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.
About Product
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.
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% |
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.
- A.M. Best A-
- Comdex 56