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

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-brochure Guaranty Growth Plus-brochure

Guaranty Growth Plus

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About Product

Type
Fixed Index
Purpose
Lifetime Income
Term
10 Years
Surrender schedule
12%
12%
11%
11%
10%
9%
8%
7%
6%
4%
Fee withdrawal:
5%
Market Value Adjustment
Yes
Return Of Premium
Yes
Minimum Contribution
$20,000
Maximum Contribution
$1,000,000
Max Age Qualified
79
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, and IRA-Roth
Launch Date
01/08/2018
Guaranty Growth Plus is a Single Premium – Tax Deferred – Fixed Indexed Annuity designed to protect your assets from market downturns and grow your retirement savings. In addition to safety and growth, it offers the option to have a Guaranteed Lifetime Income for you and your spouse. 
Available in states: AL, AZ, AR, CA, 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
4% Fixed
1-Year S&P 500 TR PTP Participation Rate
Point to Point
Annual
40% Participation
1-Year S&P 500 TR PTP Cap
Point to Point
Annual
8% 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
165% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
50% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9% 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
165% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates
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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.

Withdrawal Provisions

Free Partial Withdrawal Provision:Available after the first contract year, 5% of the beginning of year Accumulation Value is available without surrender charge.A partial withdrawal from the contract can be requested at any time. Partial withdrawals are taken proportionally from each Fixed and Indexed Account.The free percentage is not cumulative; it is recalculated each year. Once a partial withdrawal is taken, the Penalty Free Amount is reduced by the amount of that withdrawal, taken to $0 if the withdrawal was larger than the Penalty Free Amount.

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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