WealthLock Accumulator 5: Rates & Review

Highlights

A single premium deferred fixed index annuity (FIA). WealthLock Accumulator offers principal protection with the opportunity to earn an attractive rate of return that is tied to an index’s performance, without the risks associated with direct investment in the market.

QuarterLock
A unique feature of the 2- and 5-year High Watermark Participation Rate Crediting Strategy is QuarterLock. The QuarterLock feature provides owners four opportunities a year to automatically lock in rising index values. This ensures you earn interest if the index decreases towards the end of your index option term.

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, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Type	Fixed Index
Purpose	Accumulation
Term	5 Years
Surrender schedule	9%8%7%6%5%
Free withdrawal	1st year: 0% 2nd+ year: 10%
Market value adjustment
Return of premium
Launch date	12/11/2023
Minimum contribution	$25,000
Maximum contribution	$1,000,000
Max Age Qualified	90
Types of funds	Non-Qualified, IRA, IRA Rollover, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and TSP
Brochure	Open brochure

Find out if the WealthLock Accumulator 5 is the right product for you.

Take Questionnaire

Premium Notes

Plan Types
May be issued as Non-Qualified or Traditional or Roth IRAs.
Accepts rollovers from qualified plans, 457 plans, IRAs, Simplified Employee Pension (SEP) plans, 403(b) plans, and SIMPLE IRAs.
Note: Inherited IRA would be rolled over into a New Traditional IRA. If you already have an IRA, you can roll over the inherited assets to another traditional IRA in your name or convert the assets to a Roth IRA. The simplest way to do that is through a direct, trustee-to-trustee transfer from one account to the other or between one IRA custodian and another.

Withdrawal Provisions

Required Minimum Distributions
Required Minimum distribution from your tax-qualified IRA available after 30 days, all other withdrawals available beginning year two.

Penalty-Free Withdrawals
Up to 10% of the Contract Value may be withdrawn without any Withdrawal charges or Market Value Adjustment (MVA) after the first contract anniversary.

Market Value Adjustment (MVA)
Subject to the exceptions stated in the contract, an MVA will be applied if part or all of the Contract Value is withdrawn. The MVA can be positive or negative.

Allocation Accounts

Name	Type	Rates
2-Year Janus SG Lighthouse High Water Mark Participation Rate	High Water Mark Biennial	110% Participation
5-Year Franklin Factors US High Water Mark Participation Rate	High Water Mark 5-Year	230% Participation
5-Year Invesco Peak High Water Mark Participation Rate	High Water Mark 5-Year	255% Participation
2-Year Franklin Factors US High Water Mark Participation Rate	High Water Mark Biennial	170% Participation
2-Year Invesco Peak High Water Mark Participation Rate	High Water Mark Biennial	185% Participation
5-Year Janus SG Lighthouse High Water Mark Participation Rate	High Water Mark 5-Year	150% Participation
1-Year Fixed Account	Fixed	4.75% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	11% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	62% Participation
1-Year Invesco Peak PTP Participation Rate	Point to Point Annual	195% Participation
1-Year Franklin Factors US PTP Participation Rate	Point to Point Annual	205% Participation
1-Year Janus SG Lighthouse PTP Participation Rate	Point to Point Annual	120% Participation
5-Year Janus SG Lighthouse High Water Mark Participation Rate	High Water Mark 5-Year	160% Participation
5-Year Franklin Factors US High Water Mark Participation Rate	High Water Mark 5-Year	245% Participation
2-Year Franklin Factors US High Water Mark Participation Rate	High Water Mark Biennial	180% Participation
2-Year Invesco Peak High Water Mark Participation Rate	High Water Mark Biennial	195% Participation
5-Year Invesco Peak High Water Mark Participation Rate	High Water Mark 5-Year	270% Participation
2-Year Janus SG Lighthouse High Water Mark Participation Rate	High Water Mark Biennial	115% Participation
1-Year Fixed Account	Fixed	5% Fixed
1-Year Janus SG Lighthouse PTP Participation Rate	Point to Point Annual	125% Participation
1-Year Franklin Factors US PTP Participation Rate	Point to Point Annual	215% Participation
1-Year Invesco Peak PTP Participation Rate	Point to Point Annual	205% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	65% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	11.75% Cap

Surrender schedule

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

Riders

No Riders for WealthLock Accumulator 5 annuity.

Waivers

Death

If you are the owner/annuitant and die before the maturity date, your named beneficiaries will receive the full Contract Value, with no Withdrawal Charges or MVA.

Nursing Home

You can withdraw up to 100% of your annuity’s Contract Value if you are confined to an eligible Nursing Home. This benefit is available if you are confined for at least 90 consecutive days any time after your first Contract Anniversary and meet eligibility requirements. No Withdrawal Charge or MVA will be applied if you qualify for this benefit. To receive the Nursing Home Waiver, you cannot be confined on the Contract Effective Date. The nursing home waiver does not include home health care.

Terminal Illness

You can withdraw up to 100% of your annuity’s Contract Value if you are diagnosed with a terminal illness that is expected to result in death within one year and meet eligibility requirements. No Withdrawal Charge or MVA will be applied if you qualify for this benefit. This waiver is available after your first Contract Anniversary and the initial diagnosis of terminal illness must be made after the Contract Effective Date.

Ready to Protect Your Financial Future?

Request a free quote or talk to our financial expert to get help

Take Questionnaire Ask an Expert

Fixed

Income

Investment

Learn the basics

Reviews