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, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
5-Year Franklin Factors US High Water Mark Participation Rate
High Water Mark
5-Year
200% Participation
1-Year Fixed Account
Fixed
4.75% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
11.25% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
22% 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
58% Participation
1-Year Invesco Peak PTP Participation Rate
Point to Point
Annual
180% Participation
2-Year Invesco Peak PTP Participation Rate
Point to Point
Biennial
255% Participation
1-Year Franklin Factors US PTP Participation Rate
Point to Point
Annual
175% Participation
2-Year Franklin Factors US PTP Participation Rate
Point to Point
Biennial
245% Participation
1-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Annual
115% Participation
2-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Biennial
160% Participation
5-Year Franklin Factors US PTP Participation Rate
Point to Point
5-Year
370% Participation
5-Year Franklin Factors US High Water Mark Participation Rate
High Water Mark
5-Year
215% Participation
1-Year Fixed Account
Fixed
5% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
12% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
23% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
48% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
63% Participation
1-Year Invesco Peak PTP Participation Rate
Point to Point
Annual
190% Participation
2-Year Invesco Peak PTP Participation Rate
Point to Point
Biennial
270% Participation
1-Year Franklin Factors US PTP Participation Rate
Point to Point
Annual
185% Participation
2-Year Franklin Factors US PTP Participation Rate
Point to Point
Biennial
260% Participation
1-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Annual
120% Participation
2-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Biennial
170% Participation
5-Year Franklin Factors US PTP Participation Rate
Point to Point
5-Year
400% 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