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Teton Bonus 5

The Teton Bonus 5 is a superb choice for people eyeing a secure future. I love its smart design that boosts the initial premium by 5%! It's like you're getting a head-start in your retirement journey.

With lifetime income options and death benefits, your loved ones are also covered. It's a safe, smart choice with Teton Bonus 5. Let's embrace the golden years with confidence!

Teton Bonus 5

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Investment

Your Gender

Your Age

Retire At

About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

Term

5 Years

Surrender schedule

12%

11%

10%

Fee withdrawal:

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 Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP

Launch Date

06/05/2024

Teton Bonus annuity series is a Modified Single Premium Fixed Indexed Deferred Annuity series. It's intended for a client seeking a long-term retirement savings vehicle. Different Withdrawal Charge Periods are available for you to choose from.

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.

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MA, MI, MN, MS, MO, MT, NE, NV, NH, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Barclays Atlas 5 Boost Spread (Most States)	Boost Annual	2.25% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread (Most States)	Boost Annual	2.5% Spread
1-Year Nasdaq Generations 5 Boost Spread (Most States)	Boost Annual	2.25% Spread
1-Year Fixed Account (Most States)	Fixed	3% Fixed
1-Year S&P 500 PTP Monthly Average Participation Rate (Most States)	Point to Point Annual Monthly average	75% Participation
1-Year S&P 500 PTP Monthly Sum Cap (Most States)	Point to Point Annual Monthly sum	2.15% Cap
1-Year S&P 500 PTP Participation Rate (Most States)	Point to Point Annual	40% Participation
1-Year S&P 500 PTP Cap (Most States)	Point to Point Annual	6.25% Cap
1-Year Barclays Atlas 5 PTP Participation Rate (Most States)	Point to Point Annual	150% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate (Most States)	Point to Point Annual	160% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (Most States)	Point to Point Annual	152% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (Most States)	Point to Point Annual	57% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Most States)	Point to Point Annual	70% Participation
1-Year Barclays Atlas 5 Boost Spread (Variation States)	Boost Annual	1.75% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread (Variation States)	Boost Annual	2% Spread
1-Year Nasdaq Generations 5 Boost Spread (Variation States)	Boost Annual	1.75% Spread
1-Year Fixed Account (Variation States)	Fixed	2.75% Fixed
1-Year S&P 500 PTP Monthly Average Participation Rate (Variation States)	Point to Point Annual Monthly average	70% Participation
1-Year S&P 500 PTP Monthly Sum Cap (Variation States)	Point to Point Annual Monthly sum	2% Cap
1-Year S&P 500 PTP Participation Rate (Variation States)	Point to Point Annual	37% Participation
1-Year S&P 500 PTP Cap (Variation States)	Point to Point Annual	5.75% Cap
1-Year Barclays Atlas 5 PTP Participation Rate (Variation States)	Point to Point Annual	140% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate (Variation States)	Point to Point Annual	150% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate (Variation States)	Point to Point Annual	142% Participation
1-Year S&P 500 Duo Swift PTP Participation Rate (Variation States)	Point to Point Annual	52% Participation
1-Year Bloomberg Versa 10 PTP Participation Rate (Variation States)	Point to Point Annual	65% Participation

Surrender schedule

Year	1	2	3	4	5
Penalty	12%	12%	11%	10%	9%

Riders

Name	Inbuilt	Fee
Teton 5 Elevation Rider	Yes

Waivers

Nursing Home

Unavailable in states: CA, and SD

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.

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.

ADL

Unavailable in states: CA, and SD

Home Health Care Benefit. Up to 20% of the Account Value can be withdrawn each year for 5 Policy Years 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

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 withdrawalsFree 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.

Company Founded: 1935

Average Rated Company

SILAC Insurance Company

Company Ratings

4.7