Heritage Growth Advantage+
The Heritage Growth Advantage+ is a terrific investment for a secured retirement. Featuring flexible earnings and withdrawal options, it's an easy way to ensure peace of mind during your golden years.
You'll love the product's ability to adapt to market changes while guaranteeing a regular income. Involve yourself in an Advantage+ plan today for a happy, worry-free retirement!
Heritage Growth Advantage+
Ratings:
- A.M. Best B++
- Fitch BBB-
- Comdex 39
About Product
Heritage Growth Advantage+ includes the added benefit of fully guaranteed Participation Rates on every indexed account. During the Surrender Charge Period, the Participation Rate will never be less than the initial guaranteed rate.
Allocation Accounts
Name | Type | Rates |
---|---|---|
10-Year Fixed Account (Most States) |
Fixed
|
3%
Fixed
|
1-Year Fixed Account (CA Only) |
Fixed
|
3%
Fixed
|
1-Year Morgan Stanley Dynamic US Equities PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
75%
Participation
|
2-Year Morgan Stanley Dynamic US Equities PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
130%
Participation
|
1-Year S&P MARC 5% ER PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
105%
Participation
|
2-Year S&P MARC 5% ER PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
145%
Participation
|
1-Year SG Entelligent Agile 6% VT PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
95%
Participation
|
2-Year SG Entelligent Agile 6% VT PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
135%
Participation
|
1-Year S&P 500 Dynamic Intraday TCA PTP Cap Guaranteed for Term |
Point to Point
Annual
|
7%
Cap
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for Heritage Growth Advantage+ annuity.
Waivers
Nursing Home
Unavailable in states: CA, and SD
Up to 50% of your Account Value is available for withdrawal, penalty-free, after the first contract year, should you be confined, on a physician’s written recommendation, to a nursing home for 90 consecutive days. Certain restrictions apply, see contract for details.
Premium Notes
Withdrawal Provisions
A Market Value Adjustment may apply to withdrawals over the Free Withdrawal options and to certain annuitization options. The MVA is based on the change in the leading bond index yield from the close of business on the day prior to your contract being issued and the close of business the day prior to your withdrawal. The MVA may be a credit, increasing your withdrawal amount, or a fee, decreasing your withdrawal amount. Due to the mechanics of an MVA, Surrender Values generally decrease as the index yield rises or remains constant. When the index yield decreases enough over time, the Surrender Values generally increase. Even with a negative MVA, you will never receive less than the Guaranteed Minimum Cash Value.
Free Withdrawal
10% of your Beginning of Year Account Value is available for withdrawal, penalty-free, after the first contract year.
Your Free Withdrawal amount can be taken as a one-time payment or as automatic installments paid annually, semi-annually, quarterly or monthly. There is a $100 minimum for automatic payments and they must be paid by electronic transfer. May be subject to additional terms.
Free withdrawals are taken from the Fixed Account, unless otherwise specified by the owner. If any withdrawal is not fully paid from the Fixed Account, the unpaid portion will be deducted pro-rata from the Account Value held in all Index Accounts with the same term, starting with the shortest-term Index Accounts. Withdrawals over 10% during the Surrender Charge Period are subject to Withdrawal Charges, Bonus Recapture, and Market Value Adjustment (MVA).
Required Minimum Distributions (RMDs)
RMDs can be taken penalty-free after the first six months. Systematic withdrawals may be scheduled for annual, semi-annual, quarterly or monthly basis. $100 minimum applies. Must be paid by electronic transfer. May be subject to additional terms.