FIT SPDA Landing Page

FIT Single Premium Indexed Annuities

Not available to sell in NY. Product pending in OR.

Four Products Your Lump-Sum Premium Customer – and You – Will Love!

Whether it's guarantees against losses due to market volatility,1 flexibility or a lifetime of income, FIT Single Premium Indexed Annuities offer custom financial solutions funded by lump sum premium and are especially effective for clients with:

  • Rollovers, such as from an employer-sponsored plan or Individual Retirement Account
  • Non-qualified lump sums such as a bank CD coming due or other liquid accounts earmarked for long-term savings
  • Inheritances or other sudden windfalls like winnings, settlements, rewards or gifts

Now, you can help your clients grow and protect their retirement savings to be FIT –
Financially Independent for Tomorrow.


What’s the best FIT?

That depends on your client’s specific short- and long-term accumulation and income goals. Customize each client’s strategy among four unique products with a wide selection of features.

  INCOME ACCUMULATION
Short Term
FIT Focus Income Brochure
FIT Focus Growth  Brochure
Long Term
FIT Horizon Income Brochure
FIT Horizon Growth Brochure

Meet Some Model Prospects.


  • Looking to use savings as a bridge to Social Security
  • Over 10 years until money is accessed

FIT Horizon Growth
  • Retired with RMDs on horizon Looking to leave a legacy
  • Under 10 years until money is accessed

FIT Focus Growth
  • On the threshold of retirement
  • Looking for predictable income
  • Under 10 years until income is needed
FIT Focus Income
  • Looking to focus on turning savings into retirement income
  • Over 10 years until income is needed

FIT Horizon Income

Your customers can choose among five interest crediting strategies to fuel their annuity!

New custom options allow for even greater diversification.

US Fundamental Balanced Index
Annual Point to Point with a Participation Rate
Seeks to minimize volatility through a blend of US Equities, US Treasuries and Cash. The US Fundamental Balanced Index aims to capture the low volatility premium within US Equities. The asset classes are rebalanced daily to minimize risk and the mix of US Equities is revised quarterly. Created and owned by PIMCO.

Global Balanced Index
Annual Point to Point with a Participation Rate
Seeks to minimize volatility through a blend of Global Equities, Bonds and Commodity Sectors. The composition of the Global Balanced Index is rebalanced monthly based on the SG Sentiment Indicator which examines six cross asset indicators for expansion and contraction. The overall allocation is reviewed daily to reduce volatility. Created and owned by Societe Generale.



Further diversify among our more traditional options.

S&P 500® Annual Point to Point with a Cap
Interest crediting is based on the percentage change in the index over the course of a one-year period. Positive percentage change is limited by a Cap Rate. If the index is negative no interest is credited to the Account Value.

  • Cap is determined at the start of the account year.

S&P 500® Annual Monthly Sum Cap
This index also tracks the world’s premier equities benchmark, but its credit is calculated based in part on the 12 monthly changes in the index during the year. Unlike the point to point crediting method, we apply the Cap to each monthly change, then total the 12 months (both positive and negative) to determine the credited amount.

  • Offers strong interest potential during market upturns.
  • Cap is determined at the start of the account year.

Declared Crediting
A basic yet effective approach, in which interest is credited daily at a declared effective annual rate that we set at the start of each one-year crediting period.



How do the indexes compare?

Following are hypothetical values using current rates and caps to create a 15-year lookback using FIT Horizon Growth.

  Index Average Current Rate Average Rate Booster Average
S&P 500® 6.8% 2.2% 2.3%
US Fundamental Balanced Index 5.5% 4.5% 5.9%
Global Balanced Index 7.1% 5.8% 7.9%

Rate booster values are net of 1% charge. Hypothetical values using current rates and caps as of 06-15-2020.
Past performance is no indication of future performance. These rates may not be shared with consumers.




Plus, your customers can leverage a selection of product features.

The optional Rate Booster strategies provide greater interest crediting potential2 and are available on all indexed crediting options. Policyholders may:

  • Allocate between the boosted and non-boosted strategies.
  • Reallocate annually into or out of boosted strategies.

Only funds allocated to Rate Booster strategies pay a 1% annual charge deducted from its Accumulation Value and rates are subject to change.


Index – FIT Horizon Growth Current Rate Booster
S&P 500 Point to Point Cap 3% 4.9%
US Fundamental Balanced - Participation 80% 125%
Global Balanced - Participation 80% 125%

The GLIR rider ensures that customers have the option to receive retirement income that they can never outlive, while leaving them in control of their remaining Accumulation Value.

FIT Horizon Income clients must select either the Max Bonus GLIR or the Split Bonus GLIR at issue. The annual cost is 1% of the Accumulation Value.

FIT Focus Income clients must select either Standard GLIR or No Charge GLIR at issue. The annual cost for the Standard GLIR is 1% of the Benefit Calculation Base deducted from the Account Value.


Max Bonus GLIR

Available on FIT Horizon Income

Max Bonus GLIR provides a one-time Activation Bonus that scales up payments when the client is ready to start receiving income – raising the amount received. Max Bonus GLIR may be best for those focused on receiving the maximum income in retirement.

