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

Guaranty Growth Builder 10 with Enhanced Access

The Guaranty Growth Builder 10 with Enhanced Access is a fantastic choice for those seeking a secure retirement income. Its reliable annual increases and guaranteed returns help build your nest egg, ensuring financial security in your golden years.

What sets this annuity apart is its 'Enhanced Access' feature - a wonderful add-on that provides better liquidity during emergencies. It's truly a thoughtful product considering your life's unexpected turns. A hassle-free step closer to a financially secure, worry-free retirement.

Guaranty Growth Builder 10 with Enhanced Access-brochure Guaranty Growth Builder 10 with Enhanced Access-brochure

Guaranty Growth Builder 10 with Enhanced Access

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About Product

Type
Fixed Index
Purpose
Accumulation
Premium Bonus
18%
Term
10 Years
Surrender schedule
12%
12%
11%
11%
10%
9%
8%
7%
6%
4%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$20,000
Maximum Contribution
$1,000,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, and IRA-Roth
Launch Date
11/10/2021
Guaranty Growth Builder is a Single Premium Fixed Indexed Annuity (FIA) that provides an array of interest crediting strategies to match your client’s comfort and savings approach—whether they seek a fixed return, look for more growth potential or a combination.

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. 
Available in states: AL, AZ, AR, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, 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

Allocation Accounts

Name Type Rates
1-Year Fixed Account
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
4.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.5% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates
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Riders

Name Inbuilt Fee
Enhanced Access Rider Yes 0.90% annually
Enhanced Access ADL Rider No 0.90% annually

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.

ADL

Additional benefits if two of six ADLs cannot be performed, whether care is received in a facility or at home. 100% of surrender charges are waived. The six Activities of Daily Living (ADLs) include: 1. Bathing - Washing oneself by sponge bath in a tu bor shower, including getting in or out. 2. Continence - Bowel and bladder control or, when unable to maintain control, the ability to perform associated personal hygiene. 3. Dressing - Includes putting on and taking off clothing and any necessary braces, fasteners or artificial limbs. 4. Eating - Being able to feed oneself or manage a feeding tube or intravenous feeding. 5. Toileting - Getting to and from the toilet, getting on and off it and performing associated personal hygiene. 6. Transferring - Moving into or out of a bed, chair or wheelchair.

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

Issue Ages
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. Ability to carry forward unused free partial withdrawal, not to exceed 30%.

Company Founded: 1926
Excellent Rated Company
Guaranty Income Life Insurance Company
Company Ratings
4.9
  • A.M. Best A-
  • Comdex 59
Assets: $6,742,562,825
Iowa

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