The Foundations Annuity features vary by state, including but not limited to the Surrender Charge rates, Surrender Charge period, Bonus, and applicability of the Market Value Adjustment.
Product not available for sale in New York.
| States | Product Bonus applied to all first contract year premiums | Free Withdrawals (no SC or MVA) |
Nursing Home / Terminal Illness Waiver |
Market Value Adjustment |
Free Look Period |
Items to Note |
|---|---|---|---|---|---|---|
| AL, AR, AZ, AR, CO, DE, DC, GA, HI, IA, IL, KS, KY, LA, MD, ME, MI, MS, MT, NC, NE, NM, NV, OK, SD, TN, VA, WI, WV, WY | 1% (vested immediately) | After year 1 up to 10% and each year thereafter | Yes | Yes | 15 days | N/A |
| AK, IN, MN, MO, NH, NJ, OH, OR, PA, SC, TX, UT, WA | 1% (vested immediately) | After year 1 up to 10% and each year thereafter | Yes | No | 15 days | N/A |
| ID, ND, RI | 1% (vested immediately) | After year 1 up to 10% and each year thereafter | Yes | Yes | 20 days | N/A |
| CA | 1% (vested immediately) | After year 1 up to 10% and each year thereafter | No | No | 15 days; 30 days for seniors 60+ | N/A |
| CT | 1% (vested immediately) | After year 1 up to 10% and each year thereafter | Yes (waives Surrender Charge only) | Yes | 15 days | N/A |
| FL | 1% (vested immediately) | After year 1 up to 10% and each year thereafter | Yes | Yes | 21 days for seniors 65+ | N/A |
| MA | 1% (vested immediately) | After year 1 up to 10% and each year thereafter | Terminal Illness Waiver Only | Yes | 15 days | N/A |
| NJ | 1% (vested immediately) | After year 1 up to 10% and each year thereafter | Nursing Home Waiver Only | Yes | 15 days | N/A |
| NY: Not Filed. SBL is not licensed in and does not conduct business in NY. |
Surrender Charge Schedule for all States, except CT and DE
| Interest Rate Guarantee Period | During Initial and Subsequent Guarantee Period |
|---|
| Year | ||||||||
|---|---|---|---|---|---|---|---|---|
| 5 Year | 9% | 8% | 7% | 6% | 5% | 0% | ||
| 7 Year | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 0% |
Surrender Charge Schedule for CT and DE only
| Interest Rate Guarantee Period | During Initial and Subsequent Guarantee Period |
|---|
| Year | ||||||||
|---|---|---|---|---|---|---|---|---|
| 5 Year | 8.25% | 7.25% | 6.50% | 5.50% | 4.50% | 0% | ||
| 7 Year | 8.25% | 7.25% | 6.50% | 5.50% | 4.50% | 3.50% | 2.50% | 0% |