1 Withdrawals are subject to ordinary income tax and, if made before age 59½, may be subject to a 10% penalty tax.
2 Each guarantee period has its own surrender charge schedule. Early withdrawals in excess of the free withdrawal amount are subject to a surrender charge unless the withdrawal is pursuant to the Nursing Home or Terminal Illness Waiver.
3 A request to waive surrender charges must be made on forms provided by SBL and must be accompanied by a physician's statement. Refer to the contract for details. Not available in all states.