The following At-a-glance provides an overview of the RAVA 5 Advantage variable annuity:
| Getting started | Minimum initial payment |
$1,000 for qualified $2,000 for non-qualified |
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| Minimum additional payments | $50 for all payments | ||||||||||||
| Maximum issue age for owner and annuitant | 90 | ||||||||||||
| Withdrawal charges | Contract years from payment receipt |
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| 7 year withdrawal charge schedule |
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| 10 year withdrawal charge schedule |
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| Each additional payment will have its own withdrawal schedule. Withdrawal schedules may vary by state. | |||||||||||||
| Liquidity | Cumulative earnings or 10% of the prior anniversary contract value can be annually withdrawn without charge. | ||||||||||||
| Fees and Expenses | Contract type | Mortality and expense fee (M&E) | |||||||||||
| 7-year Schedule – Non-qualified/Qualified | 0.95% | ||||||||||||
| 10-year Schedule – Non-qualified/Qualified | 0.85% | ||||||||||||
Subaccount management fees vary by fund and do not apply to the Guarantee Period Accounts (GPA), the Regular Fixed Account or the Special Dollar-Cost Averaging (DCA) Fixed accounts, where available. Contract administrative charge of $30 is deducted from the contract value on contract anniversary and at full surrender; waived for contract values or total purchase payments less payments surrendered of $50,000 or more. |
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| Investment Options and Asset Allocation | Choose from a wide range of investment options representing every major asset class from well known fund families. Design your own portfolio or enroll in the Portfolio Navigator program. For more information on Investment Options click here |
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| Optional Riders | Optional living and death benefit riders, available for an additional fee, may allow you to safeguard your savings, enjoy guaranteed retirement income and pass on wealth to your loved ones. Visit Optional Benefits to learn more or talk to your financial professional for more information. | ||||||||||||
| Performance | Performance for RAVA 5 Advantage is not available at this time | ||||||||||||
| Related Literature | |||||||||||||
For costs and complete details of coverage, speak to your financial professional. Certain types of contracts, features and benefits may not be available in all states. We offer other variable annuity contracts with different fees, charges and features. Not every contract is available through the same selling broker/dealer. You can contact us to find out the availability of other contracts at (800) 333-3437 (for New York call (800) 504-0469).
Click here for important information about the variable annuity products including features and benefits.
All guarantees are based on the continued claims-paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will vary with market conditions.
Click here for important information about the Portfolio Navigator program.