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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%
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Orbiter Growth 7 with Premium Bonus

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Highlights

Orbiter Growth Annuity is a single premium fixed indexed annuity product designed for clients who are: 
  • At or nearing retirement 
  • Concerned about market losses and sudden swings 
  • Looking for a growth opportunity higher than CDs and other fixed investments on the assets they can’t afford to lose 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Type
 Fixed Index
Purpose Accumulation
Premium Bonus
 5%
Term
 7 Years
Surrender schedule
 9%8%7%6%5%4%3%
Free withdrawal
 1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
 09/15/2023
Minimum contribution
 $25,000
Maximum contribution
 $1,500,000
Max Age Qualified
 80
Types of funds
 Non-Qualified, 401k, Profit Sharing, IRA, Pension, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, and 457 plan
Brochure
 Open brochure

Find out if the Orbiter Growth 7 with Premium Bonus is the right product for you.

Premium Notes

Annual Contract Fee
None.  

Withdrawal Provisions

Free Withdrawal amount
Beginning in the second contract year, 10% of the beginning Index Year Contract Value may be withdrawn without incurring any surrender charges or MVA.  

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.35% Fixed
1-Year Russell 2000 PTP Monthly Average Participation Rate with Cap
Point to Point
Annual
Monthly average
100% Participation
6.75% Cap
1-Year Barclays Global Trailblazer PTP Participation Rate
Point to Point
Annual
95% Participation
3-Year Barclays Global Trailblazer PTP Participation Rate
Point to Point
Triennial
115% Participation
1-Year S&P 500 PTP Higher Cap with 50% Participation Rate
Point to Point
Annual
50% Participation
11.5% Cap
1-Year S&P 500 PTP Cap with 100% Participation Rate
Point to Point
Annual
100% Participation
8.2% Cap
1-Year Fixed Account
Fixed
4.1% Fixed
1-Year Russell 2000 PTP Monthly Average Participation Rate with Cap
Point to Point
Annual
Monthly average
100% Participation
8.25% Cap
1-Year Barclays Global Trailblazer PTP Participation Rate
Point to Point
Annual
110% Participation
3-Year Barclays Global Trailblazer PTP Participation Rate
Point to Point
Triennial
135% Participation
1-Year S&P 500 PTP Higher Cap with 50% Participation Rate
Point to Point
Annual
50% Participation
13.75% Cap
1-Year S&P 500 PTP Cap with 100% Participation Rate
Point to Point
Annual
100% Participation
9.2% Cap

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 7% 6% 5% 4% 3%

Riders

No Riders for Orbiter Growth 7 with Premium Bonus annuity.

Waivers

Death

Surrender charges do not apply as a result of the death of the Annuitant.

Nursing Home

Unavailable in states: CA

If the Annuitant is confined to a Hospital or Nursing Facility for at least 30 consecutive days, Partial withdrawals may be taken to help pay for expenses without incurring any surrender charges or MVA. Availability of the Nursing Home Waiver may vary by state and/or issue age. The nursing home waiver does not include home health care.

Annuitization

Surrender charges do not apply under certain annuitization scenarios.

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