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)
About Product
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.
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
|
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
- $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Free withdrawalsIn the 1st Policy Year, Required Minimum Distributions can be withdrawn. After the 1st Policy Year, Up to 5% of the Account Value or RMD can be withdrawn.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).
- A.M. Best B
- Fitch BBB-
- Comdex 32
