Issue Ages
0-85 Owner/Annuitant
Minimum Premium
$10,000
Interest Rates and Guarantee Periods
The ElektraŽ-6810 offers interest rates that are guaranteed for six, eight or ten years. The interest rates are reviewed regularly. Ask your agent about the current interest rates.
Surrender Penalties
There are no initial sales charge or fees, which means that 100% of your premium earns interest from the date we receive it. However, a Market Value Adjustment and Surrender Charge will apply to surrenders made before the end of the interest guarantee period.
The Market Value Adjustment factor is calculated by comparing the initial interest rate with the interest rate currently credited on new issues at time of surrender and factoring in the time remaining in the interest guarantee period. This can result in a credit to your annuity value during a period of decreasing rates, or conversely a deduction from your annuity value during a period of increasing rates.
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