Large accelerated filer
|
☐
|
|
Accelerated filer
|
☐
|
|
|
|
|
|
Non-accelerated filer
|
☒
|
|
Smaller reporting company
|
☐
|
|
|
|
|
|
Emerging growth company
|
☐
|
|
|
|
The Crediting Methods available are
described below:
|
|
Performance Cap without Annual Locks
• 1-Year Performance Cap (100% Protection only) – 0.10%
minimum rate
• 1-Year Performance Cap (excluding 100% Protection) – 1.00%
minimum rate
• 6-Year Performance Cap – 10.00% minimum rate
|
You receive all positive Index performance up to the
Performance Cap
on the End Date.
|
Participation Rate
• 3-Year Participation Rate – 15.00% minimum rate
• 6-Year Participation Rate – 15.00% minimum rate
|
You receive an amount equal to the Participation Rate
multiplied by the
positive Index performance on the End Date.
|
Performance Trigger Rate
• 1-Year Performance Trigger Rate – 1.00% minimum rate
|
You receive the Performance Trigger Rate, if the Index
performance is
zero or positive on the End Date.
|
Performance Cap with Annual Locks
|
You receive all positive Index performance up to the
Performance Cap
each year of the Indexed Term.
|
Dual Performance Trigger Rate
|
You receive 1) the Dual Performance Trigger Rate if the
Index
performance is zero, positive, or negative within the
Protection Level; or
2) the Index performance percentage plus the Protection
Level plus the
Dual Performance Trigger Rate if the Index performance is
negative and
beyond the Protection Level.
|
Dual15 Plus
|
You receive the 1) the Dual Rate if the Index performance
is zero or
positive and equal to or less than the Dual Rate; or 2)
the Index
performance up to the Performance Cap if the Index
performance is
higher than the Dual Rate; or 3) the Performance Cap if
the Index
performance is higher than the Performance Cap; or 4) the
Index
performance plus the Dual Rate if the Index performance is
negative.
|
The downside protection method available when
the Index performance is negative:
|
|
Protection Level (Not available for Dual15
Plus Indexed Accounts)
|
The portion of loss that the Company will protect you from if
the Index
performance is negative. If the negative Index performance is
in excess
of the Protection Level, there is a risk of loss of principal
and any
previously credited amount to the Contractowner.
|
Indexed
Segment
Anniversary
|
Index %
Change
|
Account
Performance
Rate (adjusted for
Cap or Protection
Level)
|
Indexed Segment
Performance
Amount
|
Adjusted Indexed
Crediting Base/
Anniversary
Value
|
1/8/2026
|
+7%
|
+7%
|
$7,000
|
$107,000
|
1/8/2027
|
+12%
|
+10%
|
$10,700
|
$117,700
|
1/8/2028
|
-13%
|
-3%
|
-$3,531
|
$114,169
|
1/8/2029
|
-5%
|
0%
|
$0
|
$114,169
|
1/8/2030
|
+5%
|
+5%
|
$5,708
|
$119,877
|
1/8/2031
|
+17%
|
+10%
|
$11,988
|
$131,865
|
Reallocating To
|
Reallocating From
|
||
1-Year Term
|
3-Year Term
|
6-Year Term
|
|
1-Year Term
|
Allowed on any
Indexed Anniversary Date
|
Allowed on any
Indexed Anniversary Date
|
Allowed on any
Indexed Anniversary Date
|
3-Year Term
|
Allowed only on every 3rd
Indexed Anniversary Date
|
Allowed only on every 3rd
Indexed Anniversary Date
|
Allowed only on every 3rd
Indexed Anniversary Date
|
6-Year Term
|
Allowed only on every 6th
Indexed Anniversary Date
|
Allowed only on every 6th
Indexed Anniversary Date
|
Allowed only on every 6th
Indexed Anniversary Date
|
|
Number of contract anniversaries since Purchase Payment was invested
|
||||||
|
0
|
1
|
2
|
3
|
4
|
5
|
6
|
Surrender charge as a percentage
of the surrendered or
withdrawn Purchase Payment
|
7
%
|
7
%
|
6
%
|
5
%
|
4
%
|
3
%
|
0
%
|
upon death of:
|
and...
|
and...
|
Death Benefit
proceeds pass to:
|
Contractowner
|
There is a surviving joint owner
|
The Annuitant is living or deceased
|
Joint owner
|
Contractowner
|
There is no surviving joint owner
|
The Annuitant is living or deceased
|
Designated Beneficiary
|
Contractowner
|
There is no surviving joint owner
and the Beneficiary predeceases the
Contractowner
|
The Annuitant is living or deceased
|
Contractowner's estate
|
Annuitant
|
The Contractowner is living
|
There is no contingent Annuitant
|
The youngest Contractowner
becomes the contingent Annuitant
and the Contract continues. The
Contractowner may waive* this
continuation and receive the Death
Benefit proceeds.
