Teton Bonus 14 (Most States)
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Highlights
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:
AL, AZ, AR, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MI, MS, NE, NH, NM, NC, ND, OK, RI, SD, TN, VT, VA, WV, WI, and WY
Type
|
Fixed Index
|
---|---|
Premium Bonus
|
13% |
Term
|
14 Years |
Surrender schedule
|
14.75%13.75%12.75%11.75%10.75%10%9%8%7%6%5%4%3%2% |
Free withdrawal
|
1st year: 0% 2nd+ year: 5% |
Market value adjustment
|
|
Return of premium
|
|
Minimum contribution
|
$10,000 |
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 |
Brochure
|
Open brochure |
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Barclays Atlas 5 Boost Spread |
Boost
Annual
|
2.75%
Spread
|
1-Year S&P 500 RavenPack AI PTP Boost Spread |
Boost
Annual
|
3%
Spread
|
1-Year Nasdaq Generations 5 Boost Spread |
Boost
Annual
|
2.75%
Spread
|
1-Year Fixed Account |
Fixed
|
3.25%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.75%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
47%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.25%
Cap
|
1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
80%
Participation
|
1-Year Barclays Atlas 5 PTP Participation Rate |
Point to Point
Annual
|
162%
Participation
|
1-Year S&P 500 RavenPack AI PTP Participation Rate |
Point to Point
Annual
|
172%
Participation
|
1-Year Nasdaq Generations 5 PTP Participation Rate |
Point to Point
Annual
|
167%
Participation
|
1-Year S&P 500 Duo Swift PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Penalty | 15% | 14% | 13% | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Elevation Rider | No |