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Best Guaranteed Annuity Rates
2-Year
5.55%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Teton 5 (Most States)

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Highlights

Teton is a Modified Single Premium Fixed Indexed Annuity. Teton may be a good fit if you are looking for:   
  • 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. 
Barclays Atlas 5 Boost/Spread - Spread decreases your interest rate. Your interest credit will never be less than zero.
The boost increases your interest credit.

Inherited IRAs
Inherited IRAs will be allowed on Teton subject to the following conditions: 
  • Inherited 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
Available in states: AL, AZ, AR, CT, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MI, NE, NH, NM, NC, ND, OK, RI, SD, TN, VT, WV, WI, and WY
Type
Fixed Index
Purpose Accumulation
Term
5 Years
Surrender schedule
12%12%11%10%9%
Free withdrawal
1st year: 0%
2nd+ year: 5%
Market value adjustment
Return of premium
Launch date
06/05/2024
Minimum contribution
$10,000
Maximum contribution
$1,000,000
Max Age Qualified
90
Types of funds
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP
Brochure
Open brochure

Find out if the Teton 5 (Most States) is the right product for you.

Premium Notes

Minimum Premium 
  • $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.
Note: we take TSP as a rollover to IRA.

Withdrawal Provisions

Free withdrawals
In the 1st Policy Year, Required Minimum Distributions can be withdrawn. After the 1st Policy Year, Up to 5% 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 20% of your account value (as of the most recent policy anniversary).

Allocation Accounts

Name Type Rates
1-Year Barclays Atlas 5 Boost Spread
Boost
Annual
4% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread
Boost
Annual
4.25% Spread
1-Year Nasdaq Generations 5 Boost Spread
Boost
Annual
4% Spread
1-Year Fixed Account
Fixed
4.5% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.75% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
52% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
3% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
95% Participation
1-Year Barclays Atlas 5 PTP Participation Rate
Point to Point
Annual
197% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate
Point to Point
Annual
210% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate
Point to Point
Annual
200% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate
Point to Point
Annual
75% Participation

Surrender schedule

Year 1 2 3 4 5
Penalty 12% 12% 11% 10% 9%

Riders

Name Inbuilt Fee
Teton 5 Elevation Rider No

Waivers

Death

Beneficiary(s) will receive the full Account Value upon the death of the Owner.

Nursing Home

Unavailable in states: SD

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

Unavailable in states: SD

Home Health Care Benefit Up to 20% of the Account Value can be withdrawn each year for 5 Policy Years if the Owner is unable to perform 2 of the 5 Activities of Daily Living without the physical assistance of another person and meets eligibility requirements. Available after the 1st Policy Year.

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