Phoenix Personal Retirement ChoiceSM
Phoenix Personal Retirement Choice is designed as a long-term retirement planning vehicle to help you make the most of your hard-earned savings and create a secure financial future. This product has one fixed account and 10 indexed accounts with index credits linked to the positive performance of the S&P 500® and the CS Tactical Multi Asset™ Indices. Designed for individuals who seek to benefit from the upside potential of the equity markets without risking loss of principal due to market downturns.
Its accumulation features include:
- A Premium Bonus at issue and potential for growth with positive market performance, and protection from downturns. The premium bonus may also vary based on if the optional Income Benefit is purchased. The product includes a 7% Free Withdrawal for the life of the contract and a competitive 12-year surrender charge schedule in most states.
- An optional Guaranteed Lifetime Income Benefit rider (Income Benefit) is also available that guarantees income payments every year for life once the rider is exercised, provided certain conditions are met. There is an additional fee associated with this rider. The amount of the bonus and product availability varies based on the state of issue.