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Heritage Growth Advantage 10

The Heritage Growth Advantage 10 annuity can be your reliable income generator at retirement, ensuring no worries about outliving savings. It could be your golden ticket to stress-free golden years!

The annuity promises lifelong payouts, and its inflation-adjusted design keeps pace with rising costs. Essentially, it's your sturdy financial parachute for the retirement leap!

Heritage Growth Advantage 10

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

10 Years

Surrender schedule

9.3%

8.3%

7.3%

6.3%

5.3%

4.2%

3.2%

2.1%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA

Launch Date

07/05/2022

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

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	100% Participation
2-Year Morgan Stanley Dynamic US Equities PTP Participation Rate Guaranteed for Term	Point to Point Biennial	155% Participation
1-Year S&P MARC 5% ER PTP Participation Rate Guaranteed for Term	Point to Point Annual	150% Participation
2-Year S&P MARC 5% ER PTP Participation Rate Guaranteed for Term	Point to Point Biennial	190% Participation
1-Year SG Entelligent Agile 6% VT PTP Participation Rate Guaranteed for Term	Point to Point Annual	130% Participation
2-Year SG Entelligent Agile 6% VT PTP Participation Rate Guaranteed for Term	Point to Point Biennial	165% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Cap Guaranteed for Term	Point to Point Annual	10.5% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates

See if this annuity ranks in your top 3 for Ohio

Investment Amount

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.

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 OptionsRMD: 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 AdjustmentApplies 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.

Company Founded: 1960

Good Rated Company

Investors Heritage Life Insurance Company

Company Ratings

4.8