Guaranty Income Life Insurance Company
4.2
based on complex data
Annuity Educator Rating
Annuity review

Guaranty Growth Builder 14

The Guaranty Growth Builder 14 is a fantastic choice for a secure financial future. Its guaranteed income stream serves as a perfect safety net for retirees. This annuity grows over time, ensuring your golden years are free of financial stress.

What stands out is its 14-year term, a unique feature offering stability for a significant period. Plus, it's customizable to your financial goals. With the Guaranty Growth Builder 14, you can have peace of mind about your future. It's your solid plan for a worry-free retirement.

Guaranty Growth Builder 14-brochure Guaranty Growth Builder 14-brochure

Guaranty Growth Builder 14

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About Product

Type
Fixed Index
Purpose
Accumulation
Premium Bonus
12%
Term
14 Years
Surrender schedule
14%
14%
12%
12%
10%
10%
9%
8%
7%
6%
5%
4%
3%
2%
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, DE, FL, GA, IL, IN, IA, KS, KY, LA, MI, NE, NM, NC, ND, SD, TN, VT, 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
115% Participation
1-Year Citi Risk Balanced 5% Net PTP Participation Rate
Point to Point
Annual
175% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
85% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
135% 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
4.25% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.25% Cap

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Penalty 14% 14% 12% 12% 10% 10% 9% 8% 7% 6% 5% 4% 3% 2%

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
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Riders

No Riders for Guaranty Growth Builder 14 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

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. 

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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