Guaranty WealthChoice 5
The WealthChoice 5 annuity is a godsend for retirees! This product does the heavy lifting, guarding against market downturns while ensuring steady income for your golden years. It's simple, reliable, and does exactly what it promises!
With a keen focus on flexibility, this annuity allows you to adapt according to your life changes. WealthChoice 5 is a clever choice for those who value reassurance and flexibility in their retirement planning. Get more bang for your buck and peace of mind with WealthChoice 5.
Guaranty WealthChoice 5
About Product
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
|
10%
Cap
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.5%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
1-Year Horizon Ascend 5% PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
6.5%
Performance triggered
|
1-Year Barclays Global Quality PTP Participation Rate |
Point to Point
Annual
|
160%
Participation
|
1-Year S&P 500 Dynamic Intraday TCA PTP Cap |
Point to Point
Annual
|
12.75%
Cap
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 |
---|---|---|---|---|---|
Penalty | 9% | 8% | 7% | 6% | 5% |
Riders
No Riders for Guaranty WealthChoice 5 annuity.
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
GILICO only allows additional premiums to be added as a Lump Sum, Periodic Payments are not allowed.
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
- A.M. Best A-
- Comdex 59