Select Choice with ROP and PFW 5
Multi-Year Guarantee Annuity
The Select Choice with ROP and PFW 5 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 5 year guarantee period annual yield is 4.95% 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 ROP and PFW 5 has a full penalty free withdrawal window after 5 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.
|
Jan 15th, 2025
|
|
|
5 years
|
| Current | ||
|---|---|---|
| 5 Year Guarantee Period Annual Yield: | 4.95% | |
| Interest rate start of year 1 through end of year 5: | 4.95% | |
Accumulation Value (assuming no withdrawals) |
||
| Current | ||
|---|---|---|
| 5 Year Guarantee Period Annual Yield: | 4.70% | |
| Interest rate start of year 1 through end of year 5: | 4.70% | |
Accumulation Value (assuming no withdrawals) |
||
| Current | ||
|---|---|---|
| 5 Year Guarantee Period Annual Yield: | 4.70% | |
| Interest rate start of year 1 through end of year 5: | 4.70% | |
Accumulation Value (assuming no withdrawals) |
||
5 years
5 years
5 years
State variations may exist, refer to product disclosure for details.
|
$5,000
|
$2,000
|
|
$1,000,000
|
$1,000,000
|
|
85
|
85
|
|
60 days
|
Yes
|
|
Accumulation Value
|
No
|
|
None
|
|
|
No
|
Yes
|
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 Guaranteed Return of Premium (ROP) Rider: At least the full initial premium deposit, less any previous withdrawals and premium taxes, will be available should the policy be surrendered.
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
