Fixed index annuity review and rates

Choice Accumulation II Edge 7

The Choice Accumulation II Edge 7 is a single premium fixed index annuity that offers both upside opportunity and downside market protection. 
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

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2.75% Fixed
1-Year Janus SG Global Trends PTP EAS Participation Rate
Threshold Part Rate
Annual
100% Participation
2-Year Franklin US PTP Spread
Point to Point
Biennial
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.1% Cap
1-Year Fixed Account
Fixed
3% Fixed
1-Year Janus SG Global Trends PTP EAS Participation Rate
Threshold Part Rate
Annual
105% Participation
2-Year Franklin US PTP Spread
Point to Point
Biennial
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.15% Cap

Surrender schedule

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

Riders

Name Inbuilt Fee
GA Enhanced Death Benefit No 0.50% annually
Global Atlantic Financial Group
Founded: 2004
A.M. Best: A
Fitch: A
S&P: A
Moody's: A2
Carrier details
Free withdrawal
10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP