Select Choice with PFW 7
Multi-Year Guarantee Annuity
The Select Choice with PFW 7 is a deferred multi-year guarantee annuity issued by Prosperity - S.USA Life Insurance Co.
This annuity is a premium banded product. The interest rate you earn will vary depending on the amount of premium you deposit (see Rate Details below). Currently, the highest 7 year guarantee period annual yield is 5.25% on premium amounts of $100,000 - $1,000,000. This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Select Choice with PFW 7 has a full penalty free withdrawal window after 7 years.
This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.
Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.
Prosperity - S.USA Life Insurance Co is rated “A-” by A.M. Best, was founded in 1995, and has over $7.4 billion in total assets.
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Jan 15th, 2025
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7 years
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| Current | ||
|---|---|---|
| 7 Year Guarantee Period Annual Yield: | 5.25% | |
| Interest rate start of year 1 through end of year 7: | 5.25% | |
Accumulation Value (assuming no withdrawals) |
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| Current | ||
|---|---|---|
| 7 Year Guarantee Period Annual Yield: | 5.05% | |
| Interest rate start of year 1 through end of year 7: | 5.05% | |
Accumulation Value (assuming no withdrawals) |
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| Current | ||
|---|---|---|
| 7 Year Guarantee Period Annual Yield: | 5.05% | |
| Interest rate start of year 1 through end of year 7: | 5.05% | |
Accumulation Value (assuming no withdrawals) |
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7 years
7 years
7 years
State variations may exist, refer to product disclosure for details.
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$5,000
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$2,000
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$1,000,000
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$1,000,000
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85
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85
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60 days
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Yes
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Accumulation Value
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No
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None
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No
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Yes
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See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Not available in: CT, HI, MT, NH, NY, ND and SD (as of 10/01/2024)
In CA: Hospitalization and Nursing Home confinement waivers not available.
Includes Penalty Free Withdrawal (PFW) Rider: In each year after the first, the withdrawal charge and MVA will be waived on the amount of the FIRST withdrawal made per year up to 10% of the Accumulation Value.
Description Here
