Teton Bonus 14 (CA Only)
Enjoy peace of mind about your retirement with the Teton Bonus 14 annuity. This product offers a comforting mix of certainty and growth potential. A fixed interest rate is guaranteed, providing certainty and peace of mind, while the possibility of additional interest based on the performance of an external market index creates a buoyant growth potential. Plus, there's zero downside market risk!
The Teton Bonus 14 provides immediate growth through a premium bonus added to your annuity purchase. Additionally, the benefit of tax-deferred growth allows your savings to work harder for you. And when life throws a curveball, don't worry - multiple liquidity options are available. Plus, this annuity helps you leave a legacy for your loved ones, avoiding probate and passing the full account value to beneficiaries after your passing.
Teton Bonus 14 (CA Only)
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Ratings:
- A.M. Best B
- Comdex 35
About Product
Type
Fixed Index
Purpose
Accumulation
Premium Bonus
13%
Term
14 Years
Surrender schedule
11%10.3%9.2%8.9%7.8%6.7%6.25%5%4.5%3.3%2.7%1.3%0.7%0.5%
Fee withdrawal:
5%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
56
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
Launch Date
05/01/2019
The Teton Bonus Series is designed to help meet your long-term retirement savings needs. They include a withdrawal charge period. If you withdraw more than the free amount allowed during the withdrawal charge period, a withdrawal charge, market value adjustment and premium bonus recovery, if applicable, will be applied. These charges do not apply to free withdrawals, cumulative withdrawals, RMDs, nursing home-withdrawals, terminal illness withdrawals, home-health care withdrawals, income payments, or death benefits. (For more information see Certificate of Disclosure.)
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:
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:
CA
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Nasdaq Generations 5 PTP 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 PTP Boost Spread |
Boost
Annual
|
2%
Spread
|
| 1-Year Fixed Account |
Fixed
|
2.75%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
75%
Participation
|
| 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 | 11 | 12 | 13 | 14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 11% | 10% | 9% | 9% | 8% | 7% | 6% | 5% | 5% | 3% | 3% | 1% | 1% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Elevation Rider | No |
Waivers
No Waivers for Teton Bonus 14 (CA Only) annuity.
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.
The Teton Bonus series allows you to add an additional premium for the first policy year. All additional premiums will automatically be applied to the fixed interest strategy and can be reallocated at the end of the first year.
Note: we take TSP as a rollover to IRA.
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 30% of your account value (as of the most recent policy anniversary).
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).
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