Guaranty Growth Builder 10
The Guaranty Growth Builder 10 is a dream for those seeking a secure future! It offers steady income growth that lets you enjoy your retirement with peace of mind.
This annuity cleverly shields your savings from market downturns. With its guaranteed 10-year term, you can relax knowing that your investment is safe. Truly a wise option for your golden years.
Guaranty Growth Builder 10
About Product
Buy-Up Option - Account Fee
With each indexed interest crediting strategy, you can choose an increased participation or cap rate to further enhance your potential interest returns. The buy-up option is available at an annual cost of 1.50% of Accumulated Value which is divided by 12 and deducted monthly.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account (Most States) |
Fixed
|
2%
Fixed
|
| 1-Year Fixed Account (CA Only) |
Fixed
|
2%
Fixed
|
| 1-Year Citi Risk Balanced 5% Net PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 1-Year Citi Risk Balanced 5% Net PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
25%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 12% | 12% | 11% | 11% | 10% | 9% | 8% | 7% | 6% | 4% |
Riders
No Riders for Guaranty Growth Builder 10 annuity.
Waivers
Terminal Illness
If a contract owner is diagnosed with a Terminal Illness or becomes Confined in a medical facility after their contract was issued, he/she may make a Full or Partial Surrender without incurring a Surrender Charge or Market Value Adjustment. While there is no waiting period to utilize this benefit after contract issue, the claim must be made within 180 days of the qualifying event. Terminal Illness: a health condition or injury experienced, which to a reasonable degree of medical certainty, confirmed by a Physician, will result in that person’s death within one year.
Confinement
If a contract owner is diagnosed with a Terminal Illness or becomes Confined in a medical facility after their contract was issued, he/she may make a Full or Partial Surrender without incurring a Surrender Charge or Market Value Adjustment. While there is no waiting period to utilize this benefit after contract issue, the claim must be made within 180 days of the qualifying event. Confinement: receiving continuous care for at least 30 days from a hospital or long-term care facility.
Premium Notes
0-78
Joint cases are based on the age of the younger spouse
Initial Premium Limits
$20,000 – $1,000,000
Contact Guaranty Income Life Insurance Company for exceptions
Note that GMCSV Interest may change on Jan 1 and July 1 for new issues.
Withdrawal Provisions
RMD Provision In all contract years, the RMD amount is free of surrender charges even if in excess of the free withdrawal amount. (If less, only the difference remaining is available for free withdrawal.) Free Partial Withdrawals Starting in year two, 10% of the prior anniversary contract value is available free of Surrender Charges, MVA and bonus recapture.
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