|
Annuitant
|
The Contractowner is living
|
The contingent Annuitant is living
|
Contingent Annuitant becomes the
Annuitant and the Contract
continues
|
Annuitant**
|
The Contractowner is a trust or
other non-natural person
|
No contingent Annuitant allowed
with non-natural Contractowner
|
Designated Beneficiary
|
|
1 Year
|
6 Year
|
6 Year
|
Indexed Term length
|
12
months
|
72
months
|
72
months
|
Months since Indexed Term Start Date
|
9
|
69
|
15
|
Indexed Crediting Base
|
$1,000
|
$1,000
|
$1,000
|
Protection Level
|
10%
|
10%
|
10%
|
Performance Cap
|
12%
|
100%
|
100%
|
Months to End Date
|
3
|
3
|
57
|
Change in Index Value is -30%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$(197)
|
$(197)
|
$(163)
|
Interim Value = Sum of 1 + 2
|
$800
|
$800
|
$777
|
Change in Index Value is -10%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$(28)
|
$(27)
|
$(6)
|
Interim Value = Sum of 1 + 2
|
$969
|
$970
|
$934
|
Change in Index Value is 20%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$104
|
$203
|
$210
|
Interim Value = Sum of 1 + 2
|
$1,116
|
$1,200
|
$1,150
|
Change in Index Value is 40%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$119
|
$401
|
$335
|
Interim Value = Sum of 1 + 2
|
$1,115
|
$1,398
|
$1,275
|
|
|
3 Year
|
3 Year
|
Indexed Term length
|
|
36
months
|
36
months
|
Months since Indexed Term Start Date
|
|
33
|
15
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
10%
|
10%
|
Participation Rate
|
|
100%
|
100%
|
Months to End Date
|
|
3
|
21
|
Change in Index Value is -30%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$(197)
|
$(189)
|
Interim Value = Sum of 1 + 2
|
|
$797
|
$766
|
Change in Index Value is -10%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$(27)
|
$(23)
|
Interim Value = Sum of 1 + 2
|
|
$966
|
$932
|
Change in Index Value is 20%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$203
|
$230
|
Interim Value = Sum of 1 + 2
|
|
$1,196
|
$1,185
|
Change in Index Value is 40%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$401
|
$412
|
Interim Value = Sum of 1 + 2
|
|
$1,394
|
$1,367
|
|
|
1 Year
|
1 Year
|
Indexed Term length
|
|
12
months
|
12
months
|
Months since Indexed Term Start Date
|
|
7
|
4
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
15%
|
15%
|
Performance Trigger Rate
|
|
12.5%
|
12.5%
|
Months to End Date
|
|
5
|
8
|
Change in Index Value is -15%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$(30)
|
$(33)
|
Interim Value = Sum of 1 + 2
|
|
$953
|
$940
|
Change in Index Value is -5%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$30
|
$24
|
Interim Value = Sum of 1 + 2
|
|
$1,013
|
$997
|
Change in Index Value is 10%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$93
|
$83
|
Interim Value = Sum of 1 + 2
|
|
$1,076
|
$1,056
|
Change in Index Value is 20%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$113
|
$105
|
Interim Value = Sum of 1 + 2
|
|
$1,096
|
$1,078
|
|
|
1 Year
|
1 Year
|
Indexed Term length
|
|
12
Months
|
12
Months
|
Months since Indexed Term Start Date
|
|
9
|
3
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
10%
|
10%
|
Dual Performance Trigger Rate
|
|
6%
|
6%
|
Months to End Date
|
|
3
|
9
|
Change in Index Value is -15%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$(4)
|
$(24)
|
Interim Value = Sum of 1 + 2
|
|
$989
|
$956
|
Change in Index Value is -5%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$43
|
$20
|
Interim Value = Sum of 1 + 2
|
|
$1,036
|
$1,000
|
Change in Index Value is 10%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$59
|
$49
|
Interim Value = Sum of 1 + 2
|
|
$1,052
|
$1,029
|
Change in Index Value is 20%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$59
|
$55
|
Interim Value = Sum of 1 + 2
|
|
$1,052
|
$1,035
|
|
|
6 Year
|
6 Year
|
Indexed Term length
|
|
72
Months
|
72
Months
|
Months since Indexed Term Start Date
|
|
54
|
18
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Dual Rate
|
|
15%
|
15%
|
Performance Cap
|
|
70%
|
70%
|
Months to End Date
|
|
18
|
54
|
Change in Index Value is -15%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$(10)
|
$(12)
|
Interim Value = Sum of 1 + 2
|
|
$967
|
$922
|
Change in Index Value is -5%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$67
|
$57
|
Interim Value = Sum of 1 + 2
|
|
$1,044
|
$991
|
Change in Index Value is 10%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$175
|
$149
|
Interim Value = Sum of 1 + 2
|
|
$1,152
|
$1,083
|
Change in Index Value is 20%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$245
|
$205
|
Interim Value = Sum of 1 + 2
|
|
$1,222
|
$1,139
|
The Crediting Methods available are described below:
|
|
Performance Cap without Annual Locks
• 1-Year Performance Cap (100% Protection only) – 0.10%
minimum rate
• 1-Year Performance Cap (excluding 100% Protection) – 1.00%
minimum rate
• 6-Year Performance Cap – 10.00% minimum rate
|
You receive all positive Index performance up to the Performance Cap
on the End Date.
|
Performance Trigger Rate
• 1-Year Performance Trigger Rate – 1.00% minimum rate
|
You receive the Performance Trigger Rate, if the Index performance is
zero or positive on the End Date.
|
Performance Cap with Annual Locks
|
You receive all positive Index performance up to the Performance Cap
each year of the Indexed Term.
|
Dual Performance Trigger Rate
|
You receive 1) the Dual Performance Trigger Rate if the Index
performance is zero, positive, or negative within the Protection
Level; or
2) the Index performance percentage plus the Protection Level plus the
Dual Performance Trigger Rate if the Index performance is negative and
beyond the Protection Level.
|
Dual15 Plus
|
You receive the 1) the Dual Rate if the Index performance is zero or
positive and equal to or less than the Dual Rate; or 2) the Index
performance up to the Performance Cap if the Index performance is
higher than the Dual Rate; or 3) the Performance Cap if the Index
performance is higher than the Performance Cap; or 4) the Index
performance plus the Dual Rate if the Index performance is negative.
|
The downside protection method available when the Index
performance is negative:
|
|
Protection Level (Not available for Dual15 Plus Indexed
Accounts)
|
The portion of loss that the Company will protect you from if the Index
performance is negative. If the negative Index performance is in excess
of the Protection Level, there is a risk of loss of principal and any
previously credited amount to the Contractowner.
