Annexus announced the following changes on the BalanceChoice Annuity (BCA) and BalancedAllocation Annuity* (BAA) products effective August 12, 2013.
1. Increase in bonus for BCA:
- BCA 12: 8% bonus
- BCA 10 and 8: 6% bonus
2. Equity allocation percentage increases:
- 2% on the BCA 8, 10S and 12
- 5% on the BAA 12
- 5% on the BAA 10 FL
For example: BCA 12
- Option A (Indexed/Declared): 55%/45% to 57%/43%
- Option B (Indexed/Declared): 45%/55% to 47%/53%
- Option C (Indexed/Declared): 35%/65% to 37%/63%
To view the official announcement including disclosures, click here.
*As a reminder, the BalancedAllocation Annuity (BAA) is sunsetting in all states that have approved the BCA product. Click here for a complete list of these states.