Guaranty Income Life Insurance Company
4.9
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-brochure Guaranty WealthChoice 5-brochure

Guaranty WealthChoice 5

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About Product

Type
Fixed Index
Purpose
Accumulation
Term
5 Years
Surrender schedule
9%
8%
7%
6%
5%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
Yes
Minimum Contribution
$20,000
Maximum Contribution
$1,000,000
Max Age Qualified
90
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%

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
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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
  • A.M. Best A-
  • Comdex 59
Assets: $6,742,562,825
Iowa

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