|
Indexed
Segment
Anniversary
|
Index %
Change
|
Account
Performance
Rate (adjusted for
Cap or Protection
Level)
|
Indexed Segment
Performance
Amount
|
Adjusted Indexed
Crediting Base/
Anniversary
Value
|
1/8/2026
|
+7%
|
+7%
|
$7,000
|
$107,000
|
1/8/2027
|
+12%
|
+10%
|
$10,700
|
$117,700
|
1/8/2028
|
-13%
|
-3%
|
-$3,531
|
$114,169
|
1/8/2029
|
-5%
|
0%
|
$0
|
$114,169
|
1/8/2030
|
+5%
|
+5%
|
$5,708
|
$119,877
|
1/8/2031
|
+17%
|
+10%
|
$11,988
|
$131,865
|
Reallocating To
|
Reallocating From
|
||
1-Year Term
|
3-Year Term
|
6-Year Term
|
|
1-Year Term
|
Allowed on any
Indexed Anniversary Date
|
Allowed on any
Indexed Anniversary Date
|
Allowed on any
Indexed Anniversary Date
|
3-Year Term
|
Allowed only on every 3rd
Indexed Anniversary Date
|
Allowed only on every 3rd
Indexed Anniversary Date
|
Allowed only on every 3rd
Indexed Anniversary Date
|
6-Year Term
|
Allowed only on every 6th
Indexed Anniversary Date
|
Allowed only on every 6th
Indexed Anniversary Date
|
Allowed only on every 6th
Indexed Anniversary Date
|
|
Number of contract anniversaries since Purchase Payment was invested
|
||||||
|
0
|
1
|
2
|
3
|
4
|
5
|
6
|
Surrender charge as a percentage
of the surrendered or
withdrawn Purchase Payment
|
7
%
|
7
%
|
6
%
|
5
%
|
4
%
|
3
%
|
0
%
|
upon death of:
|
and...
|
and...
|
Death Benefit proceeds pass to:
|
Contractowner
|
There is a surviving joint owner
|
The Annuitant is living or deceased
|
Joint owner
|
Contractowner
|
There is no surviving joint owner
|
The Annuitant is living or deceased
|
Designated Beneficiary
|
Contractowner
|
There is no surviving joint owner
and the Beneficiary predeceases the
Contractowner
|
The Annuitant is living or deceased
|
Contractowner's estate
|
Annuitant
|
The Contractowner is living
|
There is no contingent Annuitant
|
The youngest Contractowner
becomes the contingent Annuitant
and the Contract continues. The
Contractowner may waive* this
continuation and receive the Death
Benefit proceeds.
|
Annuitant
|
The Contractowner is living
|
The contingent Annuitant is living
|
Contingent Annuitant becomes the
Annuitant and the Contract
continues
|
Annuitant**
|
The Contractowner is a trust or
other non-natural person
|
No contingent Annuitant allowed
with non-natural Contractowner
|
Designated Beneficiary
|
|
1 Year
|
6 Year
|
6 Year
|
Indexed Term length
|
12
months
|
72
months
|
72
months
|
Months since Indexed Term Start Date
|
9
|
69
|
15
|
Indexed Crediting Base
|
$1,000
|
$1,000
|
$1,000
|
Protection Level
|
10%
|
10%
|
10%
|
Performance Cap
|
12%
|
100%
|
100%
|
Months to End Date
|
3
|
3
|
57
|
Change in Index Value is -30%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$(197)
|
$(197)
|
$(163)
|
Interim Value = Sum of 1 + 2
|
$800
|
$800
|
$777
|
Change in Index Value is -10%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$(28)
|
$(27)
|
$(6)
|
Interim Value = Sum of 1 + 2
|
$969
|
$970
|
$934
|
Change in Index Value is 20%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$104
|
$203
|
$210
|
Interim Value = Sum of 1 + 2
|
$1,101
|
$1,200
|
$1,150
|
Change in Index Value is 40%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$119
|
$401
|
$335
|
Interim Value = Sum of 1 + 2
|
$1,116
|
$1,398
|
$1,275
|
|
|
1 Year
|
1 Year
|
Indexed Term length
|
|
12
months
|
12
months
|
Months since Indexed Term Start Date
|
|
7
|
4
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
15%
|
15%
|
Performance Trigger Rate
|
|
12.5%
|
12.5%
|
Months to End Date
|
|
5
|
8
|
Change in Index Value is -15%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$(30)
|
$(33)
|
Interim Value = Sum of 1 + 2
|
|
$953
|
$940
|
Change in Index Value is -5%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$30
|
$24
|
Interim Value = Sum of 1 + 2
|
|
$1,013
|
$997
|
Change in Index Value is 10%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$93
|
$83
|
Interim Value = Sum of 1 + 2
|
|
$1,076
|
$1,056
|
Change in Index Value is 20%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$113
|
$105
|
Interim Value = Sum of 1 + 2
|
|
$1,096
|
$1,078
|
|
|
1 Year
|
1 Year
|
Indexed Term length
|
|
12
Months
|
12
Months
|
Months since Indexed Term Start Date
|
|
9
|
3
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
10%
|
10%
|
Dual Performance Trigger Rate
|
|
6%
|
6%
|
Months to End Date
|
|
3
|
9
|
Change in Index Value is -15%
|
|
1 Year
|
1 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$993
|
$980
|
2. Fair Value of Replicating Portfolio of Options
|
|
$(4)
|
$(24)
|
Interim Value = Sum of 1 + 2
|
|
$989
|
$956
|
Change in Index Value is -5%
|
|
1 Year
|
1 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$993
|
$980
|
2. Fair Value of Replicating Portfolio of Options
|
|
$43
|
$20
|
Interim Value = Sum of 1 + 2
|
|
$1,036
|
$1,000
|
Change in Index Value is 10%
|
|
1 Year
|
1 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$993
|
$980
|
2. Fair Value of Replicating Portfolio of Options
|
|
$59
|
$49
|
Interim Value = Sum of 1 + 2
|
|
$1,052
|
$1,029
|
Change in Index Value is 20%
|
|
1 Year
|
1 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$993
|
$980
|
2. Fair Value of Replicating Portfolio of Options
|
|
$59
|
$55
|
Interim Value = Sum of 1 + 2
|
|
$1,052
|
$1,035
|
|
|
6 Year
|
6 Year
|
Indexed Term length
|
|
72
Months
|
72
Months
|
Months since Indexed Term Start Date
|
|
54
|
18
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Dual Rate
|
|
15%
|
15%
|
Performance Cap
|
|
70%
|
70%
|
Months to End Date
|
|
18
|
54
|
Change in Index Value is -15%
|
|
6 Year
|
6 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$977
|
$934
|
2. Fair Value of Replicating Portfolio of Options
|
|
$(10)
|
$(12)
|
Interim Value = Sum of 1 + 2
|
|
$967
|
$922
|
Change in Index Value is -5%
|
|
6 Year
|
6 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$977
|
$934
|
2. Fair Value of Replicating Portfolio of Options
|
|
$67
|
$57
|
Interim Value = Sum of 1 + 2
|
|
$1,044
|
$991
|
Change in Index Value is 10%
|
|
6 Year
|
6 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$977
|
$934
|
2. Fair Value of Replicating Portfolio of Options
|
|
$175
|
$149
|
Interim Value = Sum of 1 + 2
|
|
$1,152
|
$1,083
|
Change in Index Value is 20%
|
|
6 Year
|
6 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$977
|
$934
|
2. Fair Value of Replicating Portfolio of Options
|
|
$245
|
$205
|
Interim Value = Sum of 1 + 2
|
|
$1,222
|
$1,139
|
The Crediting Methods available are described below:
|
|
Performance Cap without Annual Locks
• 1-Year Performance Cap (100% Protection only) – 0.10%
minimum rate
• 1-Year Performance Cap (excluding 100% Protection) – 1.00%
minimum rate
• 6-Year Performance Cap – 10.00% minimum rate
|
You receive all positive Index performance up to the Performance Cap
on the End Date.
