Teton Bonus 7 with Elevation Plus (Most States)
Get an annuity today!
Learn how an annuity can provide guaranteed income for life.
Highlights
The Teton Bonus series allows you to add an additional premium for the first policy year. Premium bonuses will also apply to all premiums. All additional premiums will automatically be applied to the fixed interest strategy and can be reallocated at the end of the first year.
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:
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
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.
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:
AL, AZ, AR, DC, FL, GA, HI, IL, IA, KS, KY, LA, ME, MI, MS, NE, NH, NM, NC, ND, OK, RI, SD, TN, VT, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Premium Bonus
|
12% |
|
Term
|
7 Years |
|
Surrender schedule
|
12%12%11%10%9%7%4% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
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 |
Brochure
|
Open brochure |
Find out if the Teton Bonus 7 with Elevation Plus (Most States) is the right product for you.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 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 Barclays Atlas 5 Boost Spread |
Boost
Annual
|
2%
Spread
|
| 1-Year Fixed Account |
Fixed
|
2.75%
Fixed
|
| 1-Year Nasdaq Generations 5 PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 1-Year S&P 500 RavenPack AI PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
| 1-Year S&P 500 Duo Swift PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year S&P 500 PTP Monthly Average Participation Rate |
Point to Point
Annual
Monthly average
|
75%
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
|
42%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 1-Year Barclays Atlas 5 PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 12% | 12% | 11% | 10% | 9% | 7% | 4% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Elevation Plus Rider | Yes |
Ready to Protect Your Financial Future?
Request a free quote or talk to our financial expert to get help