Integrity Life

2.43%
7 Year Term
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company Information

Company Name

Integrity Life

product Name
SPDA Series II 3
Description
Integrity Life Insurance Company is part of the Western & Southern Family Group portfolio of companies. Integrity Life has offered innovative products since 1966. They design annuities that provide lifetime income you can count on. Integrity Life believes lifetime income is a key part of a successful retirement plan. They are based in Cincinnati, OH. Integrity Life does business through a wide range of banks, financial advisors and insurance agencies. They are licensed to sell products in all states except for NY.
am best rating
A+ Superior (2nd of 13 ratings)
Product Type
Fixed
Product description

Fixed annuities are for conservative investors who want safety, security, and guarantees.

You will preserve your principal and earn a fixed rate of return.

You might hear fixed annuities also called CD-like annuities or multiple-year guarantee annuities (MYGA's).

If you are sensitive to loss and don't want to lose a penny, a fixed annuity might be a good fit for some of your savings.

Read our educational articles on fixed annuities to learn more.

term
7 yrs
minimum investment
$ 3,000
maximum investment
$ 1,000,000
maximum age
85
withdrawal allowance
During the life of the contract you can withdraw 10% of the account balance penalty-free.

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*Please provide an investment amount before applying.

Guaranteed Returns

Disclaimer: Some companies have rate banding and pay different rates based on your investment amount.

Please enter an accurate investment amount.

$
Should be at least $5,000
The maximum investment is $1,000,000
The field is required.
YEARRATEEARNINGSCUMULATIVE EARNINGSBALANCE
12.00%$ ?$ ?$ ?
21.00%$ ?$ ?$ ?
31.00%$ ?$ ?$ ?
40.00%$ ?$ ?$ ?
50.00%$ ?$ ?$ ?
60.00%$ ?$ ?$ ?
70.00%$ ?$ ?$ ?
Total$ ?$ ?$ ?

Enter an investment amount to calculate your earnings and account balance over the life of the contract.

Surrender Charge Schedule

Surrender charges are a penalty charged to early withdrawals of annuity contract. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends.

percentage charged to withdrawal

Year
Percentage
1
7%
2
7%
3
7%
4
6%
5
5%
6
4%
7
3%
market-value adjustment (MVA)

A market value adjustment is basically an additional charge or credit for taking money out early from an annuity.

They allow companies to pay a higher rate and make longer-term investments.

MVAs only affect you if you withdraw funds early. If you own the contract to maturity, they do not apply.

other Information

moody’s ratingAa3 Excellent (4th of 21 ratings)
fitch ratingAA Very Strong (3rd of 21 ratings)
S&P ratingAA- Very Strong (4th of 21 ratings)
phone number(800) 325-8583
Product brochure
agent
commission
2.25 - 4.00%. We are paid from the insurance company general fund. It is not deducted from your account value. 100% of your money is working for you from day one. We could earn a higher commission based on sales volume and taking a more active role in the application process.
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Rate Effective DateSeptember 1st 2022
premium TypeSingle Premium Annuity
account TypePersonal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b).
Not available inME, NH, NY, PR, VI, VT
options at
maturity

At the end of your contract term, you have the following options.

1. Withdrawal any amount free of charges and fees.
2. Renew the contract for the same term, if available.
3. Renew the contract for a different term, if available
4. Transfer the balance to another company via a 1035 exchange.
5. If you do nothing, the contract usually renews for the same term at the rates available at that time. Renewal letter are mailed, but we suggest you track this.

death benefit provisionIf you pass away before the end of your annuity contract, your beneficiaries will receive the accumulated policy value. This value will include all interest you have earned and be passed without any charges or fees.
taxesAnnuities typically grow tax-deferred. If you withdrawal money that has never been taxed, withdrawals are 100% taxable. Non-qualified withdrawals have been taxed already, so only interest is taxed. This is called an exclusion ratio. Interest would be taxed, but the principal would not. Please work with a qualified specialist.
surrender schedule
7%, 7%, 7%, 6%, 5%, 4%, 3%
free-look period10 Days
RMDYes
market value adjustmentNo
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