Fixed index annuity review and rates

WealthLock Accumulator 10

A single premium deferred fixed index annuity (FIA). WealthLock Accumulator offers principal protection with the opportunity to earn an attractive rate of return that is tied to an index’s performance, without the risks associated with direct investment in the market.
Available in states: AL, AK, AZ, AR, CO, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WV, WI, and WY

Allocation Accounts

Name Type Rates
5-Year Franklin Factors US High Water Mark Participation Rate
High Water Mark
5-Year
140% Participation
1-Year Fixed Account
Fixed
3.1% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.75% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
17.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
65% Participation
1-Year Invesco Peak PTP Participation Rate
Point to Point
Annual
120% Participation
2-Year Invesco Peak PTP Participation Rate
Point to Point
Biennial
160% Participation
1-Year Franklin Factors US PTP Participation Rate
Point to Point
Annual
120% Participation
2-Year Franklin Factors US PTP Participation Rate
Point to Point
Biennial
165% Participation
1-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Annual
77% Participation
2-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Biennial
100% Participation
5-Year Franklin Factors US PTP Participation Rate
Point to Point
5-Year
250% Participation
5-Year Franklin Factors US High Water Mark Participation Rate
High Water Mark
5-Year
150% Participation
1-Year Fixed Account
Fixed
3.35% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.25% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
18.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
50% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
70% Participation
1-Year Invesco Peak PTP Participation Rate
Point to Point
Annual
130% Participation
2-Year Invesco Peak PTP Participation Rate
Point to Point
Biennial
170% Participation
1-Year Franklin Factors US PTP Participation Rate
Point to Point
Annual
130% Participation
2-Year Franklin Factors US PTP Participation Rate
Point to Point
Biennial
180% Participation
1-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Annual
82% Participation
2-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Biennial
110% Participation
5-Year Franklin Factors US PTP Participation Rate
Point to Point
5-Year
270% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%
Aspida Life Insurance Company
Founded: 2021
A.M. Best: A-
S&P: A-
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, IRA Rollover, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and TSP