Teton Bonus 7 (Variation States)
Looking for a reliable way to secure your future? The Teton Bonus 7 is a fantastic choice! This annuity product perks up your plans with its generous 7% bonus credited to your account immediately after purchase. Enjoy the financial stability you deserve!
What's more, it guarantees steady income payouts during your retirement. No need to worry about outliving your savings. Teton Bonus 7 is certainly a smart & safe investment for your golden years!
Teton Bonus 7 (Variation States)
About Product
Barclays Atlas 5 Spread/Boost - 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 Barclays Atlas 5 Boost Spread |
Boost
Annual
|
1.75%
Spread
|
| 1-Year S&P 500 RavenPack AI PTP Boost Spread |
Boost
Annual
|
2.25%
Spread
|
| 1-Year Nasdaq Generations 5 Boost Spread |
Boost
Annual
|
2%
Spread
|
| 1-Year Fixed Account |
Fixed
|
2.75%
Fixed
|
| 1-Year Fixed Account (CO Only) |
Fixed
|
2.75%
Fixed
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 8% | 7% | 6% | 5% | 4% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Elevation Rider | No | |
| Elevation Rider (CT) | 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Up to 100% of the Account Value can be withdrawn if the Owner is confined to a nursing home for at least 90 consecutive days and meets the eligibility requirement.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. Please see the Certificate of Disclosure for more information.
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Up to 100% of the Account Value can be withdrawn if the Owner is diagnosed with a Terminal Illness that results in the Owner having a life expectancy of 12 months or less and eligibility requirements are met.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. Please see the Certificate of Disclosure for more information.
ADL
Unavailable in states: CA
Up to 100% of the Account Value can be withdrawn if the Owner is unable to perform 2 of the 6 Activities of Daily Living without the physical assistance of another person and meets eligibility requirements.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
- $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 WithdrawalsIf 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
