Create a portfolio with options designed to navigate multiple
market cycles.
Subaccount investment options: Over 40 managed choices. Most asset classes.
Asset Allocation Models: 5 model portfolios designed by Standard & Poor's Investment Advisor Services LLC (SPIAS)
Fixed Interest Options: 1-year fixed account, and 6- and 12-month DCA.
While utilizing tools to help you manage the risk of market volatility.
Dollar Cost Average (DCA): Assets may be dollar cost averaged into any of the available Subaccounts, but not into the fixed Interest option
Dollar cost averaging involves continuous investing regardless of price levels. Although its goal is to lower the investor's average portfolio cost, it does not assure a profit and does not protect against loss in declining markets. Any fixed interest rates are paid on declining balances and the actual yield earned on subaccounts in the DCA program may be significantly less than the stated rate due to the timing of transfers out of the program.
Account Transfers: 20 free transfers per contract year can be made among all allocation options. Portfolio rebalancing is available.
Portfolio Rebalancing does not assure a profit or protect against loss in declining markets.
Controlling your cash and liquidity.
Free Withdrawals: Each contract year contract owners may elect to take free withdrawals up to 10% of premiums paid.
Systematic Withdrawals: Systematic withdrawals are offered monthly, quarterly, semi-annually or annually, with a minimum withdrawal amount of $100.
Flexibility: Ability to move assets between investment and fixed interest options to address changing economic conditions and risk tolerance. Transfers made under the DCA, asset allocation and automatic rebalancing programs do not count against the transfer limit. Excessive trading is not permitted.
Withdrawals may impact Contract value and death benefit, and are subject to ordinary income tax to the extent of gain. A federal 10% penalty may apply to withdrawals taken prior to the contract owner's age 59 1/2. Consult your advisor regarding your unique situation.
Choosing a payout method that matches your needs
The following annuity types are available:
Type 1: Income for a fixed period
Type 2: Life income with a guaranteed period
Type 3: Life income
Type 4: Joint & contingent life income
Type 5: Joint & survivor life income with a guaranteed period
Type 6: Joint & survivor life income
Type 7: Life income with a lump sum refund at death
And enjoy the benefits of the built-in no cost riders
Nursing home benefit: Withdrawal charges will be waived if the owner is confined to a licensed nursing home for more than 60 days beginning after the contract’s first anniversary.
Terminal illness benefit: Withdrawal charges will be waived after the
contract’s
first anniversary if the owner is diagnosed by a licensed physician
as having an illness or condition resulting in a life expectancy of
one year or less.
Account Protection Package
- Increases the guaranteed minimum death benefit by 5% annually.
- Includes a guaranteed minimum withdrawal benefit of 5% annually.
- Available at issue only. Can be removed at any time.
Hypothetical example demonstrates the enhanced death
benefit. The growth and loss shown is not indicative of any assumed experience
or additional payments but is simply to illustrate the impact of the enhanced
death benefit in rising and declining performance. Your contract experience
will be different, depending upon the performance of your selected allocation
options, and will include risk of loss, including principal.
The death benefit will be the greater of:
Your account value or the enhanced GMDB which compunds at 5% annually
up to a 200% limit.
Hypothetical example assumes the contract is not fully
surrendered nor annuitized, and assumes the spousal option is selected
and will include risk of loss, including principal.
Withdrawal amount is guaranteed to remain level even if underlying portfolios should sharply decrease in value (even to zero). Potential for annual increase in withdrawal benefit if underlying account value continues to increase.
Available at issue only. Can be removed at any time. Issue ages 55-75.
Guarantees are subject to the claims paying ability of OM Financial Life Insurance Company and do not apply to the investment performance of the underlying portfolios available to you with this product.
Account Enhancement Package
- Increases the free withdrawal amount up to the amount of contract earnings earned in any of the Subaccounts or Fixed Interest options as of the date of the withdrawal without a withdrawal charge being imposed, even if that amount exceeds the 10% Free Withdrawal.
- Includes a bonus of 3% of contract value paid after the 4th contract year and 1% of contract value paid annually thereafter.
- All bonuses will be allocated pro rata to the subaccount investment options.
- Available at issue only. Charges continue for life of the contract.
