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Summit Prime FIA – Product Overview (Continued)

Premium Payments

Minimum single initial premium is $10,000 for non-qualified contracts and $5,000 for qualified contracts. Funds from multiple sources may be combined into a single initial premium prior to policy issue. Additional premiums are allowed after policy issue.

Summit Prime 5 and 7 permit additional premiums of at least $2,000 to be added during the first 12 months following the contract date, as often as once per month.

Summit Prime 10 permits additional premiums to be added during the first 3 years following the contract date as often as once per month.

Premiums added following the contract date or contract anniversary date will be placed into the Fixed Account (discussed later) until the next anniversary date and then allocated based on the client’s most recent Allocation / Reallocation (also discussed later).

Maximum initial or combined premium, without prior company approval, is $500,000. Premiums above $500,000 require submission of a Jumbo Annuity Questionnaire for company approval, before the application is submitted.

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