Growth Pathway 7
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Learn how an annuity can provide guaranteed income for life.
Highlights
Growth Pathway Fixed Index Annuity is an insurance product that offers protection for your money against a market downturn—with the opportunity for it to capture gains. It enables you to earn interest based on the performance of a specific market index, or a combination of indexes.
- Market Downside Protection – Your gains are locked in each year, meaning you can’t lose any of your payments or any credited interest due to market downturns or sudden market swings.
- Tax-deferred growth – You’ll have access to crediting strategies to help your money grow - four index options and one fixed account option. You can diversify your annuity by choosing one or a combination of strategies. And you won’t pay taxes on gains until you withdraw them. And the combination of compounded gains and a potentially lower tax bracket after you retire can help make your retirement savings go farther.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, 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
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
7 Years |
|
Surrender schedule
|
9%8%7%6%5%4%3% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, and IRA-Roth |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.3%
Fixed
|
| 1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
| 1-Year S&P 500 PTP Cap (7-Year Lock) |
Point to Point
Annual
|
7.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year S&P 500 PTP Participation Rate with Spread |
Point to Point
Annual
|
60%
Participation
2%
Spread
|
| 1-Year Morgan Stanley Global Opportunities PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
| 1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7.25%
Performance triggered
|
| 1-Year S&P 500 Performance Triggered (7-Year Lock) |
Performance Triggered
Annual
|
6%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4.6%
Fixed
|
| 1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate |
Point to Point
Annual
|
185%
Participation
|
| 1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 1-Year Morgan Stanley Global Opportunities PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
| 1-Year S&P 500 PTP Participation Rate with Spread |
Point to Point
Annual
|
65%
Participation
2%
Spread
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10%
Cap
|
| 1-Year S&P 500 PTP Cap (7-Year Lock) |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year S&P 500 Performance Triggered (7-Year Lock) |
Performance Triggered
Annual
|
6.5%
Performance triggered
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4.85%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate with Spread |
Point to Point
Annual
|
70%
Participation
2%
Spread
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11%
Cap
|
| 1-Year Morgan Stanley Global Opportunities PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 1-Year S&P 500 PTP Cap (7-Year Lock) |
Point to Point
Annual
|
9%
Cap
|
| 1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate |
Point to Point
Annual
|
195%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8.5%
Performance triggered
|
| 1-Year S&P 500 Performance Triggered (7-Year Lock) |
Performance Triggered
Annual
|
7%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |