04/14/2026 | Press release | Distributed by Public on 04/14/2026 08:20
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GLOSSARY
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2
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UPDATED INFORMATION ABOUT YOUR CONTRACT
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4
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KEY INFORMATION
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5
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APPENDIX - ALLOCATION OPTIONS AVAILABLE UNDER THE CONTRACT
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A-1
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IMPORTANT INFORMATION YOU SHOULD CONSIDER
ABOUT THE TRUSTAGE™ ZONECHOICE ANNUITY
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FEES, EXPENSES, AND ADJUSTMENTS
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Location in
Prospectus
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Are There Charges
or Adjustments for
Early Withdrawals?
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Yes. If you surrender your Contract or take a withdrawal
during the first six Contract Years, you may pay a Surrender
Charge on the amount withdrawn in excess of the Annual
Free Withdrawal Amount.
•For Contracts issued on or before May 25, 2023, the
Surrender Charge is up to 9%. For example, if you were
to surrender your Contract during the first Contract Year,
you could pay a surrender charge of up to $8,100 on a
$100,000 investment.
•For Contracts issued after May 25, 2023, the Surrender
Charge is up to 8%. For example, if you were to
surrender your Contract during the first Contract Year,
you could pay a surrender charge of up to $7,200 on a
$100,000 investment.
Your loss will be greater if there is a negative Interest
Adjustment, negative Equity Adjustment, income taxes, or an
additional tax.
If you surrender your Contract or take a withdrawal from any
Allocation Option on any day other than every sixth Contract
Anniversary, we will apply an Interest Adjustment (which may
be positive or negative) to the amount being withdrawn that is
in excess of the Annual Free Withdrawal Amount.
If you surrender your Contract or take a withdrawal from a
Risk Control Account before the expiration of an Interest
Term, we will apply an Equity Adjustment (which may reflect a
positive or negative return) to the amount being withdrawn
and will reduce the Crediting Base proportionally.
A negative Equity Adjustment or negative Interest Adjustment
could result in the loss of your principal and previously
credited interest, regardless of the Allocation Option to which
you allocated Contract Value. In extreme circumstances,
such losses could be as high as 100% of your Contract Value
($100,000 of a $100,000 investment).
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Fee Table
Charges and
Adjustments
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Are There
Transaction
Charges?
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No.
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Are There Ongoing
Fees and
Expenses?
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Yes. There is an implicit ongoing fee on the Risk Control
Accounts to the extent that the Cap Rate or Participation
Rate limits your participation in Index gains.
This means your returns may be lower than the Index's
returns; however, in exchange for accepting limits on Index
gains, you receive some protection from Index losses through
the Floors and Buffers.
Please refer to your Data Page for information about the
specific implicit fees you will pay each year based on the
options you have elected.
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Fee Table
Charges and
Adjustments
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RISKS
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Location in
Prospectus
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Is There a Risk of
Loss from Poor
Performance?
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Yes. You can lose money by investing in the Contract,
including loss of principal and previously credited interest,
due to negative Index performance.
There is a risk of loss of principal and previously credited
interest of up to the Floor (a maximum loss of 10% with a
Floor of -10%) each Interest Term due to negative Index
performance.
There is a risk of loss of principal and previously credited
interest of up to the amount of any negative Index
performance that exceeds the Buffer (a maximum loss of
90% with a Buffer of -10%) each Interest Term due to
negative Index performance.
During the life of your Contract, the Declared Rate
Account and a Risk Control Account with a 0% Floor will
always be available. Otherwise, we may add, change, or
discontinue Allocation Options and Indices from time to
time. The remaining Allocation Options may have terms
that are unacceptable to you and may not provide any
protection from Index losses, which could result in the
loss of the entire amount of your Contract Value.
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Principal Risks of
Investing in the
Contract
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Is this a Short-Term
Investment?
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No. The Contract is not a short-term investment and is not
appropriate if you need ready access to cash. The benefits of
tax deferral mean that the Contract is more beneficial if you
have a long time horizon.
