Quick Facts
0 to 85
Issue Ages
$20,000
Minimum Premium
$1,000,000 (Age 0-75)
Maximum Premium
$500,000 (Age 76-85)
Maximum Premium
Owner must be an annuitant except for non-natural entity
Joint Owners must be joint annuitants
Premiums over thresholds shown require prior approval
Contract Specifications
State Approval:
All states except NY, GU.
Minimum Contract Value:
100% of premium paid, less withdrawals and early withdrawal surrender charges (see below) or if greater, 87.5% of premium accumulated, less withdrawals at the non-forfeiture rate.4
Reallocation Options:
Owner may reallocate a minimum of $5,000 per strategy on each contract anniversary with notice prior to the contract anniversary date.
$5,000 must remain in any one strategy.
Reallocation is subject to available strategies at that time.5
Surrender Charges for Early Withdrawal:
5 years - 8%, 8%, 7%, 6%, 5%, 0%
If owner withdraws more than the penalty-free amount in any of the first five years of the contract, excess withdrawals will be subject to surrender charges.
Penalty-Free Access:
Up to 10% penalty-free lump sum/periodic withdrawals available 30 days after the issue date.6
Traditional & Roth IRA:
Owner may transfer or roll over funds from IRAs or qualified pension plans.
No additional tax advantages beyond standard IRA benefits.
Nursing Care Benefit:
25% penalty-free annual withdrawals.7
Terminal Illness Benefit:
Full access after first year.8
Death Benefit:
Upon annuitant's death, the beneficiary will receive the greater of the annuity value or the minimum contract value.
Benefit passes directly without probate delays.
4 The minimum contract value will be reduced by applicable premium tax.
5 Available strategies may change over time. Minimum and maximum allocation requirements apply. In either case, the minimum guaranteed value will be reduced by any applicable tax.
6 Withdrawals may be subject to federal/state income tax and, if taken before age 59 1/2, an additional 10% federal penalty tax. Systematic withdrawals may only be scheduled on the contract anniversary.
7 Annuitant must be admitted to a qualified nursing facility after contract issue date and remain confined for 90 consecutive days. Available to owner for annuitants ages 74 and younger. In CA, FL, ND & SD the 90 consecutive day confinement must start after the first contract year.
8 Available after first contract year upon annuitant’s diagnosis by qualified physician after contract date. Terminal illness is a condition reasonably expected to result in death within twelve months.
Optional Enhanced Death Benefit9
Available exclusively with Reliance Accumulator products
Build More. Leave More
For an additional annual fee of 0.40%, an optional enhanced death benefit can help build a lasting legacy with guaranteed protection for all of your client’s beneficiary(s) against market uncertainty.
Offers flexible withdrawal options for Required Minimum Distributions10 and benefits for spousal beneficiaries.11
This benefit transforms your client’s legacy planning with dependable 8% simple interest growth throughout the contract for up to 13 years.
Enhanced death benefit example based on $100,000 initial premium with individual ownership and no withdrawals. At start of:
- Year 2: $108,000 Legacy begins growing
- Year 3: $116,000 Protection grows stronger
- Year 4: $124,000 Continued guaranteed increases
Any withdrawals will reduce the death benefit amount according to the withdrawal rules described in the contract.10
9 EDB Available only at contract issue for individual owners who are also the annuitant, age 75 and younger. Not available for joint owners, joint annuitants, or corporate/trust ownership. Not available in all states; benefits may vary by state.
10 Required Minimum Distributions reduce the benefit dollar-for-dollar; other withdrawals result in proportional reductions.
11 If spouse is named as sole primary beneficiary, they may have the option to continue contract including any enhanced death benefit payment amount.