Aspida Life Insurance Company
4.4
based on complex data
Annuity Educator Rating
Annuity review

WealthLock Accumulator 7

The WealthLock Accumulator 7 is a fantastic tool for secure retirement planning. With consistent returns and protection from market drops, your future looks financially stable.

Benefit from optional lifetime income, providing peace of mind that your retirement fund won't run out. Great product for planning a worry-free sunset phase.

Compare this annuity with 827 others from 100+ companies

$

No agent will call you

About Product

Type
Fixed Index
Purpose
Accumulation
Term
7 Years
Surrender schedule
9%
8%
7%
6%
5%
4%
3%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Max Age Qualified
90
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and TSP
Launch Date
06/15/2022
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

Allocation Accounts

Name Type Rates
5-Year Janus SG Lighthouse High Water Mark Participation Rate
High Water Mark
5-Year
155% Participation
2-Year Janus SG Lighthouse High Water Mark Participation Rate
High Water Mark
Biennial
115% Participation
5-Year Franklin Factors US High Water Mark Participation Rate
High Water Mark
5-Year
235% Participation
5-Year Invesco Peak II High Water Mark Participation Rate
High Water Mark
5-Year
165% Participation
2-Year Franklin Factors US High Water Mark Participation Rate
High Water Mark
Biennial
175% Participation
2-Year Invesco Peak II High Water Mark Participation Rate
High Water Mark
Biennial
115% Participation
1-Year Fixed Account
Fixed
4.25% Fixed
1-Year S&P 500 PTP Cap with Bailout
Point to Point
Annual
9.25% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
57% Participation
1-Year Invesco Peak II PTP Participation Rate
Point to Point
Annual
140% Participation
1-Year Franklin Factors US PTP Participation Rate
Point to Point
Annual
210% Participation
1-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Annual
125% Participation
5-Year Janus SG Lighthouse High Water Mark Participation Rate
High Water Mark
5-Year
165% Participation
2-Year Janus SG Lighthouse High Water Mark Participation Rate
High Water Mark
Biennial
120% Participation
5-Year Invesco Peak II High Water Mark Participation Rate
High Water Mark
5-Year
175% Participation
2-Year Invesco Peak II High Water Mark Participation Rate
High Water Mark
Biennial
125% Participation
2-Year Franklin Factors US High Water Mark Participation Rate
High Water Mark
Biennial
185% Participation
5-Year Franklin Factors US High Water Mark Participation Rate
High Water Mark
5-Year
250% Participation
1-Year Fixed Account
Fixed
4.5% Fixed
1-Year Janus SG Lighthouse PTP Participation Rate
Point to Point
Annual
130% Participation
1-Year Franklin Factors US PTP Participation Rate
Point to Point
Annual
220% Participation
1-Year Invesco Peak II PTP Participation Rate
Point to Point
Annual
150% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
60% Participation
1-Year S&P 500 PTP Cap with Bailout
Point to Point
Annual
10% Cap
2-Year BofA USA Growth FC 10 High Water Mark Participation Rate
High Water Mark
Biennial
95% Participation
2-Year S&P Global Diversified 7.5% High Water Mark Participation Rate
High Water Mark
Biennial
115% Participation
5-Year BofA USA Growth FC 10 High Water Mark Participation Rate
High Water Mark
5-Year
140% Participation
5-Year S&P Global Diversified 7.5% High Water Mark Participation Rate
High Water Mark
5-Year
165% Participation
1-Year iShares Gold Trust PTP Cap
Point to Point
Annual
10% Cap
1-Year Nasdaq-100 PTP Cap
Point to Point
Annual
8.5% Cap
1-Year BofA USA Growth FC 10 PTP Participation Rate
Point to Point
Annual
115% Participation
1-Year S&P Global Diversified 7.5% PTP Participation Rate
Point to Point
Annual
140% Participation
1-Year iShares MSCI EAFE ETF PTP Cap
Point to Point
Annual
9% Cap
1-Year iShares U.S. Real Estate ETF PTP Cap
Point to Point
Annual
10% Cap
1-Year Nasdaq-100 PTP Participation Rate
Point to Point
Annual
40% Participation
1-Year Nasdaq-100 Performance Trigger
Performance Triggered
Annual
8% Performance triggered
1-Year S&P 500 Performance Trigger
Performance Triggered
Annual
7.25% Performance triggered
2-Year S&P Global Diversified 7.5% High Water Mark Participation Rate
High Water Mark
Biennial
125% Participation
5-Year S&P Global Diversified 7.5% High Water Mark Participation Rate
High Water Mark
5-Year
175% Participation
5-Year BofA USA Growth FC 10 High Water Mark Participation Rate
High Water Mark
5-Year
145% Participation
2-Year BofA USA Growth FC 10 High Water Mark Participation Rate
High Water Mark
Biennial
100% Participation
1-Year Nasdaq-100 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year BofA USA Growth FC 10 PTP Participation Rate
Point to Point
Annual
120% Participation
1-Year iShares Gold Trust PTP Cap
Point to Point
Annual
11% Cap
1-Year iShares U.S. Real Estate ETF PTP Cap
Point to Point
Annual
11% Cap
1-Year iShares MSCI EAFE ETF PTP Cap
Point to Point
Annual
10% Cap
1-Year Nasdaq-100 PTP Cap
Point to Point
Annual
9% Cap
1-Year S&P Global Diversified 7.5% PTP Participation Rate
Point to Point
Annual
150% Participation
1-Year S&P 500 Performance Trigger
Performance Triggered
Annual
7.75% Performance triggered
1-Year Nasdaq-100 Performance Trigger
Performance Triggered
Annual
8.5% Performance triggered

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
See if this annuity ranks in your top 3 for Ohio
$
!

Riders

No Riders for WealthLock Accumulator 7 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.

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. 

Company Founded: 2021
Excellent Rated Company
Aspida Life Insurance Company
Company Ratings
4.3
  • A.M. Best A-
  • Comdex 56
Assets: $3,079,080,253
California

Similar Products

Personal Choice Plus
Personal Choice Plus
B++ 4.10%
Fixed Rate
3.00%
Term
5yrs
MaxGrowth 10
MaxGrowth 10
B++ 11.50%
Fixed Rate
5.00%
Term
10yrs
Keystone 7
Keystone 7
A++ 9.50%
Fixed Rate
4.70%
Term
7yrs
James Alden Experienced Annuity Educator
25 years experience
3,712 career consultations
4 slots free for today
scheduling.
Your Name
Your Phone
Thank you for your trust! I have received your contact information. Please wait for a call within 30 minutes. 😌