Withdrawals and surrenders may be subject to a Surrender
Charge, an Interest Adjustment (which may be positive or
negative), an Equity Adjustment (which may be positive or
negative), and federal and state income taxes, and, if taken
before age 59½, a 10% additional tax. Withdrawals will also
reduce the Death Benefit and Contract Values, perhaps by
significantly more than the amount of the withdrawal.
At least two weeks before the end of an Interest Term, you
will be notified of the available Allocation Options to which
you may transfer maturing Contract Value. The new
Allocation Options may have different Interest Terms and
Crediting Strategies than what was previously available. If we
do not receive transfer instructions by Authorized Request at
least one Business Day before the end of the current Interest
Term, we will apply the maturing Contract Value to a new
Interest Term of the same Allocation Option. If the same
Allocation Option is not available, we will apply the value to
the Declared Rate Account. Values applied to the Declared
Rate Account may earn a lower return than they would have
earned in the discontinued Risk Control Account.
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Principal Risks of
Investing in the
Contract
Charges and
Adjustments
Federal Income
Tax Matters
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What Are the Risks
Associated with the
Allocation
Options?
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An investment in the Contract is subject to the risk of poor
investment performance and can vary depending on the
performance of the Allocation Options available under the
Contract. Each Allocation Option, including the Risk Control
Accounts and the Declared Rate Account, has its own unique
risks. You should review the Allocation Options carefully
before making an investment decision.
The Cap Rate and Participation Rate may limit positive Index
returns. For example, if the Index performance is 12%, and
the Cap Rate is 4%, we will credit 4% in interest at the end of
the Interest Term. If the Index Return is 15% and the
Participation Rate is 10%, the Company will credit 1.50%
(i.e., 15% x 10%). You may earn less than the Index
performance as a result.
The Floor and Buffer will limit negative Index performance
and thereby provide limited protection in the case of a market
decline. For example, if the Index performance is -25% and
the Floor is -10%, we will credit -10% at the end of the
Interest Term. If the Index performance is -25% and the
Buffer is -10%, we will credit -15% at the end of the Interest
Term.
Except for the Barclays Risk Balanced, each Index
associated with the Risk Control Accounts is a "price return
index," which means the Index performance does not include
dividends paid on the securities comprising the Index. This
will reduce Index performance and will cause the Index to
underperform a direct investment in the underlying securities.
The Barclays Risk Balanced Index reinvests dividends but
deducts certain fees. These deductions will reduce Index
performance, and the Index will underperform similar
portfolios from which these fees and costs are not deducted.
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Principal Risks of
Investing in the
Contract
Risk Control
Account Options
Appendix A
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What Are the Risks
Related to the
Insurance
Company?
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An investment in the Contract is subject to the risks related to
the Company. Any obligations (including under the Declared
Rate Account and the Risk Control Accounts), guarantees
(such as the Death Benefit), or benefits are subject to the
Company's claims-paying ability. More information about the
Company, including its financial strength ratings, is available
upon request by calling 1-800-798-5500.
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Principal Risks of
Investing in the
Contract
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RESTRICTIONS
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Location in
Prospectus
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Are There
Restrictions on the
Allocation
Options?
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Yes, as described below there are restrictions on certain
features of allocations, transfers, withdrawals, and investment
option features.
The availability of Allocation Options, Contract benefits, and
other Contract features described in this Prospectus may
vary by state and depending on the broker-dealer through
which the Contract is sold.
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Appendix B
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Allocations. Each Allocation Option is available on the
Contract Issue Date and at the end of the Interest Term. For
example, after the Contract Issue Date, an Allocation Option
with a one-year Interest Term is available every Contract
Anniversary, whereas an Allocation Option with a six-year
Interest Term is available every sixth Contract Anniversary. If
we add an Allocation Option, you will not be able to allocate
your Contract Value to the new Allocation Option until the
start of the next available Interest Term for that Allocation
Option. Additionally, the six-year Interest Term is unavailable
as a reallocation option if the Income Payout Date is less
than six years from the start of the Interest Term.
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Allocating Your
Purchase Payment
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Changes to Investment Options and Features. We may
set a new Cap Rate or Participation Rate for a subsequent
Interest Term. We will notify you of any new rates at least two
weeks before the end of the current Interest Term.