How it works

  • Policy must be in force 1 full policy years before Max Bonus GLIR can be elected
  • At election of income, the Accumulation Value is an activation bonus, based on how long the policy has been in force, then by the Guaranteed Withdrawal Percentage based on the annuitants current age.
  • This GLIR has a 1% annual charge

Split Bonus GLIR

Available on FIT Horizon Income
Split Bonus GLIR provides the option to split the bonus between a one-time 5% immediate interest credit at issue and a one-time activation bonus when the client is to start receiving income. For clients who want to boost Accumulation Value (AV) and have a competitive income in retirement, the Split Bonus GLIR may be a good fit for them.

How it works

  • Policy must be in force 1 full policy years before income can be elected.
  • An Immediate Interest Credit is applied to the AV of the Policy
  • At election of income, the accumulation value is multiplied by an activation bonus, based on how long the policy has been in force, then by the Guaranteed Withdrawal Percentage based on the annuitants current age.
  • This GLIR has a 1% annual charge

Standard GLIR

Available on FIT Focus Income
GLIR is designed to kickstart retirement income with a 15% upfront bonus to the Benefit Calculation Base (BCB), which determines how much future lifetime income can be paid.

How it works

  • The BCB equals premium paid at issue and is increased by a 15% bonus.
  • The BCB rolls up at a 5.5% simple Rollup Rate until the earlier of election of income or the 10th policy anniversary.
  • At election of income, the BCB is multiplied by a Guaranteed Withdrawal Percentage based on the annuitant’s attained age to determine lifetime income
  • This GLIR has a 1% annual charge based on the BCB deducted from the accumulation value


No Charge GLIR

How it works

Available on FIT Focus Income

  • The Benefit Calculation Base (BCB), equals premium paid
  • The BCB rolls up at a 5.5% simple Rollup Rate until the earlier of election of income or the 10th policy anniversary.
  • At election of income, the BCB is multiplied by a Guaranteed Withdrawal Percentage based on the annuitant’s attained age to determine lifetime income
Activities of Daily Living
1. Bathing
2. Toileting
3. Transferring
4. Dressing
5. Continence
6. Eating

The GLIR Income Doubler doubles lifetime income for up to 5 years when it is needed most.

To qualify for the Income Doubler, the annuitant must be unable to perform two of six Activities of Daily Living permanently, and

  • Policy must be in force for at least 2 years.
  • Policy Accumulation Value is greater than zero.
  • Income is elected on single life.
  • No Excess Withdrawals taken in current policy year.
  • Annuitant resides in United States.

When these requirements are met, annuitant income is doubled until the earlier of 5 years since Doubler activation, or the depletion of Accumulation Value.

The Increasing Income Option allows for annual income increases as a hedge against inflation.

Level
Income is received at a level rate for life.

Increasing
The initial income is less than level income, due to the Guaranteed Withdrawal Percentage being 1% lower at all ages.

  • Income increases by 2.5% compounding until the Accumulation Value is depleted.
  • After depletion income remains at highest level thereafter.*

*Assuming no excess withdrawals.

With the Legacy Death Benefit Rider, potential for an amount greater than policy’s Accumulation Value is available for beneficiaries. There is a 1% annual charge and the rider may be cancelled at any time.

  • No wait or insurability requirement
  • Beneficiary can choose to receive:
    • 100% of the Benefit Calculation Base over 5 years, or
    • The greater of 80% of the Benefit Calculation Base or the death benefit of the policy as a lump sum

If the 5 year option is requested by the beneficiary(ies), the first payment is made upon death claim and followed by:

  • 5 annually, or
  • 20 quarterly, or
  • 60 monthly

The following riders are available at no additional cost in states where approved.

Nursing Care - Gives clients peace of mind that they will have access to a portion of savings without surrender charges in the case of a qualifying event.

Not available in: CA, IL, LA, MA, MT, NH, NJ, SC, SD, WA, WV, WI. See policy for qualification and limitations. 

Terminal Illness Benefit - Eliminates withdrawal charges for the annuitant on one withdrawal if the policy has been in force longer than one year at the onset of the terminal illness, from which the client is physician-certified to have 12 months or fewer live.

Not available in: CA, IL, LA, MA, MO, MT, NH, NJ, OR, PA, UT, WV, WI. See policy for qualification and limitations.





Consumer Education
  INCOME ACCUMULATION
Short Term
FIT Focus Income Brochure

Predictable income Guaranteed Lifetime Income Rider (GLIR)
FIT Focus Growth  Brochure

5% Immediate Interest Credit with optional Death Benefit Rider
Long Term
FIT Horizon Income Brochure

Market indexed interest-based Guaranteed Lifetime Income Rider (GLIR)
FIT Horizon Growth Brochure

Potential long-term accumulation with optional Death Benefit Rider

For Consumer Use:



For Agent Use Only - Not for Use with the Public:



Before You Sell

Complete the required product training:

  • Log into your National Life Group portal
  • Hover over Training/Product and choose Annuity.
  • Once on the Annuity screen select Products Training
  • On the Products Training page review the Indexed Annuity Product link
  • Attest you reviewed the information

You must complete product training on these new products prior to your first solicitation.



Questions?

Contact the NLG Sales Desk at
1-800-906-3310, option 1.


Having Trouble?

Contact iPipeline Support at
1-800-641-6557, option 1.