Enhance Your LegacyTM


Family Endowment Rider® Max

Grow and Protect Your Legacy

Today's historically low interest rates present a new challenge to individuals who want to grow and protect a legacy. You can enhance the death benefit for your beneficiaries with either the Family Endowment Rider® (FER®) or Family Endowment Rider Max (FER Max), available for a fee. FER offers an Enhanced Death Benefit that grows every day at an annual rate for the longer of 8 years or to age 85. FER Max offers:

  • Guaranteed Minimum Growth
    The Enhanced Death Benefit grows each day at an annual rate for the longer of 8 years or to age 85.1
  • BCA Elevate Interest Earnings
    With FER Max, the earnings credited to your BCA Elevate contract, if any, are added to your Enhanced Death Benefit every two years. Not available with FER.
  • Dollar-for-Dollar Withdrawals
    Access up to 5% of the Accumulation Value each year, and the Enhanced Death Benefit will only be reduced by the amount of the withdrawal for FER Max.2

When a death benefit is payable, your beneficiaries will receive the greatest of the contract's Cash Surrender Value, Balanced Allocation Value or Enhanced Death Benefit value.

Both FER Max and FER are available with a Premium Bonus.3 Only one may be elected contract. Ask your insurance professional for more information. A death benefit is available for BCA Elevate at no additional cost. For more information, please see the Key Terms and Definitions.

Compounded Growth + Any Interest Earnings

The Enhanced Death Benefit with FER Max grows daily at a fixed interest rate plus interest earnings, if any, added every two years. The graph below shows how the Enhanced Death Benefit could grow each year:
Key Terms and Definitions

Fixed Indexed Annuities – A fixed indexed annuity is a contract issued by an insurance company. In exchange for your premium, the insurance company provides and opportunity for growth based in part on the performance of an underlying index while protecting your money from downside market risk. All guarantees are backed by the claims-paying ability of the issuing carrier. Fixed indexed annuities are not stock market investments and do not directly participate in any stock or equity investments or index. It is not possible to invest directly in an index. This contract has charges and limitations. For costs and complete details, please see the BCA Elevate product brochure and ask your financial professional.

Explanation of the Enhanced Death Benefit Rider and Rider Charge – The Family Endowment Rider with Premium Bonus guarantees an enhanced death benefit that pays a minimum amount on death equal to the initial premium accumulated at a specified interest rate (minus withdrawals) and also provides a one-time bonus which enhances the Accumulation Value. At death, your beneficiary or beneficiaries will receive the greatest of the contract’s Cash Surrender Value, Balanced Allocation Value or Enhanced Death Benefit value. The annual rider charge is calculated at the beginning of each contract year and is 0.85% (0.50% if the bonus is not elected) multiplied by the EDB Crediting Base. The charge is deducted monthly from the Accumulation Value as well from the Minimum Guaranteed Contract Value (MGCV) in some states. The annual rider charge applies until the earlier of the death benefit being payable or the Rider Charge Stop Date. The Rider Charge Stop Date is the later of 8 years or age 85.

Accumulation Value – The Accumulation Value is your premium plus any Interest Earnings. The Accumulation Value will be reduced by any applicable charges and withdrawals. Strategy and optional rider charges are calculated annually and deducted monthly from the Accumulation Value and, in some states, the MGCV. Charges such as Withdrawal Charges, Premium Bonus Vesting Adjustments and MVAs are deducted when they are calculated. For more information, please see the Certificate of Disclosure.

Market Value Adjustment (MVA) – The MVA applies to withdrawals greater than the Free Withdrawal Amount and may increase or decrease the amount you receive. For more information, please see the Additional Product Information. MVA does not apply in AK, CT, HI, MN, MO, NJ, OR, PA, UT, WA.

Premium Bonus Vesting Adjustment – FER Max with Premium Bonus provides, for an annual rider charge, a 10% premium bonus (premium bonus percentage varies by product variation) that enhances the Accumulation Value as well as providing an Enhanced Death Benefit (for some product variations, the Premium Bonus may be referred to as a Step-up Bonus). While the premium bonus is added to the Accumulation Value, it is not added to the Enhanced Death Benefit. Withdrawals taken in excess of the Free Withdrawal Amount will incur a Premium Bonus Vesting Adjustment in addition to any applicable Withdrawal Charges and MVA. The Premium Bonus Vesting Adjustment is equal to the portion of the Accumulation Value withdrawn in excess of the Free Withdrawal amount which is attributable to the Premium Bonus, multiplied by (100% minus the Premium Bonus Vesting Percentage). Premium Bonus Vesting Percentages vary by product variation. Product variations with a Step-up Bonus do not apply a Premium Bonus Vesting Adjustment.

Tax Considerations – FER Max is not life insurance, and any benefit payable under the rider will be taxable. Any withdrawals taken may be subject to federal and state income tax. Withdrawals made before age 59½ may be subject to a 10% federal tax penalty. The information contained herein is based on our understanding of current tax law. The tax and legislative information may be subject to change and different interpretations. We recommend you consult wit your tax professional regarding your particular circumstance.

Termination – FER Max cannot be terminated once it has been purchased and attached to the BCA Elevate contract. The rider will terminate only upon the annuity date or upon payment of a death benefit under the provisions of the contract.

Withdrawals – Withdrawals of any time will reduce the Enhanced Death Benefit. The first 5% of the Accumulation Value withdrawn in any contract year will reduce the Enhanced Death Benefit on a dollar-for-dollar basis. Withdrawals in excess of 5% in any contract year will reduce the Enhanced Death Benefit proportionally. The Free Withdrawal Amount is 5% of the Accumulation Value in the first year and 10% of the Accumulation Value for all remaining years. Withdrawals in excess of the Free Withdrawal Amount will be subject to any applicable Withdrawal Charges, Premium Bonus Vesting Adjustments and Market Value Adjustments. For more information, please see the Certificate of Disclosure. The Withdrawal Charges are as follows for BCA Elevate 12 (for BCA Elevate 10 and BCA Elevate 8, please refer to the Certificate of Disclosure):

Contract Year 1 2 3 4 5 6 7 8 9 10 11 12
Withdrawal Charge % 14.5 14 13.5 13 12 11 10 9 8 7 6 4