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
Ratings:
- A.M. Best A-
- Comdex 59
About Product
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% |
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
- 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.
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