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!
WealthChoice 10
Ratings:
- A.M. Best A-
- Comdex 59
About Product
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3%
Fixed
|
1-Year S&P 500 PTP Cap |
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
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Wealth Choice GLBR - Increasing | No | 0.95% annually |
Wealth Choice GLBR - Level | No | 0.95% annually |
Waivers
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
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
10% 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.