SmartSelect Single Premium Deferred Annuity

SmartSelect offers tax-deferred growth, a guaranteed death benefit and flexible withdrawal privileges.

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Benefits of SmartSelect

Interest rates are guaranteed for your choice of 3, 4, 5 or 6 years.
You select a new guaranteed rate for every subsequent period.
Interest earnings grow tax-deferred until withdrawn. This usually happens when you retire and are likely to be in a lower income tax bracket.
You can withdraw up to 10% of your account value every year without incurring a withdrawal charge.
If you die during the accumulation period, the account value will transfer to your designated beneficiary.

Could This Single Premium Deferred Annuity Be Right for You?

A single premium deferred annuity may be the right fit for a number of reasons:

You want earnings that grow tax-deferred at interest rates guaranteed not to fall below a certain minimum.
You want to make one lump-sum contribution.
You are looking for income for that can continue for a lifetime.

Details About This SmartSelect Annuity

During a guarantee period of more than one year, which is called a Guaranteed Rate Option (GRO), an MVA applies to annuity options and withdrawals in excess of the free withdrawal amount. The MVA reflects the effect of the change in the interest rates we offer between the time the GRO was selected and the time the MVA is applied. Generally, if interest rates increase, the MVA reduces your contract’s value. On the other hand, if interest rates decrease, the MVA increases your contract’s value. The amount of any MVA will never be greater than the MVA Maximum, which is the difference, whether positive or negative, between:

the current Account Value; and
the Account Value applied at the beginning of the current GRO, minus withdrawals taken during the current GRO (including any withdrawal charge, but not considering any MVA), plus interest credited at the GMIR.

The MVA Maximum applies to both negative and positive MVAs. If the MVA is negative, the MVA Maximum is the maximum negative adjustment; if the MVA is positive, the MVA Maximum is the maximum positive adjustment. MVA does not apply during the last 30 days of the GRO or to the death benefit.

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IMPORTANT DISCLOSURES

Single Premium Deferred Annuity Contract with Market Value Adjustment Feature series ICC18 ENT-06 and ENT-06 1805 NY.

GROs are credited with annual effective interest rates, taking into account daily compounding of interest. Account value may be allocated to one GRO period only.

GRO periods cannot be selected beyond maturity date. Account value must be at least $5,000 for GRO renewal election.

Withdrawals of taxable amounts are subject to ordinary income tax and, before age 59½, generally subject to a 10% IRS penalty tax. A charge may be assessed against the account value if a withdrawal is made during the withdrawal period that exceeds the free amount.

Annuity contracts have terms and limitations for keeping them in force. Please contact a financial representative for complete details. An annuity is a long-term financial vehicle designed for retirement. An insurance company accepts premiums and provides future income or a lump-sum amount to the contract owner by contractual agreement.

Payment of benefits under an annuity contract is the obligation of and is guaranteed by, the insurance company issuing the annuity. Guarantees are based on the claims-paying ability of the insurer. All are members of Western & Southern Financial Group. W&S Financial Group Distributors, Inc. (doing business in CA as W&S Financial Insurance Services) is an affiliated life insurance agency of the issuer. The issuer has sole financial responsibility for its products. This contract has limitations. Annuity benefits offered may vary due to misstatement of sex or age. Interest rates are declared by the insurance company at annual effective rates, taking into account daily compounding of interest.

Western & Southern member companies and their agents do not offer tax advice. For specific tax information, consult your attorney or tax advisor.

Product and feature availability, as well as benefit provisions, vary by state. See your financial professional for availability, details, and limitations.

No bank guarantee. Not a deposit. May lose value. Not FDIC/NCUA insured. Not insured by any federal government agency.