The Intuitions Flex is a good selection for women who:
Initial premium deposit - This plan requires a minimum premium deposit of at least $100.00 per month or an initial start-up premium deposit of at least $500.00. We recommend making consistent premium deposits to develop the savings habit and for maximum accumulated value. Premium deposits may be made monthly by automatic bank draft or we will send you quarterly, semiannual, or annual reminders. Single deposits, up to $300,000, may be made. The plan accommodates rollovers from qualified retirement plans or when money is moved from other financial instruments such as matured certificates of deposit. Credit card payment is available in some states for automatic or billed premium deposits.
Interest crediting method - Initially, each premium deposit earns interest based on the current rate in effect at the time of the premium deposit. The interest rate for a premium deposit is subject to change on each anniversary of the premium deposit and may go up or down. (Interest earned on a premium deposit is credited with interest at the same rate as the premium deposit.) This unique interest crediting method allows you to capture multiple interest rate environments, which encourages larger and consistent premium deposits, especially in times of climbing rates. The interest rate can never fall below the guaranteed annual rate of 3%.
Surrender and withdrawal charges - Charges are imposed during the first eight policy years. Withdrawal and surrender charges gradually decrease in accordance with the following chart:
| Surrender & Withdrawal Charges | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Certificate Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9+ | ||
| Surrender/Withdrawal Charge | 7% | 7% | 6% | 5% | 4% | 3% | 2% | 1% | 0% | ||
Special endorsements - This plan may be endorsed for Traditional and Roth IRA's and Tax Sheltered Annuity (TSA) plans. TSA plans do not stipulate a minimum contribution amount.
This deferred annuity plan is not available in all states.
Current interest rates are not guaranteed and could go up or down. However, the current interest rate can never go below the guaranteed minimum 3% rate.
Distribution prior to age 59 ½ may be subject to 10% federal tax penalty.
This deferred annuity plan is not FDIC insured, nor is it insured by any other agency of the United States. It is not a bank deposit. It is not guaranteed by a bank or any bank affiliate. It may lose value.
Nursing home waiver is not available in NJ, NY, or PA.
Terminal illness waiver is not available in NJ or NY.
For more information, request an appointment with a Woman's Life representative by completing our Contact Form.