Teton Bonus 10 with Elevation Plus (Variation States)
The Teton Bonus 10 with Elevation Plus is an exceptional investment for your golden years. It offers excellent bonuses and guaranteed earnings. It's user-friendly, allowing easy access to funds. Isn’t stability what we all crave in retirement?
From its brochure, it is designed for long-term growth with a 10% upfront bonus and built-in protection against market downturns. It's a safety net for your hard-earned money. With the Teton Bonus 10, you're planning for a future with peace and security.
Teton Bonus 10 with Elevation Plus (Variation States)
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.
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
|
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 Plus Rider | Yes | |
| Elevation Plus Rider (CT) | Yes |
Waivers
Nursing Home
Unavailable in states: CA
Up to 100% of the Account Value can be withdrawn if the Owner is confined to a nursing home for at least 90 consecutive days and meets the eligibility requirement.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
Unavailable in states: CA
Up to 100% of the Account Value can be withdrawn if the Owner is diagnosed with a Terminal Illness that results in the Owner having a life expectancy of 12 months or less and eligibility requirements are met.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
Unavailable in states: CA
Up to 100% of the Account Value can be withdrawn if the Owner is unable to perform 2 of the 6 Activities of Daily Living without the physical assistance of another person and meets eligibility requirements.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.
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).
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