Fixed index annuity review and rates

WealthChoice 10 with Bonus

WealthChoice is a tax-deferred Fixed Index Annuity (FIA) designed with competitive growth options with protection from market downturns. Premiums may be added during the first contract year.

Premium Bonus Rider
Premiums paid within the first 90 days will receive a premium bonus of 5%, which is applied to the Account Values as allocated. There is no fee for the rider, though caps and pars may be lower than if no Premium Bonus Rider had been selected. The bonus is recaptured if withdrawals occur in years 1-5: 100, 80, 60, 40, 20% Fully vested in year 6. The premium bonus may still be recaptured if Waiver of Surrender Charges & MVA feature is exercised due to terminal illness or nursing home confinement. 
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
3% Fixed
1-Year Horizon Ascend 5% PTP Participation Rate
Point to Point
Annual
120% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
35% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
3.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.75% Cap

Surrender schedule

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

Riders

Name Inbuilt Fee
Wealth Choice GLBR - Increasing No 0.75% annually
Wealth Choice GLBR - Level No 0.75% annually
Guaranty Income Life Insurance Company
Founded: 1926
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
10%
Premium bonus
5%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$20,000
Types of funds
Non-Qualified, IRA, and IRA-Roth