Enhanced Choice Index Plus 7
Standard
11%
Best Cap
10%
Free W/D
50
States
A flexible index annuity that lets you customize your investment approach by choosing from multiple indices and crediting strategies, with guaranteed downside protection and access to your money through penalty-free withdrawal options.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$15,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| BofA Global MegaTrends Index | Annual | -- | 150% | -- |
| S&P 500 Daily Risk Control 5% Excess Return (USD) Index | Annual | -- | 170% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | Annual | 11% | 100% | -- |
| S&P 500 ESG Daily Risk Control 5% Index (USD) ER | Annual | -- | 170% | -- |
| S&P 500 Index | Annual | 12% | 100% | -- |
| S&P MARC 5% Excess Return | Annual | -- | 170% | -- |
| Fixed Account | Daily | -- | -- | 3.75% |
Key Features
Index Choices
5 index optionsSelect from S&P 500, S&P MARC (diversified multi-asset), S&P 500 Daily Risk Control, S&P 500 ESG Daily Risk Control, or BofA Global MegaTrends Index
Crediting Strategies
Multiple options per indexChoose participation rates, cap rates, fixed interest, or enhanced versions of each strategy
Guaranteed Minimum Accumulation Benefit
100% premium guaranteeAccount value is guaranteed to reach at least 100% of your original premium minus any withdrawals and charges
Penalty-Free Withdrawals
10% annual + qualifying eventsWithdraw 10% annually after year one without surrender charges; also waived for RMDs, terminal conditions, nursing home residency, death, and annuitization
Downside Protection
0% floor on index lossesYour account never participates in index losses, only gains
Market Value Adjustment
Applies to surrender chargesApplied to withdrawals subject to surrender charges; waived when surrender charge is waived (not available in California)
Surrender Charge Period
9.4%-3.5% (standard) or 8%-2% (CA)7-year schedule with declining charges; California has lower schedule
Highlights
Choose from 5 different index options (S&P 500, MARC, Risk Control variants, ESG, and BofA MegaTrends) to match your investment philosophy
Multiple crediting strategies let you pick between participation rates, cap rates, fixed interest, or enhanced versions of each
Guaranteed Minimum Accumulation Benefit ensures your account never falls below 100% of your original premium minus withdrawals
Access to 10% annual penalty-free withdrawals after year one, plus waivers for RMDs, terminal conditions, and nursing home care
Downside protection: your account never loses value when the index declines
Surrender Schedule
Yr 1
9.4%
Yr 2
8.5%
Yr 3
7.5%
Yr 4
6.5%
Yr 5
5.5%
Yr 6
4.5%
Yr 7
3.5%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Investors seeking market upside with downside protection who want flexibility to customize their index and crediting strategy and need access to their money without long-term penalty constraints.
Consider Alternatives If
Investors who need immediate access to their full principal without any surrender charges or those seeking guaranteed income during retirement.
Carrier Ratings
Free Comparison Report
Get a personalized Enhanced Choice Index Plus 7 illustration
See year-by-year projections for your specific age, premium, and income goals.