Guaranty Growth Plus
Guaranty Growth Plus is a secure and stress-free annuity choice for your retirement years. It's tailored to steadily grow your savings while ensuring you have a reliable income for the future.
With its stable and predictable growth, Guaranty Growth Plus offers peace of mind and freedom from market risks! Enjoy your golden years with the financial comfort this product provides.
Guaranty Growth Plus
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 TR PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year S&P 500 TR PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year S&P 500 TR PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2%
Cap
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.5%
Cap
|
| 1-Year UBS MASTR PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
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
| Name | Inbuilt | Fee |
|---|---|---|
| Growth Plus | No |
Waivers
Terminal Illness
If a contract owner is diagnosed with a Terminal Illness 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.
Disability
If a contract owner becomes Totally Disabled 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.
Extended Care
Confinement – receiving continuous care for at least 30 days from a hospital or long-term care facility, Please refer to the contract for additional detail.If a contract owner is diagnosed with a Terminal Illness, becomes Totally Disabled 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, Please refer to the contract for additional detail.
Premium Notes
- Single owner: must also be single annuitant
- Joint owner: must also be joint annuitants and spouses
Withdrawal Provisions
Free Partial Withdrawal Provision10% of the Accumulation Value as of the beginning of the current contract year; available annually beginning in Year two (2). The full amount of any Required Minimum Distributions from an IRA after age 73 is always free of surrender charges. Systematic Withdrawals Withdrawals are available in an annual, quarterly, semi-annual, or monthly basis. Any amount in excess of the free amount will be assessed a surrender penalty and potentially be subject to a Market Value Adjustment. Market Value Adjustment (MVA) Applies during Surrender Charge Period Most States - 0.25% offset Interstate Insurance Compact States - 0% offset An MVA is an adjustment based on the 10 Year Constant Maturity Treasury (CMT) which either increases or decreases the cash surrender value during the Surrender Charge Period. If the 10 Year CMT increases, the surrender charge will increase. If the CMT decreases, the surrender charge will decrease.
- A.M. Best A-
- Comdex 56