During the life of your Contract, the Declared Rate
Account and a Risk Control Account with a 0% Floor will
always be available. Otherwise, we may add, change, or
discontinue Allocation Options and Indices from time to
time. The remaining Allocation Options may have terms
that are unacceptable to you and may not provide any
protection from Index losses, which could result in the
loss of the entire amount of your Contract Value.
If there is a delay between the date we remove an Index for a
Risk Control Account and the date we add a substitute Index,
your Risk Control Account Value will be based on the value of
the Index on the date the Index ceased to be available, which
means market changes during the delay will not be used to
calculate the index interest.
We may change, discontinue, or establish restrictions on Flex
Transfers, including limitations on the number, frequency, or
amount of Flex Transfers, at any time.
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Risk Control
Account Options
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Are There any
Restrictions on
Contract Benefits?
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Yes. Systematic Withdrawals may be taken on a monthly,
quarterly, semi-annual, or annual basis. The withdrawals
must be at least $100 each. There are additional limitations
on the amounts that you may request and the timing for
requesting and terminating Systematic Withdrawals. The
Equity Adjustment, Interest Adjustment, and Surrender
Charge may apply.
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Benefits Available
under the Contract
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TAXES
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Location in
Prospectus
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What Are the
Contract's Tax
Implications?
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You should consult with a tax professional to determine the
tax implications of the Contract. There is no additional tax
benefit if you purchase the Contract through a qualified
retirement plan or individual retirement account (IRA).
Withdrawals from the Contract are subject to ordinary income
tax, and may be subject to a 10% additional tax if taken
before age 59½.
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Federal Income
Tax Matters
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CONFLICTS OF INTEREST
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Location in
Prospectus
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How Are
Investment
Professionals
Compensated?
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Some investment professionals (also referred to as "financial
professionals" in this prospectus) may receive compensation
for selling the Contract to you in the form of commissions or
other compensation. These other forms of compensation may
include cash bonuses, insurance benefits and financing
arrangements. Non-cash benefits may include conferences,
seminars and trips (including travel, lodging and meals in
connection therewith), entertainment, merchandise and other
similar items. The Company may also pay asset-based
commissions (sometimes called trail commissions) in addition
to Purchase Payment-based commissions. Investment
professionals may also receive other payments from us for
services that do not directly involve the sale of the Contracts,
including personnel recruitment and training, production of
promotional literature and similar services.
As a result of these compensation arrangements, investment
professionals may have a financial incentive to offer or
recommend the Contract over another investment. You
should ask your investment professional for additional
information about the compensation he or she receives in
connection with your purchase of the Contract.
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Other Information
- Distribution of
the Contract
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Should I Exchange
My Contract?
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You should only exchange your contract if you determine,
after comparing the features, fees, and risks of both
contracts, and any fees or penalties to terminate your existing
contract, that it is better for you to purchase the new contract
rather than continue to own your existing contract. Some
investment professionals may have a financial incentive to
offer you a new contract in place of the one you already own.
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Getting Started -
The Accumulation
Period - Tax Free
1035 Exchanges
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ALLOCATION OPTIONS
FOR CONTRACTS ISSUED ON OR BEFORE MAY 25, 2023
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Risk Control Account Crediting Strategy: Floor with Cap Rate
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Index
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Type of Index
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Crediting
Period
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Limit on Index Loss
(if held to the end of
the Crediting Period)
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Minimum Limit on Index
Gain (for the Life of the
Contract)
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S&P 500
Index(1)
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Stock market index based
on market capitalizations of
500 leading companies
publicly traded in the U.S.
stock market.
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1-Year
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Floor: 0% to -10%
in 1% increments
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Minimum Cap Rate: 1%
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Barclays
Risk
Balanced
Index(1)
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Allocates between equities
and fixed income using the
principles of Modern
Portfolio Theory, which
seeks to maximize the
expected return based on a
given level of market risk.
