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WealthDefender 5

The Ibexis Life & Annuity Insurance Company, established in 1937, specializes in the retirement services sector, being particularly known for its fixed annuity offerings. With a mission to protect the financial future of its clients and help them prepare for retirement, Ibexis provides fixed annuities that enable investors to accumulate interest without any risk of losing the principal invested. Such solutions also guarantee a consistent stream of income in retirement. One of the company’s top products is its FIA Plus, a fixed-indexed annuity combining maximal protection with growth opportunity. Ibexis has also partnered with various marketing organizations, such as Ash Brokerage, Creative One, and Financial Independence Group, to distribute its products nationwide.

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Your State

Investment

Your Gender

Your Age

Retire At

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

5 Years

Surrender schedule

7.25%

6.25%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,500,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, IRA-Roth, 457 plan, 1035 Exchange, and Inherited IRA

Launch Date

12/23/2024

The Ibexis WealthDefender is an accumulation-focused Fixed Indexed Annuity (FIA) designed to combine the advantages of traditional FIAs with added features. Enjoy guaranteed rates, flexible access to your contract value, and the reassurance of knowing you’re prepared for life’s unexpected moments.
WealthDefender provides guaranteed index-linked participation rates for the entire withdrawal charge period—providing rate stability you can count on.

Available in states: AK, AZ, AR, CO, CT, DE, DC, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NM, NC, ND, OH, OK, OR, PA, RI, SD, TN, TX, UT, VA, WA, WV, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	4% Fixed
1-Year S&P 500 PTP Cap with Bailout	Point to Point Annual	8.25% Cap
1-Year Nasdaq-100 Engle 10% PTP Participation Rate GTD	Point to Point Annual	74% Participation
1-Year Barclays Tactical Growth PTP Participation Rate GTD	Point to Point Annual	77% Participation
2-Year Nasdaq-100 Engle 10% PTP Participation Rate GTD	Point to Point Biennial	104% Participation
2-Year Barclays Tactical Growth PTP Participation Rate GTD	Point to Point Biennial	114% Participation
1-Year Fixed Account	Fixed	4.2% Fixed
1-Year S&P 500 PTP Cap with Bailout	Point to Point Annual	9.25% Cap
1-Year Nasdaq-100 Engle 10% PTP Participation Rate GTD	Point to Point Annual	80% Participation
1-Year Barclays Tactical Growth PTP Participation Rate GTD	Point to Point Annual	83% Participation
2-Year Nasdaq-100 Engle 10% PTP Participation Rate GTD	Point to Point Biennial	113% Participation
2-Year Barclays Tactical Growth PTP Participation Rate GTD	Point to Point Biennial	123% Participation

Surrender schedule

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

Riders

No Riders for WealthDefender 5 annuity.

Waivers

Bail-Out

If the declared rate for the S&P 500 - 1-YR Cap Rate ever falls below the corresponding declared Bailout Rate, contract owners have up to 30 days to withdraw the Contract Value without Withdrawal Charges or Market Value Adjustment.

Hospital

Contract Owner may withdraw any amount up to the Contract Value without Withdrawal Charges, MVA, or Premium Bonus Recapture Amounts (if applicable to the product) upon qualification under a waiver. Waiver of Withdrawal Charge for Nursing Home or Hospital Confinement: 1. Eligibility must begin after the first contract anniversary; 2. Must be confined to a qualified facility for 90 consecutive days.

Nursing Home

Terminal Illness

Contract Owner may withdraw any amount up to the Contract Value without Withdrawal Charges, MVA, or Premium Bonus Recapture Amounts (if applicable to the product) upon qualification under a waiver. Waiver of Withdrawal Charge for Terminal Illness: 1. Eligibility must begin after the first contract anniversary; 2. Diagnosis must be made by a certified physician that death will occur in 12 months or less.

ADL

Contract Owner may withdraw any amount up to the Contract Value without Withdrawal Charges, MVA, or Premium Bonus Recapture Amounts (if applicable to the product) upon qualification under a waiver. Waiver of Withdrawal Charge for Activities of Daily Living (ADLs): 1. Eligibility must begin after the first contract anniversary; 2. Must be unable to perform at least 2 of 6 ADLs for at least 90 continuous days.

Premium Notes

Issue Ages
0-85
If jointly owned, eligibility is based on older owner’s age.

Withdrawal Provisions

Penalty-Free Withdrawals & Required Minimum DistributionsAfter the first contract anniversary, 10% of the Contract Value is available for withdrawal free of any Withdrawal Charges, MVA, or Premium Bonus Recapture Amounts (if applicable to the product). Any time a withdrawal exceeds the Penalty-Free Withdrawal Amount, the excess will incur Withdrawal Charges, MVA, or Premium Bonus Recapture Amounts (if applicable to the product). Required Minimum Distribution (RMDs) are mandatory withdrawals from qualified contracts. RMDs are not available during the first year and must be processed by the current carrier prior to any transfer. Thereafter, RMDs will be treated as Penalty-Free Withdrawals up to the RMD amount, even if it exceeds the stated Free Withdrawal Amount Market Value Adjustment A Market Value Adjustment (MVA) applies to any full or partial withdrawal to which a Withdrawal Charge applies. An MVA can either decrease or increase the amount received from a withdrawal based on movements in an external index and years remaining in the Withdrawal Charge period.

Company Founded: 1937

Excellent Rated Company

Ibexis Life & Annuity Insurance Company

Company Ratings

4.6