Teton Bonus 10 (Variation States)
Teton Bonus 10 (Variation States)
Ratings:
- A.M. Best B
- Comdex 35
About Product
Barclays Atlas 5 Spread/Boost - 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
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Barclays Atlas 5 Boost Spread |
Boost
Annual
|
1.75%
Spread
|
1-Year S&P 500 RavenPack AI PTP Boost Spread |
Boost
Annual
|
2.25%
Spread
|
1-Year Nasdaq Generations 5 Boost Spread |
Boost
Annual
|
2%
Spread
|
1-Year Fixed Account |
Fixed
|
3%
Fixed
|
1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
72%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.75%
Cap
|
1-Year Barclays Atlas 5 PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
1-Year S&P 500 RavenPack AI PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
1-Year Nasdaq Generations 5 PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
1-Year S&P 500 Duo Swift PTP Participation Rate |
Point to Point
Annual
|
52%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 9% | 8% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Elevation Rider | No | |
Elevation Rider (CT) | No |
Waivers
Death
Beneficiary(s) will receive the full Account Value upon the death of the Owner.
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Up to 100% of the Account Value can be withdrawn if the Owner is confined to a nursing home for at least 90 consecutive days and meets the eligibility requirement.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. Please see the Certificate of Disclosure for more information. some states may not apply.
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Up to 100% of the Account Value can be withdrawn if the Owner is diagnosed with a Terminal Illness that results in the Owner having a life expectancy of 12 months or less and eligibility requirements are met.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. Please see the Certificate of Disclosure for more information.some states may not apply
ADL
Up to 100% of the Account Value can be withdrawn if the Owner is unable to perform 2 of the 6 Activities of Daily Living without the physical assistance of another person and meets eligibility requirements. Available after the 1st Policy Year.
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.
Note: we take TSP as a rollover to IRA.
Withdrawal Provisions
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 30% of your account value (as of the most recent policy anniversary).