|
Participation Rate
• 3-Year Participation Rate – 15.00% minimum rate
• 6-Year Participation Rate – 15.00% minimum rate
|
You receive an amount equal to the Participation Rate multiplied by the
positive Index performance on the End Date.
|
Performance Trigger Rate
• 1-Year Performance Trigger Rate – 1.00% minimum rate
|
You receive the Performance Trigger Rate, if the Index performance is
zero or positive on the End Date.
|
Performance Cap with Annual Locks
|
You receive all positive Index performance up to the Performance Cap
each year of the Indexed Term.
|
Dual Performance Trigger Rate
|
You receive 1) the Dual Performance Trigger Rate if the Index
performance is zero, positive, or negative within the Protection Level;
or
2) the Index performance percentage plus the Protection Level plus the
Dual Performance Trigger Rate if the Index performance is negative and
beyond the Protection Level.
|
Dual15 Plus
|
You receive the 1) the Dual Rate if the Index performance is zero or
positive and equal to or less than the Dual Rate; or 2) the Index
performance up to the Performance Cap if the Index performance is
higher than the Dual Rate; or 3) the Performance Cap if the Index
performance is higher than the Performance Cap; or 4) the Index
performance plus the Dual Rate if the Index performance is negative.
|
The downside protection method available when the Index
performance is negative:
|
|
Protection Level (Not available for Dual15 Plus Indexed
Accounts)
|
The portion of loss that the Company will protect you from if the Index
performance is negative. If the negative Index performance is in excess
of the Protection Level, there is a risk of loss of principal and any
previously credited amount to the Contractowner.
|
Indexed
Segment
Anniversary
|
Index %
Change
|
Account
Performance
Rate (adjusted for
Cap or Protection
Level)
|
Indexed Segment
Performance
Amount
|
Adjusted Indexed
Crediting Base/
Anniversary
Value
|
1/8/2026
|
+7%
|
+7%
|
$7,000
|
$107,000
|
1/8/2027
|
+12%
|
+10%
|
$10,700
|
$117,700
|
1/8/2028
|
-13%
|
-3%
|
-$3,531
|
$114,169
|
1/8/2029
|
-5%
|
0%
|
$0
|
$114,169
|
1/8/2030
|
+5%
|
+5%
|
$5,708
|
$119,877
|
1/8/2031
|
+17%
|
+10%
|
$11,988
|
$131,865
|
Reallocating To
|
Reallocating From
|
||
1-Year Term
|
3-Year Term
|
6-Year Term
|
|
1-Year Term
|
Allowed on any
Indexed Anniversary Date
|
Allowed on any
Indexed Anniversary Date
|
Allowed on any
Indexed Anniversary Date
|
3-Year Term
|
Allowed only on every 3rd
Indexed Anniversary Date
|
Allowed only on every 3rd
Indexed Anniversary Date
|
Allowed only on every 3rd
Indexed Anniversary Date
|
6-Year Term
|
Allowed only on every 6th
Indexed Anniversary Date
|
Allowed only on every 6th
Indexed Anniversary Date
|
Allowed only on every 6th
Indexed Anniversary Date
|
|
Number of contract anniversaries since Purchase Payment was invested
|
||||||
|
0
|
1
|
2
|
3
|
4
|
5
|
6
|
Surrender charge as a percentage
of the surrendered or
withdrawn Purchase Payment
|
7
%
|
7
%
|
6
%
|
5
%
|
4
%
|
3
%
|
0
%
|
upon death of:
|
and...
|
and...
|
Death Benefit proceeds pass to:
|
Contractowner
|
There is a surviving joint owner
|
The Annuitant is living or deceased
|
Joint owner
|
Contractowner
|
There is no surviving joint owner
|
The Annuitant is living or deceased
|
Designated Beneficiary
|
Contractowner
|
There is no surviving joint owner
and the Beneficiary predeceases the
Contractowner
|
The Annuitant is living or deceased
|
Contractowner's estate
|
Annuitant
|
The Contractowner is living
|
There is no contingent Annuitant
|
The youngest Contractowner
becomes the contingent Annuitant
and the Contract continues. The
Contractowner may waive* this
continuation and receive the Death
Benefit proceeds.
