Fixed index annuity review and rates
Teton Bonus 7 (State Variation)
The Teton Bonus Series is designed to help meet your long-term retirement savings needs. They include a withdrawal charge period. If you withdraw more than the free amount allowed during the withdrawal charge period, a withdrawal charge, market value adjustment, and premium bonus recovery, if applicable, will be applied. These charges do not apply to free withdrawals, cumulative withdrawals, RMDs, nursing home-withdrawals, terminal illness withdrawals, home-health care withdrawals, income payments, or death benefits. (For more information see Certificate of Disclosure.)
Barclays Atlas 5 Spread/Boost - Spread decreases your interest rate. Your interest credit will never be less than zero. The boost increases your interest credit.
Inherited IRAs:
Inherited IRAs will be allowed on Teton subject to the following conditions:
Barclays Atlas 5 Spread/Boost - Spread decreases your interest rate. Your interest credit will never be less than zero. The boost increases your interest credit.
Inherited IRAs:
Inherited IRAs will be allowed on Teton subject to the following conditions:
- inherited IRAs are not accepted for a deceased who passed in 2020 or later.
- When the beneficiary is younger than the decedent, maximum issue age of 65.
- When the beneficiary is older than the decedent, the maximum age at death is 65.
- If the new SILAC IRA is Teton or Teton Bonus, additional premiums will not be accepted
- Distribution restrictions apply
Available in states:
AK, CO, CT, DE, ID, MA, MN, MO, NV, OH, OR, PA, SC, TX, UT, and WA
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
1.5%
Fixed
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
35%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.5%
Cap
|
| 1-Year Barclays Atlas 5 PTP Spread |
Point to Point
Annual
|
0.25%
Spread
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.5%
Cap
|
| 1-Year Nasdaq Generations 5 PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 1-Year Nasdaq Generations 5 PTP Spread |
Point to Point
Annual
|
|
| 1-Year Credit Suisse RavenPack PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 1-Year Credit Suisse RavenPack PTP Spread |
Point to Point
Annual
|
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
20%
Participation
|
| 1-Year Barclays Atlas 5 PTP Participation Rate |
Point to Point
Annual
|
95%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 8% | 7% | 6% | 5% | 4% |
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Brochure
Free withdrawal
1st year: 0%
2nd+ year: 5%
2nd+ year: 5%
Premium bonus
6%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP