Prosperity Elite® 7 and 10:
- Will have the following lite surrender charges:
Prosperity Elite 7 - 9%, 9%, 8%, 7%, 6%, 5%, 4%, 0%
Prosperity Elite 10 - 9%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0%
- Will have a different compensation schedule than the standard version
- Will have variances to the Guaranteed Minimum Withdrawal Benefit (GMWB) rider:
The impairment feature (income doubler) will not be offered
Termination of the GMWB rider will be allowed after the surrender charge period (seven or 10 years)
- The Protection Package will only offer the lump sum payout as part of the Guaranteed Minimum Death Benefit Rider
- Requires Product Specific Training be completed prior to solicitation, which can be found on SalesLink.
Call PMG at 877-512-9287 with your questions or to request contracting.