|
Annuitant
|
The Contractowner is living
|
The contingent Annuitant is living
|
Contingent Annuitant becomes the
Annuitant and the Contract
continues
|
Annuitant**
|
The Contractowner is a trust or
other non-natural person
|
No contingent Annuitant allowed
with non-natural Contractowner
|
Designated Beneficiary
|
|
1 Year
|
6 Year
|
6 Year
|
Indexed Term length
|
12
months
|
72
months
|
72
months
|
Months since Indexed Term Start Date
|
9
|
69
|
15
|
Indexed Crediting Base
|
$1,000
|
$1,000
|
$1,000
|
Protection Level
|
10%
|
10%
|
10%
|
Performance Cap
|
12%
|
100%
|
100%
|
Months to End Date
|
3
|
3
|
57
|
Change in Index Value is -30%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$(197)
|
$(197)
|
$(163)
|
Interim Value = Sum of 1 + 2
|
$800
|
$800
|
$777
|
Change in Index Value is -10%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$(28)
|
$(27)
|
$(6)
|
Interim Value = Sum of 1 + 2
|
$969
|
$970
|
$934
|
Change in Index Value is 20%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$104
|
$203
|
$210
|
Interim Value = Sum of 1 + 2
|
$1,101
|
$1,200
|
$1,150
|
Change in Index Value is 40%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$119
|
$401
|
$335
|
Interim Value = Sum of 1 + 2
|
$1,116
|
$1,398
|
$1,275
|
|
|
3 Year
|
3 Year
|
Indexed Term length
|
|
36
months
|
36
months
|
Months since Indexed Term Start Date
|
|
33
|
15
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
10%
|
10%
|
Participation Rate
|
|
100%
|
100%
|
Months to End Date
|
|
3
|
21
|
Change in Index Value is -30%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$(197)
|
$(189)
|
Interim Value = Sum of 1 + 2
|
|
$797
|
$766
|
Change in Index Value is -10%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$(27)
|
$(23)
|
Interim Value = Sum of 1 + 2
|
|
$966
|
$932
|
Change in Index Value is 20%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$203
|
$230
|
Interim Value = Sum of 1 + 2
|
|
$1,196
|
$1,185
|
Change in Index Value is 40%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$401
|
$412
|
Interim Value = Sum of 1 + 2
|
|
$1,394
|
$1,367
|
|
|
1 Year
|
1 Year
|
Indexed Term length
|
|
12
months
|
12
months
|
Months since Indexed Term Start Date
|
|
7
|
4
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
15%
|
15%
|
Performance Trigger Rate
|
|
12.5%
|
12.5%
|
Months to End Date
|
|
5
|
8
|
Change in Index Value is -15%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$(30)
|
$(33)
|
Interim Value = Sum of 1 + 2
|
|
$953
|
$940
|
Change in Index Value is -5%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$30
|
$24
|
Interim Value = Sum of 1 + 2
|
|
$1,013
|
$997
|
Change in Index Value is 10%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$93
|
$83
|
Interim Value = Sum of 1 + 2
|
|
$1,076
|
$1,056
|
Change in Index Value is 20%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$113
|
$105
|
Interim Value = Sum of 1 + 2
|
|
$1,096
|
$1,078
|
|
|
1 Year
|
1 Year
|
Indexed Term length
|
|
12
Months
|
12
Months
|
Months since Indexed Term Start Date
|
|
9
|
3
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
10%
|
10%
|
Dual Performance Trigger Rate
|
|
6%
|
6%
|
Months to End Date
|
|
3
|
9
|
Change in Index Value is -15%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$(4)
|
$(24)
|
Interim Value = Sum of 1 + 2
|
|
$989
|
$956
|
Change in Index Value is -5%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$43
|
$20
|
Interim Value = Sum of 1 + 2
|
|
$1,036
|
$1,000
|
Change in Index Value is 10%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$59
|
$49
|
Interim Value = Sum of 1 + 2
|
|
$1,052
|
$1,029
|
Change in Index Value is 20%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$59
|
$55
|
Interim Value = Sum of 1 + 2
|
|
$1,052
|
$1,035
|
|
|
6 Year
|
6 Year
|
Indexed Term length
|
|
72
Months
|
72
Months
|
Months since Indexed Term Start Date
|
|
54
|
18
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Dual Rate
|
|
15%
|
15%
|
Performance Cap
|
|
70%
|
70%
|
Months to End Date
|
|
18
|
54
|
Change in Index Value is -15%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$(10)
|
$(12)
|
Interim Value = Sum of 1 + 2
|
|
$967
|
$922
|
Change in Index Value is -5%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$67
|
$57
|
Interim Value = Sum of 1 + 2
|
|
$1,044
|
$991
|
Change in Index Value is 10%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$175
|
$149
|
Interim Value = Sum of 1 + 2
|
|
$1,152
|
$1,083
|
Change in Index Value is 20%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$245
|
$205
|
Interim Value = Sum of 1 + 2
|
|
$1,222
|
$1,139
|
The Crediting Methods available are described below:
|
|
Performance Cap without Annual Locks
• 1-Year Performance Cap (100% Protection only) – 0.10%
minimum rate
• 1-Year Performance Cap (excluding 100% Protection) – 1.00%
minimum rate
• 6-Year Performance Cap – 10.00% minimum rate
|
You receive all positive Index performance up to the Performance Cap
on the End Date.
|
Participation Rate
• 3-Year Participation Rate – 15.00% minimum rate
• 6-Year Participation Rate – 15.00% minimum rate
|
You receive an amount equal to the Participation Rate multiplied by
the
positive Index performance on the End Date.
|
Performance Trigger Rate
• 1-Year Performance Trigger Rate – 1.00% minimum rate
|
You receive the Performance Trigger Rate, if the Index performance is
zero or positive on the End Date.
|
Performance Cap with Annual Locks
|
You receive all positive Index performance up to the Performance Cap
each year of the Indexed Term.
|
Dual Performance Trigger Rate
|
You receive 1) the Dual Performance Trigger Rate if the Index
performance is zero, positive, or negative within the Protection
Level; or
2) the Index performance percentage plus the Protection Level plus the
Dual Performance Trigger Rate if the Index performance is negative and
beyond the Protection Level.
|
Dual15 Plus
|
You receive the 1) the Dual Rate if the Index performance is zero or
positive and equal to or less than the Dual Rate; or 2) the Index
performance up to the Performance Cap if the Index performance is
higher than the Dual Rate; or 3) the Performance Cap if the Index
performance is higher than the Performance Cap; or 4) the Index
performance plus the Dual Rate if the Index performance is negative.
|
The downside protection method available when the Index
performance is negative:
|
|
Protection Level (Not available for Dual15 Plus Indexed
Accounts)
|
The portion of loss that the Company will protect you from if the Index
performance is negative. If the negative Index performance is in excess
of the Protection Level, there is a risk of loss of principal and any
previously credited amount to the Contractowner.
