Fixed index annuity review and rates

Heritage Growth Advantage

Heritage Growth Advantage is an innovative single-pay, fixed index annuity (FIA) with guaranteed rates for the entire Surrender Charge Period. It also guarantees you will keep your funds even if market performance is negative. So, if you want growth potential without risk of loss, talk to your financial planner about the Heritage Growth Advantage. 
Available in states: AL, AK, AZ, AR, CO, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, 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
10-Year Fixed Account (Most States)
Fixed
3% Fixed
1-Year Fixed Account (CA Only)
Fixed
3% Fixed
1-Year Morgan Stanley Dynamic US Equities PTP Participation Rate
Point to Point
Annual
95% Participation
2-Year Morgan Stanley Dynamic US Equities PTP Participation Rate
Point to Point
Biennial
150% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
140% Participation
2-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Biennial
180% Participation
1-Year SG Entelligent Agile 6% VT PTP Participation Rate
Point to Point
Annual
120% Participation
2-Year SG Entelligent Agile 6% VT PTP Participation Rate
Point to Point
Biennial
155% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%
Investors Heritage Life Insurance Company
Founded: 1960
A.M. Best: B++
Fitch: BBB-
S&P: B++
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 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 Inherited IRA