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Teton Bonus 14 with Elevation Plus (CA Only)

The Teton Bonus 14 with Elevation Plus is a real gem for Californian retirees. It's a sturdy backup for retirement, offering reliable income streams and comforting bonus on your initial premium.

Your golden years should be worry-free, and this annuity ensures just that. It maximizes your earnings, leaving you more time to enjoy the sunsets. Truly a smart option.

Teton Bonus 14 with Elevation Plus (CA Only)

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Your State

Investment

Your Gender

Your Age

Retire At

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

15%

Term

14 Years

Surrender schedule

11%

10.3%

9.2%

8.9%

7.8%

6.7%

6.25%

4.5%

3.3%

2.7%

1.3%

0.7%

0.5%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$1,000,000

Max Age Qualified

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.

Elevation Plus
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.

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 Plus Rider	Yes

Waivers

No Waivers for Teton Bonus 14 with Elevation Plus (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.

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).

Company Founded: 1935

Average Rated Company

SILAC Insurance Company

Company Ratings

4.7