|
Indexed
Segment
Anniversary
|
Index %
Change
|
Account
Performance
Rate (adjusted for
Cap or Protection
Level)
|
Indexed Segment
Performance
Amount
|
Adjusted Indexed
Crediting Base/
Anniversary
Value
|
1/8/2026
|
+7%
|
+7%
|
$7,000
|
$107,000
|
1/8/2027
|
+12%
|
+10%
|
$10,700
|
$117,700
|
1/8/2028
|
-13%
|
-3%
|
-$3,531
|
$114,169
|
1/8/2029
|
-5%
|
0%
|
$0
|
$114,169
|
1/8/2030
|
+5%
|
+5%
|
$5,708
|
$119,877
|
1/8/2031
|
+17%
|
+10%
|
$11,988
|
$131,865
|
Reallocating To
|
Reallocating From
|
||
1-Year Term
|
3-Year Term
|
6-Year Term
|
|
1-Year Term
|
Allowed on any
Indexed Anniversary Date
|
Allowed on any
Indexed Anniversary Date
|
Allowed on any
Indexed Anniversary Date
|
3-Year Term
|
Allowed only on every 3rd
Indexed Anniversary Date
|
Allowed only on every 3rd
Indexed Anniversary Date
|
Allowed only on every 3rd
Indexed Anniversary Date
|
6-Year Term
|
Allowed only on every 6th
Indexed Anniversary Date
|
Allowed only on every 6th
Indexed Anniversary Date
|
Allowed only on every 6th
Indexed Anniversary Date
|
upon death of:
|
and...
|
and...
|
Death Benefit proceeds pass to:
|
Contractowner
|
There is a surviving joint owner
|
The Annuitant is living or deceased
|
Joint owner
|
Contractowner
|
There is no surviving joint owner
|
The Annuitant is living or deceased
|
Designated Beneficiary
|
Contractowner
|
There is no surviving joint owner
and the Beneficiary predeceases the
Contractowner
|
The Annuitant is living or deceased
|
Contractowner's estate
|
Annuitant
|
The Contractowner is living
|
There is no contingent Annuitant
|
The youngest Contractowner
becomes the contingent Annuitant
and the Contract continues. The
Contractowner may waive* this
continuation and receive the Death
Benefit proceeds.
|
upon death of:
|
and...
|
and...
|
Death Benefit proceeds pass to:
|
Annuitant
|
The Contractowner is living
|
The contingent Annuitant is living
|
Contingent Annuitant becomes the
Annuitant and the Contract
continues
|
Annuitant**
|
The Contractowner is a trust or
other non-natural person
|
No contingent Annuitant allowed
with non-natural Contractowner
|
Designated Beneficiary
|
|
1 Year
|
6 Year
|
6 Year
|
Indexed Term length
|
12
months
|
72
months
|
72
months
|
Months since Indexed Term Start Date
|
9
|
69
|
15
|
Indexed Crediting Base
|
$1,000
|
$1,000
|
$1,000
|
Protection Level
|
10%
|
10%
|
10%
|
Performance Cap
|
12%
|
100%
|
100%
|
Months to End Date
|
3
|
3
|
57
|
Change in Index Value is -30%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$(197)
|
$(197)
|
$(163)
|
Interim Value = Sum of 1 + 2
|
$800
|
$800
|
$777
|
Change in Index Value is -10%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$(28)
|
$(27)
|
$(6)
|
Interim Value = Sum of 1 + 2
|
$969
|
$970
|
$934
|
Change in Index Value is 20%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$104
|
$203
|
$210
|
Interim Value = Sum of 1 + 2
|
$1,101
|
$1,200
|
$1,150
|
Change in Index Value is 40%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$119
|
$401
|
$335
|
Interim Value = Sum of 1 + 2
|
$1,116
|
$1,398
|
$1,275
|
|
|
3 Year
|
3 Year
|
Indexed Term length
|
|
36
months
|
36
months
|
Months since Indexed Term Start Date
|
|
33
|
15
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
10%
|
10%
|
Participation Rate
|
|
100%
|
100%
|
Months to End Date
|
|
3
|
21
|
Change in Index Value is -30%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$(197)
|
$(189)
|
Interim Value = Sum of 1 + 2
|
|
$797
|
$766
|
Change in Index Value is -10%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$(27)
|
$(23)
|
Interim Value = Sum of 1 + 2
|
|
$966
|
$932
|
Change in Index Value is 20%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$203
|
$230
|
Interim Value = Sum of 1 + 2
|
|
$1,196
|
$1,185
|
Change in Index Value is 40%
|
|
3 Year
|
3 Year
|
1. Fair value of the fixed income asset proxy
|
|
$993
|
$955
|
2. Fair value of derivative asset proxy
|
|
$401
|
$412
|
Interim Value = Sum of 1 + 2
|
|
$1,394
|
$1,367
|
|
|
1 Year
|
1 Year
|
Indexed Term length
|
|
12
months
|
12
months
|
Months since Indexed Term Start Date
|
|
7
|
4
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
15%
|
15%
|
Performance Trigger Rate
|
|
12.5%
|
12.5%
|
Months to End Date
|
|
5
|
8
|
Change in Index Value is -15%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$(30)
|
$(33)
|
Interim Value = Sum of 1 + 2
|
|
$953
|
$940
|
Change in Index Value is -5%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$30
|
$24
|
Interim Value = Sum of 1 + 2
|
|
$1,013
|
$997
|
Change in Index Value is 10%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$93
|
$83
|
Interim Value = Sum of 1 + 2
|
|
$1,076
|
$1,056
|
Change in Index Value is 20%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$113
|
$105
|
Interim Value = Sum of 1 + 2
|
|
$1,096
|
$1,078
|
|
|
1 Year
|
1 Year
|
Indexed Term length
|
|
12
Months
|
12
Months
|
Months since Indexed Term Start Date
|
|
9
|
3
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
10%
|
10%
|
Dual Performance Trigger Rate
|
|
6%
|
6%
|
Months to End Date
|
|
3
|
9
|
Change in Index Value is -15%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$(4)
|
$(24)
|
Interim Value = Sum of 1 + 2
|
|
$989
|
$956
|
Change in Index Value is -5%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$43
|
$20
|
Interim Value = Sum of 1 + 2
|
|
$1,036
|
$1,000
|
Change in Index Value is 10%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$59
|
$49
|
Interim Value = Sum of 1 + 2
|
|
$1,052
|
$1,029
|
Change in Index Value is 20%
|
|
1 Year
|
1 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$993
|
$980
|
2. Fair Value of derivative asset proxy
|
|
$59
|
$55
|
Interim Value = Sum of 1 + 2
|
|
$1,052
|
$1,035
|
|
|
6 Year
|
6 Year
|
Indexed Term length
|
|
72
Months
|
72
Months
|
Months since Indexed Term Start Date
|
|
54
|
18
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Dual Rate
|
|
15%
|
15%
|
Performance Cap
|
|
70%
|
70%
|
Months to End Date
|
|
18
|
54
|
Change in Index Value is -15%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$(10)
|
$(12)
|
Interim Value = Sum of 1 + 2
|
|
$967
|
$922
|
Change in Index Value is -5%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$67
|
$57
|
Interim Value = Sum of 1 + 2
|
|
$1,044
|
$991
|
Change in Index Value is 10%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$175
|
$149
|
Interim Value = Sum of 1 + 2
|
|
$1,152
|
$1,083
|
Change in Index Value is 20%
|
|
6 Year
|
6 Year
|
1. Fair Value of the fixed income asset proxy
|
|
$977
|
$934
|
2. Fair Value of derivative asset proxy
|
|
$245
|
$205
|
Interim Value = Sum of 1 + 2
|
|
$1,222
|
$1,139
|
The Crediting Methods available are described
below:
|
|
Performance Cap without Annual Locks
• 1-Year Performance Cap (100% Protection only) – 0.10%
minimum rate
• 1-Year Performance Cap (excluding 100% Protection) – 1.00%
minimum rate
• 6-Year Performance Cap – 10.00% minimum rate
|
You receive all positive Index performance up to the Performance
Cap
on the End Date.
