Fixed index annuity review and rates

Guaranty Growth Plus

Guaranty Growth Plus is a Single Premium – Tax Deferred – Fixed Indexed Annuity designed to protect your assets from market downturns and grow your retirement savings. In addition to safety and growth, it offers the option to have a Guaranteed Lifetime Income for you and your spouse. 
Available in states: AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, 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
1-Year Fixed Account
Fixed
2% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
50% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.5% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.5% Cap
1-Year S&P 500 TR PTP Participation Rate
Point to Point
Annual
40% Participation
1-Year S&P 500 TR PTP Cap
Point to Point
Annual
6.5% Cap
1-Year S&P 500 TR PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1% Cap
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
125% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 12% 12% 11% 11% 10% 9% 8% 7% 6% 4%

Riders

Name Inbuilt Fee
Growth Plus No None
Guaranty Income Life Insurance Company
Founded: 1926
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 5%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$20,000
Types of funds
Non-Qualified, IRA, and IRA-Roth