based on complex data

Annuity Educator Rating

Annuity review

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

Your Email

Compare this annuity with 800+ others from 100+ companies

Your State

Investment

Your Gender

Your Age

Retire At

No agent will call you

About Product

Type

Fixed Index

Purpose

Accumulation

Term

5 Years

Surrender schedule

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	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

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.

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