This hypothetical example demonstrates the accumulation
bonus. The growth and loss shown is not indicative of any assumed experience
or additional payments but is simply to illustrate the impact of the bonus
in rising and declining performance. Your contract experience will be different,
depending upon the performance of your selected allocation options, and will
include risk of loss, including principal.
Variable annuities that offer bonus interest features may impose higher
fees and charges, and longer withdrawal periods than variable annuities that
do not provide the bonus feature.
Liquidity
Increases the free withdrawal amount up to the amount to 100% of Contract earnings earned in any of the Subaccounts or the fixed interest as of the date of the withdrawal without a withdrawal charge being imposed, even if that amount exceeds the 10% Free Withdrawal.
All bonuses will be allocated pro rata to the subaccount investment options. Available at issue only. Charges continue for life of the contract. Bonus amounts vest 100% of paid.
Dollar Cost Average (DCA):
The Dollar Cost Averaging program allows you to
automatically transfer, on a periodic basis, a set dollar amount
or percentage from the money market or DCA fixed interest option to any
subaccount
option(s).
Beacon Navigator offers two DCA options: 6 month and 12 months.
Hypothetical example to illustrate how Dollar Cost
Averaging (DCA) works. This example assumes regular period purchase payments
during periods of fluctuating market performance causing the price per share
of the Subaccount underlying funds to also rise and fall.
Dollar cost averaging involves continuous investing regardless of price levels. Although its goal is to lower the investor's average portfolio cost, it does not assure a profit and does not protect against loss in declining markets. Any fixed interest rates are paid on declining balances and the actual yield earned on funds in the DCA program may be significantly less than the stated rate due to the timing of transfers out of the program.
Portfolio Rebalancing:
The Portfolio Rebalancing program allows you to rebalance your contract value in the separate account to maintain a specified allocation among selected subaccounts. You may change your rebalancing allocation instructions at any time. Any change will be effective when the next rebalancing occurs.
Portfolio rebalancing does not assure a profit and does not protect against loss in declining markets.
This information has been provided as a courtesy to you at your request and does not replace or supersede your customer account statement. In the case of any conflict, the information on your customer account statement shall control; we do not guarantee the accuracy of this information.
Reported policy information only reflects information that we have received in good order and have processed pursuant to our rules and deadlines. Reported transfers and values may only be current as of the last previous business day the New York Stock Exchange was open. Pending changes and transactions may not be reflected in our reported information. Variable annuities are issued by OM Financial Life Insurance Company, Baltimore, MD, and are offered through Old Mutual Financial Network Securities, Inc., members FINRA.
Investment options are available as subaccounts of the separate account of OM Financial Life Insurance Company. The underlying portfolios of the subaccounts are NOT publicly traded mutual funds, and are NOT the same as publicly traded mutual funds with very similar names.
Even if the investment objectives and policies of some underlying portfolios available through the contract's subaccounts may be very similar to the investment objectives and policies of publicly traded mutual funds that may be managed by the same investment adviser, the investment performance and results of the portfolios available under the Contract may vary significantly from the investment results of such other publicly traded mutual funds. The portfolios are designed primarily as investments for variable annuity and variable life insurance policies issued by insurance companies.
Beacon Navigator flexible premium variable annuity contract is offered on a group or individual basis as determined by state
availability. Group Certificate FGL FPDVA-C 2006 and Individual Form FGL FPDVA 2006, et al.
Optional provisions and riders have limitations, restrictions and additional charges except where noted, and are subject to
state availability. For the exact terms and conditions, refer to the contract.
”Standard & Poor’s®”, “S&P®” and “S&P500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by OM Financial Life Insurance Company. Beacon Navigator is not sponsored, endorsed, sold, or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing Beacon Navigator.
Asset allocation portfolios and models provide allocations determined to be consistent with an investment risk profile. The investor chooses whether or not to select an asset allocation portfolio or model and the subsequent recommended allocation changes. Implementation does not guarantee a profit or protect against a loss.
An investment in money market investment options is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Money market investments seek to preserve the value of your investment at $1.00 per share, but include risk of loss, including principal.
Beacon Navigator is offered by prospectus only. Before investing, carefully consider the investment objectives, risks, fees, and other important information about the contract issuer and underlying portfolios. This information can be found in the contract and portfolio prospectuses. You can obtain copies from us. Read the prospectuses carefully and consider these factors before investing.
