Guaranty Guidepath Bonus 10
Guaranty Guidepath Bonus 10
About Product
Guidepath Bonus is a fixed indexed annuity with interest crediting options that include a fixed rate and multiple methods linked to innovative and well-known to market indices. It automatically includes a no-fee Premium Bonus Rider that boosts contract value for instant momentum.
Rate Guarantees
- Guaranty Income Life guarantees the rate on the S&P 500 Index and the S&P 500 Dynamic Intraday TCA Index over a stated term of every 5 years for the 10-year plan.
- Guaranty Income Life guarantees the rate on the Nasdaq-100 Chronos 10 Index over a stated term of every 5 years for the 10-year plan.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 5-Year Franklin SG Insights High Water Mark Participation Rate |
High Water Mark
5-Year
|
125%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.25%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 1-Year Franklin SG Insights PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 1-Year UBS MASTR PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 1-Year S&P 500 PTP Cap Guaranteed for Term |
Point to Point
Annual
|
3.75%
Cap
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Cap Guaranteed for Term |
Point to Point
Annual
|
6%
Cap
|
| 1-Year Nasdaq-100 Chronos 10 PTP Cap Guaranteed for Term |
Point to Point
Annual
|
6%
Cap
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
4.5%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% | 1% |
Riders
No Riders for Guaranty Guidepath Bonus 10 annuity.
Waivers
Death
A market value adjustment is not applied to the Death Benefit.
Nursing Home
Surrender charges and MVA are waived due to confinement to nursing home after contract is issued.
Terminal Illness
Surrender charges and MVA are waived due to diagnosis of terminal illness after contract is issued.
RMD
RMDs will be free of Surrender Charges and MVA in any year. RMDs for the first year are encouraged to be taken before contract issuance.
Premium Notes
18-80
Owner & Annuitant Guidelines
Single and Joint Annuitants. Trust, Single, and Joint Owners. Joint owners must be spouses.
Premium Limits
Minimum Single Premium: $15,000
Maximum Single Premium: Up to $3,000,000; $2,000,000 for age 80.
Withdrawal Provisions
Free Partial WithdrawalsInterest only in first year (excluding bonus). 10% free withdrawal starting in the second year. No charges for RMDs and Nursing Home Waiver. RMDs for year one are encouraged to be taken before contract issuance. Market Value Adjustment (MVA) A market value adjustment is applied only during the surrender charge period to full surrenders and any partial withdrawals in excess of the Free Withdrawal Amount available. A market value adjustment is not applied to the Death Benefit or to any applicable Free Withdrawal Amount. The MVA may increase or decrease the amount the customer receives based on changes in treasury rates.
- A.M. Best A-
- Comdex 56
