Fixed index annuity review and rates

WealthLock Accumulator 7

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
130% Participation
1-Year Fixed Account
Fixed
3% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.5% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
17% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
43% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
60% Participation
1-Year Invesco Peak PTP Participation Rate
Point to Point
Annual
115% Participation
2-Year Invesco Peak PTP Participation Rate
Point to Point
Biennial
155% Participation
1-Year Franklin Factors US PTP Participation Rate
Point to Point
Annual
115% Participation
2-Year Franklin Factors US PTP Participation Rate
Point to Point
Biennial
160% Participation
1-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Annual
75% Participation
2-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Biennial
95% Participation
5-Year Franklin Factors US PTP Participation Rate
Point to Point
5-Year
240% Participation
5-Year Franklin Factors US High Water Mark Participation Rate
High Water Mark
5-Year
140% Participation
1-Year Fixed Account
Fixed
3.25% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
10% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
18% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
47% 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
125% Participation
2-Year Invesco Peak PTP Participation Rate
Point to Point
Biennial
165% Participation
1-Year Franklin Factors US PTP Participation Rate
Point to Point
Annual
125% Participation
2-Year Franklin Factors US PTP Participation Rate
Point to Point
Biennial
175% Participation
1-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Annual
80% Participation
2-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Biennial
105% Participation
5-Year Franklin Factors US PTP Participation Rate
Point to Point
5-Year
260% Participation

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 7% 6% 5% 4% 3%
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
7 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