Oceanview Caplock Fixed Indexed Annuity
The Oceanview Life CapLock Fixed Indexed Annuity is a 5-Year Fixed Indexed annuity designed for growth. You can allocate your money, once a year on the policy anniversary, between a guaranteed interest rate account and a benchmark stock index account.
CapLock Fixed Indexed Annuity Highlights:
- Penalty-free withdrawals available.
- Participate in stock market gains without any downside risk.
- Offers "Guaranteed Cap Rates" which will stay the same throughout the surrender charge period.
- Click to read the CapLock Fixed Indexed Annuity company brochure.
| CapLock Fixed Indexed Annuity Interest Rates | ||||
|---|---|---|---|---|
| Index | Strategy | Guaranteed Cap Rates | Cap Rates | Participation Rate |
| S&P 500 | 1 Year Point to Point | 8.00% | 8.25% | 45.00% |
| 2 Year Point to Point | N/A | N/A | 55.00% | |
| Nasdaq-100 | 1 Year Point to Point | 7.50% | 8.25% | N/A |
| Russell-2000 | 1 Year Point to Point | 7.50% | 8.25% | N/A |
Frequently Asked Questions About the CapLock Fixed Indexed Annuity:
Q: What is the minimum premium I need to pay?
A:$20,000
Q: Am I paid a bonus on my initial premium at sign-up?
A:No. There is no premium bonus.
Q: Can I pay additional premium later on?
A: No, this is a single premium product.
Q: Are there any age restrictions?
A:Yes. You can purchase this annuity up to age 89. In some states the age requirements may differ.
Q:In which states is the CapLock Fixed Indexed Annuity available?
A:The CapLock Fixed Indexed Annuity is not available in all states. Call 800-872-6684 to find out if it's available in your state.
Q: Does this annuity have an income rider (for withdrawing income)?
A: No
Q: For how long are surrender charges in effect?
A:5 Years
Q:Does the CapLock Fixed Indexed Annuity permit any withdrawals without penalties?
A:Yes. After the first contract year, up to 10% of the account value as of the most recent contract anniversary may be withdrawn annually without surrender cahrges or MVA.
Q:What benchmark indices do the Index Foundation offer?
A:S&P 500, Nasdaq-100, Russell-2000
Q: What are the index account options?
A:Annual Point-to-Point
Q: What is the Method for Crediting Interest or Gains?
A: Cap rates, participation rates, or declared interest rate.
To review the Caplock Fixed Indexed annuity with an agent or to receive a free personalized illustration call 800-872-6684 or fill in the "Get My Free Quote" form in the upper right section of this page.
Read more about Oceanview Life Insurance Company's Annuities on Oceanview's site
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