Heritage Growth Advantage 7
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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
|
|---|---|
|
Term
|
7 Years |
|
Surrender schedule
|
9.3%9.3%8.3%7.3%6.3%5.3%4.2% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$25,000 |
|
Types of funds
|
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 7-Year Fixed Account (Most States) |
Fixed
|
3.45%
Fixed
|
| 1-Year Fixed Account (CA Only) |
Fixed
|
3.45%
Fixed
|
| 1-Year Morgan Stanley Dynamic US Equities PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
105%
Participation
|
| 2-Year Morgan Stanley Dynamic US Equities PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
160%
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
|
10.25%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% |