Course Outline
Single-Premium Deferred Annuities: Premiums and Fees
Single-Premiums Deferred Annuities - Plus One & Encore Annuities
Annuitant’s Account Value =
- Initial premium + Supplemental Premium + Interest Credited – Withdrawals – Maintenance Fee
Initial Premium
- Amount submitted with the application
- Minimum initial premium is $2,000
Supplemental Premium
- Accepted during the 12 months following the issue date
- Minimum supplemental premium is $100
Maximum Premium
- Maximum premium without Assurity approval is $500,000
Maintenance Fee
- May be deducted from the annuitant’s account at the end of each policy year
- Currently, Assurity is not assessing this fee