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1-Year
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Floor: 0% to -10%
in 1% increments
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Minimum Cap Rate: 1%
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Risk Control Account Crediting Strategy: Buffer with Participation Rate
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Index
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Type of Index
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Crediting
Period
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Limit on Index Loss
(if held to the end of
the Crediting Period)
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Minimum Limit on Index
Gain (for the Life of the
Contract)
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S&P 500
Index(1)
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Stock market index based
on market capitalizations of
500 leading companies
publicly traded in the U.S.
stock market.
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6-Year
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Buffer: -10%
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Minimum Participation
Rate: 10%
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Barclays
Risk
Balanced
Index(1)
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Allocates between equities
and fixed income using the
principles of Modern
Portfolio Theory, which
seeks to maximize the
expected return based on a
given level of market risk.
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6-Year
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Buffer:
-10%
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Minimum Participation
Rate: 10%
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ALLOCATION OPTIONS
FOR CONTRACTS ISSUED AFTER MAY 25, 2023
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Risk Control Account Crediting Strategy: Floor with Cap Rate
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Index
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Type of Index
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Crediting
Period
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Limit on Index Loss
(if held to the end of
the Crediting Period)
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Minimum Limit on Index
Gain (for the Life of the
Contract)
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S&P 500
Index(1)
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Stock market index based
on market capitalizations of
500 leading companies
publicly traded in the U.S.
stock market.
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1-Year
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Floor: 0% to -10%
in 1% increments
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Minimum Cap Rate: 1%
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Dimensional
US Small
Cap
Value
Systematic
Index(1)
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Stock market index that
invests within the smallest
8% of the US market down
to $100 million in market
capitalization with relative
prices in the lowest 40%
when ranked by price to
book.
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1-Year
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Floor: 0% to -10%
in 1% increments
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Minimum Cap Rate: 1%
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Barclays
Risk
Balanced
Index(1)
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Allocates between equities
and fixed income using the
principles of Modern
Portfolio Theory, which
seeks to maximize the
expected return based on a
given level of market risk.
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1-Year
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Floor: 0% to -10%
in 1% increments
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Minimum Cap Rate: 1%
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Risk Control Account Crediting Strategy: Buffer with Cap Rate
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Index
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Type of Index
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Crediting
Period
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Limit on Index Loss
(if held to the end of
the Crediting Period)
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Minimum Limit on Index
Gain (for the Life of the
Contract)
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S&P 500
Index(1)
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Stock market index based
on market capitalizations of
500 leading companies
publicly traded in the U.S.
stock market.
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1-Year
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Buffer: -10%
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Minimum Cap Rate: 1%
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Dimensional
US Small
Cap
Value
Systematic
Index(1)
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Stock market index that
invests within the smallest
8% of the US market down
to $100 million in market
capitalization with relative
prices in the lowest 40%
when ranked by price to
book.
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1-Year
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Buffer: -10%
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Minimum Cap Rate: 1%
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Risk Control Account Crediting Strategy: Buffer with Participation Rate
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Index
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Type of Index
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Crediting
Period
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Limit on Index Loss
(if held to the end of
the Crediting Period)
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Minimum Limit on Index
Gain (for the Life of the
Contract)
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S&P 500
Index(1)
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Stock market index based
on market capitalizations of
500 leading companies
publicly traded in the U.S.
stock market.
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6-Year
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Buffer:
-10% and -20%
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Minimum Participation
Rate: 10%
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Dimensional
US Small
Cap
Value
Systematic
Index(1)
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Stock market index that
invests within the smallest
8% of the US market down
to $100 million in market
capitalization with relative
prices in the lowest 40%
when ranked by price to
book.
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6-Year
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Buffer:
-10% and -20%
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Minimum Participation
Rate: 10%
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Barclays
Risk
Balanced
Index(1)
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Allocates between equities
and fixed income using the
principles of Modern
Portfolio Theory, which
seeks to maximize the
expected return based on a
given level of market risk.
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6-Year
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Buffer:
-10% and -20%
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Minimum Participation
Rate: 10%
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Name
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Term
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Minimum
Guaranteed
Interest Rate
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Declared Rate
Account
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1 year
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0.15%(1)
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