Guaranty Guidepath Growth 7
About Product
Guaranty Guidepath Growth Fixed Indexed Annuity offers a thoughtful blend of protection, growth potential, and flexibility—empowering you to shape a retirement journey defined by security, abundance, and financial peace of mind.
Optional Guaranteed Accumulation Protection (GAP) Rider
Optional for a fee. The rider guarantees a minimum percentage of accumulation in the account value at the end of the contract term (minus withdrawals), regardless of the performance of the underlying crediting strategies. Interest is credited based on the higher of the index performance or the GAP factor minus withdrawals.
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 5 or 7 years.
- Guaranty Income Life guarantees the rate on the Nasdaq-100 Chronos 10 Index over a stated term of 5 or 7 years. The first-year rate includes a 1% bonus on the cap, in addition to the rate, for the first contract year only.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 7-Year Franklin SG Insights High Water Mark Participation Rate |
High Water Mark
7-Year
|
150%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year Franklin SG Insights PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 1-Year UBS MASTR PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 1-Year S&P 500 PTP Cap Guaranteed for Term |
Point to Point
Annual
|
8%
Cap
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Cap Guaranteed for Term |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year Nasdaq-100 Chronos 10 PTP Cap Guaranteed for Term |
Point to Point
Annual
|
11%
Cap
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
6%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
No Riders for Guaranty Guidepath Growth 7 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
18-90
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 ages 81+.
Withdrawal Provisions
Free Partial WithdrawalsInterest only in first year. 10% annual free withdrawal starts 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
