Guaranty Guidepath Income 7
Guaranty Guidepath Income 7
About Product
Guidepath Income is a fixed indexed annuity with interest crediting options that include a fixed rate and multiple methods tied to innovative and well-known market indices. It offers two Guaranteed Lifetime Withdrawal Benefit rider options—the Interest Roll-Up and Interest Credit Multiplier. These riders deliver competitive income and enhancements related to activities of daily living to help provide added security.
Rate Guarantees
- Guaranty Income Life guarantees the rate on the S&P 500® Index and the S&P 500® Dynamic Intraday TCA over a stated term of 7 years or 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 7 years or every 5 years for the 10-year plan.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 7-Year Franklin SG Insights High Water Mark Participation Rate |
High Water Mark
7-Year
|
125%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.25%
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
|
4.75%
Cap
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Cap Guaranteed for Term |
Point to Point
Annual
|
7%
Cap
|
| 1-Year Nasdaq-100 Chronos 10 PTP Cap Guaranteed for Term |
Point to Point
Annual
|
7%
Cap
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
4%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Interest Roll-Up GLWB Rider | Yes | 1.20% annually |
| Interest Credit Multiplier GLWB Rider | Yes | 1.20% annually |
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. 10% annual free withdrawal starts in the second year. No charges for RMDs, GLWB payments 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
