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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%
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Heritage Growth Advantage 10

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Learn how an annuity can provide guaranteed income for life.

Highlights

Heritage Growth Advantage is an innovative single-pay, fixed index annuity (FIA) with guaranteed rates for the entire Surrender Charge Period. It also guarantees you will keep your funds even if market performance is negative. So, if you want growth potential without risk of loss, talk to your financial planner about the Heritage Growth Advantage. 
Available in states: AL, AK, AZ, AR, CA, CO, DE, FL, 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, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Type
 Fixed Index
Purpose Accumulation
Term
 10 Years
Surrender schedule
 9.3%9.3%8.3%7.3%6.3%5.3%4.2%3.2%2.1%1%
Free withdrawal
 1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
 07/05/2022
Minimum contribution
 $25,000
Maximum contribution
 $1,000,000
Max Age Qualified
 80
Types of funds
 Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA
Brochure
 Open brochure

Find out if the Heritage Growth Advantage 10 is the right product for you.

Premium Notes

Issue Age
18 - 80
Single premium product. Multiple transfers accepted. No subsequent premiums accepted after issue. Premium exceptions require approval. 

Premium Information
$25,000 - $1,000,000
Some states may impose a premium tax at purchase or upon annuitization.

Owner/Annuitant Information & Restrictions
  • Single Annuitant only.
  • Single Owner: Owner and Annuitant must be the same person.
  • Joint Owner: Must be lawfully wedded spouses. Beneficiary will be, “Surviving Joint Owner.” 
  • Grantor Trust: Grantor must be named Annuitant. 
  • Trust: Only one owner at a time, no Joint Owner. Must be an agent for a natural person. Natural Person must be named as Annuitant. 
  • Custodial (UGMA, UTMA) 
  • Inherited IRA: Secure Act eligible beneficiaries only  

Withdrawal Provisions

Withdrawal Options
  • RMD: Penalty-free after first 6 months. 
  • Free Withdrawals: Up to 10% of the Beginning of Year Account Value penalty-free after 1st year. Must be taken in a single transaction per contract year. 
  • Nursing Home Waiver: Up to 50% of Account Value available penalty-free after 1st year 
Market Value Adjustment
Applies during the Withdrawal Charge period to withdrawals over the Free Withdrawal amounts 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 the contract being issued and the close of business the day prior to the withdrawal. 

Allocation Accounts

Name Type Rates
10-Year Fixed Account (Most States)
Fixed
3.5% Fixed
1-Year Fixed Account (CA Only)
Fixed
3.5% Fixed
1-Year Morgan Stanley Dynamic US Equities PTP Participation Rate Guaranteed for Term
Point to Point
Annual
110% Participation
2-Year Morgan Stanley Dynamic US Equities PTP Participation Rate Guaranteed for Term
Point to Point
Biennial
165% Participation
1-Year S&P MARC 5% ER PTP Participation Rate Guaranteed for Term
Point to Point
Annual
155% Participation
2-Year S&P MARC 5% ER PTP Participation Rate Guaranteed for Term
Point to Point
Biennial
195% Participation
1-Year SG Entelligent Agile 6% VT PTP Participation Rate Guaranteed for Term
Point to Point
Annual
135% Participation
2-Year SG Entelligent Agile 6% VT PTP Participation Rate Guaranteed for Term
Point to Point
Biennial
170% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Cap Guaranteed for Term
Point to Point
Annual
11.5% 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 10 annuity.

Waivers

Nursing Home

Unavailable in states: CA, and SD

Up to 50% of the Account Value is Available Penalty-Free after first Contract Year. If on a Physician's written recommendation, the Annuitant is confined in an Eligible Nursing Home due to: medical necessity, the Annuitant being unable to perform two of the six Activities of Daily Living (ADL), or the Annuitant having a cognitive impairment. The six ADLs are: eating, bathing, dressing, transferring (walking), toileting, continence. Nursing home confinement must last for 90 days before Annuitant is eligible for the benefit. The Waiver benefit is not available if the annuitant was confined to nursing home when the policy was issued. Certain restrictions apply, see contract for details.

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