Teton 14 with Elevation Plus (CO Only)
The Teton 14 with Elevation Plus is a top-of-the-line annuity product offering stability and lucrative returns. It's perfect for retirees in Colorado who want to secure future finances while enjoying peace of mind.
Its outstanding features such as lifetime income options and cost-free withdrawals truly make it a trusted companion for your retirement plans. Teton 14, you're not just investing, you're embracing a worry-free future!
Teton 14 with Elevation Plus (CO Only)
Ratings:
- A.M. Best B
- Comdex 35
About Product
- Guarantees
You can choose the certainty of a fixed interest rate that is annually declared and subject to minimum guarantees. Your annuity also has a Minimum Guaranteed Value. - Growth Potential
You also have the choice of interest based on the performance of an external market Index. - Protection of Principal
Your savings are always protected from market fluctuations and are 100% principal protected. There is no direct downside market risk to your funds. - Tax Deferral
Save more for retirement with tax deferred growth. The Teton Series allows you to keep more of your retirement savings working for you by deferring taxes until you choose to access the funds in your annuity. - Access to Funds
Multiple liquidity options are available to help you when life throws a curveball. After the withdrawal charge period, you can always access the full account value of your annuity. - Wealth Transfer
Leave a legacy for your loved ones and avoid probate. The full account value is available after your death. If your spouse is the beneficiary, then he or she can always choose to continue the policy.
The boost increases your interest credit.
Inherited IRAs:
Inherited IRAs will be allowed on Teton subject to the following conditions:
- nherited IRAs are not accepted for a deceased who passed in 2020 or later.
- When the beneficiary is younger than the decedent, maximum issue age of 65.
- When the beneficiary is older than the decedent, the maximum age at death is 65.
- If the new SILAC IRA is Teton or Teton Bonus, additional premiums will not be accepted
- Distribution restrictions apply
Elevation Plus is an optional rider that can be added to Teton. Elevation or Elevation Plus can be added to Teton but not both.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Nasdaq Generations 5 Boost Spread |
Boost
Annual
|
3.5%
Spread
|
| 1-Year S&P 500 RavenPack AI PTP Boost Spread |
Boost
Annual
|
3.75%
Spread
|
| 1-Year Barclays Atlas 5 Boost Spread |
Boost
Annual
|
3.5%
Spread
|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
95%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.65%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
52%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 1-Year Nasdaq Generations 5 PTP Participation Rate |
Point to Point
Annual
|
185%
Participation
|
| 1-Year S&P 500 RavenPack AI PTP Participation Rate |
Point to Point
Annual
|
195%
Participation
|
| 1-Year Barclays Atlas 5 PTP Participation Rate |
Point to Point
Annual
|
182%
Participation
|
| 1-Year S&P 500 Duo Swift PTP Participation Rate |
Point to Point
Annual
|
70%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 15% | 14% | 13% | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Elevation Plus Rider | Yes |
Waivers
Nursing Home
Up to 100% of the Account Value can be withdrawn if the Owner is confined to a nursing home for at least 90 consecutive days and meets the eligibility requirement. Available after the 1st Policy Year.
Terminal Illness
Up to 100% of the Account Value can be withdrawn if the Owner is diagnosed with a Terminal Illness that results in the Owner having a life expectancy of 12 months or less and eligibility requirements are met. Available after the 1st Policy Year.
ADL
After the first policy year, you can withdraw up to 20% of your annuity's contract value each year for 5 years if you need home health care services and meet the eligibility requirements.
Premium Notes
- $10,000 Qualified and Non-Qualified
- Additional premiums allowed 1st 12 months. (Minimum Additional Premium: $2,000). Additional premiums accepted as both, Lump Sum or Periodic payments.
Withdrawal Provisions
In the 1st Policy Year, Required Minimum Distributions can be withdrawn. After the 1st Policy Year, Up to 10% of the Account Value or RMD can be withdrawn. One non-systematic free withdrawal allowed per year.
Cumulative Free Withdrawals
If no withdrawals are taken in a given year, fully unused free withdrawals can be carried over to the next policy year. The maximum cumulative free withdrawal amount is 50% of your account value (as the most recent policy anniversary).
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