Teton Bonus 10 with Elevation Plus (CA Only)
The Teton Bonus 10 with Elevation Plus offers a sturdy financial safety net tailored for California residents. With its tempting bonus rate and dependable returns, you can look forward to a stress-free retirement.
Secure the future you deserve by trusting a plan with CPA-proven performance. Enjoy the comfort of knowing that Teton Bonus 10 has your retirement years covered in golden assurance.
Teton Bonus 10 with Elevation Plus (CA Only)
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
Elevation Plus is an optional rider that can be added to Teton Bonus. Elevation or Elevation Plus can be added to Teton Bonus but not both.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Nasdaq Generations 5 Boost Spread |
Boost
Annual
|
2%
Spread
|
| 1-Year S&P 500 RavenPack AI PTP Boost Spread |
Boost
Annual
|
2.25%
Spread
|
| 1-Year Barclays Atlas 5 Boost Spread |
Boost
Annual
|
1.75%
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 Nasdaq Generations 5 PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
| 1-Year S&P 500 RavenPack AI PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 1-Year Barclays Atlas 5 PTP Participation Rate |
Point to Point
Annual
|
140%
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 | 8% | 7% | 6% | 6% | 5% | 4% | 3% | 2% | 1% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Elevation Plus Rider | Yes |
Waivers
No Waivers for Teton Bonus 10 with Elevation Plus (CA Only) annuity.
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
Free WithdrawalsIn 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 of the most recent policy anniversary).
- A.M. Best B
- Comdex 32
