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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.30%
7-Year
6.00%
10-Year
5.80%

WealthLock Accumulator 7

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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.
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, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Type
Fixed Index
Purpose Accumulation
Term
7 Years
Surrender schedule
9%8%7%6%5%4%3%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
06/15/2022
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 7 is the right product for you.

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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Up to 10% of the Contract Value may be withdrawn without any Withdrawal charges or Market Value Adjustment (MVA) after the first contract anniversary.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Subject to the exceptions stated in the contract, an MVA will be applied if part or all of the Contract Value is withdrawn.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
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 High Water Mark Participation Rate
High Water Mark
5-Year
260% Participation
2-Year Franklin Factors US High Water Mark Participation Rate
High Water Mark
Biennial
175% Participation
2-Year Invesco Peak High Water Mark Participation Rate
High Water Mark
Biennial
190% 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
205% 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 High Water Mark Participation Rate
High Water Mark
5-Year
275% Participation
2-Year Invesco Peak High Water Mark Participation Rate
High Water Mark
Biennial
200% 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
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 PTP Participation Rate
Point to Point
Annual
215% 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 6 7
Penalty 9% 8% 7% 6% 5% 4% 3%

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.

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