Teton Bonus 5 (Variation States)

The Teton Bonus 5 annuity is a smart, solid choice for secure future planning. It promises steady growth with added bonuses that protect your investment from market fluctuations, letting you retire with peace of mind.

Features like its 5% upfront bonus and potential for lifetime income make it a top pick for anyone looking for a low-risk way to grow their nest egg. Secure your tomorrow with Teton Bonus 5's annuity.

Teton Bonus 5 (Variation States)-brochure Teton Bonus 5 (Variation States)-brochure

Teton Bonus 5 (Variation States)

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Ratings:

  • A.M. Best B
  • Comdex 35

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About Product

Type
Fixed Index
Purpose
Accumulation
Premium Bonus
7%
Term
5 Years
Surrender schedule
9.3%8.4%7.5%6.6%5.7%
Fee withdrawal:
5%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
90
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
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.

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: AK, CO, CT, DE, ID, MA, MN, MO, MT, NV, OH, OR, PA, SC, TX, UT, and WA

Allocation Accounts

Name Type Rates
1-Year Barclays Atlas 5 Boost Spread
Boost
Annual
1.75% Spread
1-Year S&P 500 RavenPack AI PTP Boost Spread
Boost
Annual
2% Spread
1-Year Nasdaq Generations 5 Boost Spread
Boost
Annual
1.75% Spread
1-Year Fixed Account
Fixed
2.75% Fixed
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
70% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
37% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.75% Cap
1-Year Barclays Atlas 5 PTP Participation Rate
Point to Point
Annual
140% Participation
1-Year S&P 500 RavenPack AI PTP Participation Rate
Point to Point
Annual
150% Participation
1-Year Nasdaq Generations 5 PTP Participation Rate
Point to Point
Annual
142% 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
Penalty 9% 8% 8% 7% 6%

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Riders

Name Inbuilt Fee
Teton 5 Elevation Rider No

Waivers

Nursing Home

Unavailable in states: CA

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

Home Health Care Benefit. Up to 100% of the Account Value can be withdrawn 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.

Note: we take TSP as a rollover to IRA.

Withdrawal Provisions

Free withdrawals

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 20% of your account value (as of the most recent policy anniversary).

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