchase and is guaranteed never to change for the life of the contract
Classic Fortifier™  Available February 1, 2008, a new classic from Fort Dearborn Life.
A flexible premium deferred annuity accepting multiple premiums throughout the first year with an interest rate bonus and a "bailout" feature.
- Flexibility to add premiums in the first 12 months
- All premium payments are subject to the same surrender charge schedule
- Interest rate bonus on all premium payments
- Issue ages 0 - 90
- Surrender charges for 5 years - 7, 7, 7, 6, 5
- Nursing Home/Terminal Illness Waiver of surrender charges (waiting period applies - not available in all states)
- Bailout Feature - if your renewal rate is less than the "bailout" rate, you may make a full or partial surrender of the contract within 30 days after the contract anniversary without incurring surrender charges
- Full account value death benefit
Platinum Fortifier®
A single-premium fixed annuity offering an annual renewal rate set by the company and a first year additional interest rate.
- 10% Withdrawal Option* after first year or monthly interest ($100 minimum) available 1st and every year
- Issue ages 0 - 90
- Surrender Charges for 7 years - 9, 9, 8, 7, 6, 5, 4
- Death Benefit is equal to the Account Value, minus any prior surrenders and taxes, if applicable
- Nursing Home/Terminal Illness Waiver of Surrender Charges (waiting period applies - not available in all states)
- The Minimum Interest Rate Guarantee will range between 1% and 3%, the rate is set at the time of purchase and is guaranteed never to change for the life of the contract
Index Fortifier Series®
These products provide interest crediting linked to the performance of the S&P 500® Index.
- Multiple surrender charge periods available
- 1st year additional interest product available
- After the first year, you can withdraw a specified percentage of your prior anniversary contract value, surrender charge free
- Issue ages 0 - 70 and 0 - 85
- Minimum Guaranteed Surrender Value
- Death Benefit is the greater of contract value or the Minimum Guaranteed Surrender Value*
- Nursing Home/Terminal Illness Waiver of Surrender Charges (waiting period applies - not available in all states)
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Annuity Product Information for
Fort Dearborn Life |
|
|
According to recent studies, the average American is expected to live longer than ever before. Employer-provided retirement plans and social security may not provide enough financial security as the cost of living continues to rise. Fort Dearborn Life's Annuity products are designed to protect you from outliving your retirement savings and meet your long-term income needs.
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