The following product updates apply to any Prosperity Elite® series and Safe Income Plus® applications that are not funded and in good order prior to January 29, 2015.
Prosperity Elite 7*
• Enhancement package
- The charge for the Guaranteed Minimum Death Benefit (GMDB) rider will change to 50 bps
• Protection package
- The charge for the Enhanced Guaranteed Minimum Withdrawal Benefit (EGMWB) rider will change to 80bps
- The charge for the Enhanced Guaranteed Minimum Death Benefit (EGMDB) rider will change to 50 bps
Prosperity Elite 10*
• Enhancement package
- The vesting premium bonus will change to 3% for issue ages 0-75 and 1.5% for issue ages 76+
- The charge for the GMDB rider will change to 50 bps
• Protection package
- The vesting premium bonus will change to 6% for issue ages 0-75 and 3% for issue ages 76+
- The charge for the EGMWB rider will change to 80bps
- The charge for the EGMDB rider will change to 50 bps
Prosperity Elite 14*
• Enhancement package
- The vesting premium bonus will change to 4% for issue ages 0-75 and 2% for issue ages 76+
- The charge for the GMDB rider will change to 50 bps
• Protection package
- The vesting premium bonus will change to 7% for issue ages 0-75 and 3.5% for issue ages 76+
- The charge for the EGMWB rider will change to 80bps
- The charge for the EGMDB rider will change to 50 bps
Safe Income Plus
- The vesting premium bonus will change to 7%
- The payout percentages will change to:
| Annuity Age | 50 | 55 | 60 | 65 | 70 | 75 | 80 | 85 | 90+ |
| Single Annuitant | 3.40% | 3.90% | 4.40% | 4.90% | 5.40% | 5.90% | 6.40% | 6.90% | 7.40% |
| Joint Annuitant | 2.70% | 3.20% | 3.70% | 4.20% | 4.70% | 5.20% | 5.70% | 6.20% | 6.70% |