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Guaranty WealthChoice 10

Retirement is a joy with WealthChoice 10! This annuity product is a game-changer, making your golden years secure yet comfortable. Offering a stable income for 10 years, it assures peace of mind.

The best part – you don't need to fret over market fluctuations. WealthChoice 10 guarantees a fixed income, so you're cushioned from unexpected investment risks. No wonder it's a retiree's favorite choice!

Guaranty WealthChoice 10

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

10 Years

Surrender schedule

10%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Yes

Minimum Contribution

$20,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, and IRA-Roth

Launch Date

10/01/2019

WealthChoice is a tax-deferred Fixed Index Annuity (FIA) designed with competitive growth options with protection from market downturns. Premiums may be added during the first contract year.

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	3% Fixed
1-Year S&P 500 PTP Cap with Bailout	Point to Point Annual	8% Cap
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.25% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	40% Participation
1-Year Horizon Ascend 5% PTP Participation Rate	Point to Point Annual	140% Participation
1-Year Barclays Global Quality PTP Participation Rate	Point to Point Annual	165% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Cap	Point to Point Annual	13.25% Cap
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	6.7% Performance triggered

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	10%	9%	8%	7%	6%	5%	4%	3%	2%	1%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

Name	Inbuilt	Fee
Wealth Choice GLBR - Increasing	No	0.95% annually
Wealth Choice GLBR - Level	No	0.95% annually

Waivers

Bail-Out

If the next declared cap rate for the Annual Point-to-Point Cap crediting strategy falls below the bailout rate during the surrender charge period, the surrender charges and Market Value Adjustment are waived for the total Account Value for a 30-day window.

Terminal Illness

A health condition or injury experienced, which to a reasonable degree of medical certainty, confirmed by a Physician, will result in that person’s death within one year.

Confinement

Receiving continuous care for at least 30 days from a hospital or long-term care facility.

Premium Notes

WealthChoice can be purchased for a 5-, 7- or 10-year period with a single premium payment from $20,000 to $1,000,000. Throughout the first contract year, additional premiums may be applied (at a minimum of $5,000 and not to exceed $1,000,000 total). Additional premiums can be reallocated at the next contract anniversary.
GILICO only allows additional premiums to be added as a Lump Sum, Periodic Payments are not allowed.

Maximum Age
If adding GLBR, the maximum issue age is 80.

Withdrawal Provisions

Free Partial Withdrawals10% of the prior anniversary’s accumulation value is available free of surrender charge, and MVA applies in all years. During the first year, it is 10% of the initial premium.

Company Founded: 1926

Excellent Rated Company

Guaranty Income Life Insurance Company

Company Ratings

4.9