Teton Bonus 7 with Elevation Plus (CA Only)
The Teton Bonus 7 with Elevation Plus is a brilliant option for retirees in CA. Its notable features include potential for higher returns and bonus additions to initial purchase payment. Get more from your retirement nest egg!
Worry less about the future knowing your principal is protected from market downturns. The Teton Bonus 7 provides options for diverse income streams, ensuring a comfortable golden age. Secure your retirement today!
Teton Bonus 7 with Elevation Plus (CA Only)
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.
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
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.
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Barclays Atlas 5 Boost Spread |
Boost
Annual
|
1.75%
Spread
|
1-Year Nasdaq Generations 5 Boost Spread |
Boost
Annual
|
2%
Spread
|
1-Year S&P 500 RavenPack AI PTP Boost Spread |
Boost
Annual
|
2.25%
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 Cap |
Point to Point
Annual
|
5.75%
Cap
|
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 S&P 500 PTP Participation Rate |
Point to Point
Annual
|
37%
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 |
---|---|---|---|---|---|---|---|
Penalty | 8% | 7% | 6% | 6% | 5% | 4% | 3% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Elevation Plus Rider | Yes |
Waivers
No Waivers for Teton Bonus 7 with Elevation Plus (CA Only) annuity.
Premium Notes
- $10,000 Qualified and Non-Qualified
- Additional premiums allowed 1st 12 months. (Minimum Additional Premium: $2,000)
Note: we take TSP as a rollover to IRA.
Withdrawal Provisions
Free WithdrawalsIn the first 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 WithdrawalsIf not 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).
- A.M. Best B
- Comdex 35