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Liquidity Features

Heritage Series and Liberty Series deferred annuities, have the following liquidity features.
  • Heritage Elite – RMD only.
  • Heritage Premier, Premier Plus, or Liberty Series – 30 days after issue
    • RMD
    • Monthly interest payments (minimum of $100) may be requested via check or direct deposit. Payments will vary slightly from month to month, based on the number of days in the month. (interest is compounded daily)
    • If systematic withdrawal of interest is not requested, the accumulated interest may be withdrawn once annually for Heritage Premier or Premier Plus or up to two times per contract year for Liberty Series.
  • Heritage Classic
    • RMD
    • 10% Annual withdrawal of Accumulated Value (interest and principal) starting in Year 2.
  • Heritage Accumulator – 100% liquid
  • All other withdrawals will be subject to Surrender Charges and Market Value Adjustment.

For Traditional IRAs only, the following additional liquidity features are available:
  • Surrender charges will not apply to withdrawals made in compliance with Internal Revenue Code section 72(t)(2)(iv).
  • Surrender charges will not apply to withdrawals necessary to meet the IRS RMD requirements, based on the value of the contract on the preceding December 31.


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