Fixed index annuity review and rates

Choice Income II 10 with Guaranteed Income Builder

The Choice Income II 10 is a Single Premium Deferred Index Annuity with a 10-year surrender charge period.
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% Fixed
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
4% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
4% Cap
1-Year PIMCO Balanced PTP Participation Rate
Point to Point
Annual
85% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
4% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.25% Cap
2-Year BlackRock Diversa Volatility Control PTP Spread
Point to Point
Biennial
2% Spread
2-Year Franklin US PTP Spread
Point to Point
Biennial
2% Spread
1-Year S&P 500 Performance Trigger
Performance Triggered
Annual
3.25% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

Name Inbuilt Fee
Choice Income GLWB Option 1 Yes 1.05% 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
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, SEP IRA, IRA-Roth, and TSP