|
Performance Trigger Rate
• 1-Year Performance Trigger Rate – 1.00% minimum rate
|
You receive the Performance Trigger Rate, if the Index performance
is
zero or positive on the End Date.
|
Performance Cap with Annual Locks
|
You receive all positive Index performance up to the Performance
Cap
each year of the Indexed Term.
|
Dual Performance Trigger Rate
|
You receive 1) the Dual Performance Trigger Rate if the Index
performance is zero, positive, or negative within the Protection
Level; or
2) the Index performance percentage plus the Protection Level plus
the
Dual Performance Trigger Rate if the Index performance is negative
and
beyond the Protection Level.
|
Dual15 Plus
|
You receive the 1) the Dual Rate if the Index performance is zero
or
positive and equal to or less than the Dual Rate; or 2) the Index
performance up to the Performance Cap if the Index performance is
higher than the Dual Rate; or 3) the Performance Cap if the Index
performance is higher than the Performance Cap; or 4) the Index
performance plus the Dual Rate if the Index performance is
negative.
|
The downside protection method available when the
Index performance is negative:
|
|
Protection Level (Not available for Dual15 Plus
Indexed Accounts)
|
The portion of loss that the Company will protect you from if the
Index
performance is negative. If the negative Index performance is in
excess
of the Protection Level, there is a risk of loss of principal and any
previously credited amount to the Contractowner.
|
Indexed
Segment
Anniversary
|
Index %
Change
|
Account
Performance
Rate (adjusted for
Cap or Protection
Level)
|
Indexed Segment
Performance
Amount
|
Adjusted Indexed
Crediting Base/
Anniversary
Value
|
1/8/2026
|
+7%
|
+7%
|
$7,000
|
$107,000
|
1/8/2027
|
+12%
|
+10%
|
$10,700
|
$117,700
|
1/8/2028
|
-13%
|
-3%
|
-$3,531
|
$114,169
|
1/8/2029
|
-5%
|
0%
|
$0
|
$114,169
|
1/8/2030
|
+5%
|
+5%
|
$5,708
|
$119,877
|
1/8/2031
|
+17%
|
+10%
|
$11,988
|
$131,865
|
Reallocating To
|
Reallocating From
|
||
1-Year Term
|
3-Year Term
|
6-Year Term
|
|
1-Year Term
|
Allowed on any
Indexed Anniversary Date
|
Allowed on any
Indexed Anniversary Date
|
Allowed on any
Indexed Anniversary Date
|
3-Year Term
|
Allowed only on every 3rd
Indexed Anniversary Date
|
Allowed only on every 3rd
Indexed Anniversary Date
|
Allowed only on every 3rd
Indexed Anniversary Date
|
6-Year Term
|
Allowed only on every 6th
Indexed Anniversary Date
|
Allowed only on every 6th
Indexed Anniversary Date
|
Allowed only on every 6th
Indexed Anniversary Date
|
upon death of:
|
and...
|
and...
|
Death Benefit proceeds pass
to:
|
Contractowner
|
There is a surviving joint owner
|
The Annuitant is living or deceased
|
Joint owner
|
Contractowner
|
There is no surviving joint owner
|
The Annuitant is living or deceased
|
Designated Beneficiary
|
Contractowner
|
There is no surviving joint owner
and the Beneficiary predeceases the
Contractowner
|
The Annuitant is living or deceased
|
Contractowner's estate
|
Annuitant
|
The Contractowner is living
|
There is no contingent Annuitant
|
The youngest Contractowner
becomes the contingent Annuitant
and the Contract continues. The
Contractowner may waive* this
continuation and receive the Death
Benefit proceeds.
|
upon death of:
|
and...
|
and...
|
Death Benefit proceeds pass
to:
|
Annuitant
|
The Contractowner is living
|
The contingent Annuitant is living
|
Contingent Annuitant becomes the
Annuitant and the Contract
continues
|
Annuitant**
|
The Contractowner is a trust or
other non-natural person
|
No contingent Annuitant allowed
with non-natural Contractowner
|
Designated Beneficiary
|
|
1 Year
|
6 Year
|
6 Year
|
Indexed Term length
|
12
months
|
72
months
|
72
months
|
Months since Indexed Term Start Date
|
9
|
69
|
15
|
Indexed Crediting Base
|
$1,000
|
$1,000
|
$1,000
|
Protection Level
|
10%
|
10%
|
10%
|
Performance Cap
|
12%
|
100%
|
100%
|
Months to End Date
|
3
|
3
|
57
|
Change in Index Value is -30%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$(197)
|
$(197)
|
$(163)
|
Interim Value = Sum of 1 + 2
|
$800
|
$800
|
$777
|
Change in Index Value is -10%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$(28)
|
$(27)
|
$(6)
|
Interim Value = Sum of 1 + 2
|
$969
|
$970
|
$934
|
Change in Index Value is 20%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$104
|
$203
|
$210
|
Interim Value = Sum of 1 + 2
|
$1,101
|
$1,200
|
$1,150
|
Change in Index Value is 40%
|
1 Year
|
6 Year
|
6 Year
|
1. Fair value of the fixed income asset proxy
|
$997
|
$997
|
$940
|
2. Fair value of derivative asset proxy
|
$119
|
$401
|
$335
|
Interim Value = Sum of 1 + 2
|
$1,116
|
$1,398
|
$1,275
|
|
|
1 Year
|
1 Year
|
Indexed Term length
|
|
12
months
|
12
months
|
Months since Indexed Term Start Date
|
|
7
|
4
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
15%
|
15%
|
Performance Trigger Rate
|
|
12.5%
|
12.5%
|
Months to End Date
|
|
5
|
8
|
Change in Index Value is -15%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$(30)
|
$(33)
|
Interim Value = Sum of 1 + 2
|
|
$953
|
$940
|
Change in Index Value is -5%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$30
|
$24
|
Interim Value = Sum of 1 + 2
|
|
$1,013
|
$997
|
Change in Index Value is 10%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$93
|
$83
|
Interim Value = Sum of 1 + 2
|
|
$1,076
|
$1,056
|
Change in Index Value is 20%
|
|
1 Year
|
1 Year
|
1. Fair value of the fixed income asset proxy
|
|
$983
|
$973
|
2. Fair value of derivative asset proxy
|
|
$113
|
$105
|
Interim Value = Sum of 1 + 2
|
|
$1,096
|
$1,078
|
|
|
1 Year
|
1 Year
|
Indexed Term length
|
|
12
Months
|
12
Months
|
Months since Indexed Term Start Date
|
|
9
|
3
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Protection Level
|
|
10%
|
10%
|
Dual Performance Trigger Rate
|
|
6%
|
6%
|
Months to End Date
|
|
3
|
9
|
Change in Index Value is -15%
|
|
1 Year
|
1 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$993
|
$980
|
2. Fair Value of Replicating Portfolio of Options
|
|
$(4)
|
$(24)
|
Interim Value = Sum of 1 + 2
|
|
$989
|
$956
|
Change in Index Value is -5%
|
|
1 Year
|
1 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$993
|
$980
|
2. Fair Value of Replicating Portfolio of Options
|
|
$43
|
$20
|
Interim Value = Sum of 1 + 2
|
|
$1,036
|
$1,000
|
Change in Index Value is 10%
|
|
1 Year
|
1 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$993
|
$980
|
2. Fair Value of Replicating Portfolio of Options
|
|
$59
|
$49
|
Interim Value = Sum of 1 + 2
|
|
$1,052
|
$1,029
|
Change in Index Value is 20%
|
|
1 Year
|
1 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$993
|
$980
|
2. Fair Value of Replicating Portfolio of Options
|
|
$59
|
$55
|
Interim Value = Sum of 1 + 2
|
|
$1,052
|
$1,035
|
|
|
6 Year
|
6 Year
|
Indexed Term length
|
|
72
Months
|
72
Months
|
Months since Indexed Term Start Date
|
|
54
|
18
|
Indexed Crediting Base
|
|
$1,000
|
$1,000
|
Dual Rate
|
|
15%
|
15%
|
Performance Cap
|
|
70%
|
70%
|
Months to End Date
|
|
18
|
54
|
Change in Index Value is -15%
|
|
6 Year
|
6 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$977
|
$934
|
2. Fair Value of Replicating Portfolio of Options
|
|
$(10)
|
$(12)
|
Interim Value = Sum of 1 + 2
|
|
$967
|
$922
|
Change in Index Value is -5%
|
|
6 Year
|
6 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$977
|
$934
|
2. Fair Value of Replicating Portfolio of Options
|
|
$67
|
$57
|
Interim Value = Sum of 1 + 2
|
|
$1,044
|
$991
|
Change in Index Value is 10%
|
|
6 Year
|
6 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$977
|
$934
|
2. Fair Value of Replicating Portfolio of Options
|
|
$175
|
$149
|
Interim Value = Sum of 1 + 2
|
|
$1,152
|
$1,083
|
Change in Index Value is 20%
|
|
6 Year
|
6 Year
|
1. Fair Value of the Indexed Crediting Base
|
|
$977
|
$934
|
2. Fair Value of Replicating Portfolio of Options
|
|
$245
|
$205
|
Interim Value = Sum of 1 + 2
|
|
$1,222
|
$1,139
|
Accountant’s Fees & Expenses:
|
$ 40,000
|
Legal Fees & Expenses:
|
$115,000
|
Printing Fees & Expenses:
|
$ 60,000
|
Registration Fees:
|
$1,796,063
|
|
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
(Registrant)
|
|
|
/s/ Kimberly A. Genovese
|
|
|
By: Kimberly A. Genovese
|
|
|
Title: Vice President
|
|
Signature
|
Title
|
*/s/ Ellen Cooper
Ellen Cooper
|
President and Director
(Principal Executive Officer)
|
*/s/ Christopher M. Neczypor
Christopher M. Neczypor
|
Executive Vice President, Chief Financial Officer, and Director
(Principal Financial Officer)
|
*/s/Craig T. Beazer
Craig T. Beazer
|
Executive Vice President, Director, and General Counsel
|
*/s/ Jayson R. Bronchetti
Jayson R. Bronchetti
|
Executive Vice President, Chief Investment Officer, and Direc-
tor
|
*/s/ Adam M. Cohen
Adam M. Cohen
|
Senior Vice President and Chief Accounting Officer
(Principal Accounting Officer)
|
*/s/ Eric B. Wilmer
Eric B. Wilmer
|
Assistant Vice President and Director
|
*By: /s/ Kimberly A. Genovese
Kimberly A. Genovese
|
Pursuant to a Power of Attorney
|