The ANICO STRATEGY INDEXED ANNUITY PLUS 7 is a flexible premium fixed deferred indexed annuity.
This product offers upside interest potential through several different crediting options and a guaranteed minimum surrender value.
LIFETIME INCOME RIDER (LIR)
In addition to the benefits of an Indexed Annuity, ANICO Strategy Indexed Annuity PLUS 7 also gives the option, at time of issue, to add a Lifetime Income Rider (LIR) which provides an income stream that is GUARANTEED FOR LIFE, even if the Annuity Value falls to zero.
The product offers two different options for the LIR:
Lifetime Income Rider with Fixed Rate
Lifetime Income Rider with Fixed Rate Plus Index Credit
GUARANTEED MINIMUM SURRENDER VALUE
Minimum value your client would receive if they surrender the contract. That value is 87.5% of the premiums compounding at the minimum guaranteed surrender value rate.