United Life Insurance Company
4.4
based on complex data
Annuity Educator Rating
Annuity review

WealthChoice 5

The WealthChoice 5 Annuity is a dream product for retirees prioritizing peace of mind. It guarantees a robust income stream for your hard-earned nest egg, ensuring a worry-free retirement.

With excellent rates and the security of knowing you won't outlive your savings, the WealthChoice 5 Annuity is a reassuring lifeline for the future.

WealthChoice 5-brochure WealthChoice 5-brochure

WealthChoice 5

Your Email

Compare this annuity with 800+ others from 100+ companies

$

No agent will call you

About Product

Type
Fixed Index
Purpose
Accumulation
Term
5 Years
Surrender schedule
9%
8%
7%
6%
5%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
Yes
Minimum Contribution
$20,000
Maximum Contribution
$1,000,000
Max Age Qualified
90
Types Of Funds
Non-Qualified, 401k, IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, IRA-Roth, SIMPLE IRA, 457 plan, 1035 Exchange, and TSP
Launch Date
05/01/2020
As a Fixed Indexed Annuity, WealthChoice offers you many financial perks. 
  • Diversified Savings Tool. You have competitive alternatives designed to perform well in different financial environments with a variety of interest rates. 
  • Tax-Deferred Compounding. The growth power of an annuity may increase significantly throughout the life of your contract. 
  • Protection from Declines. If indexes do decrease, your WealthChoice annuity will not be affected, because our guarantees will mitigate that risk. 
Available in states: AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3% Fixed
1-Year S&P 500 PTP Cap with Bailout
Point to Point
Annual
10% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year Horizon Ascend 5% PTP Participation Rate
Point to Point
Annual
145% Participation
1-Year Barclays Global Quality PTP Participation Rate
Point to Point
Annual
160% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Cap
Point to Point
Annual
12.75% Cap
1-Year S&P 500 Performance Trigger
Performance Triggered
Annual
6.5% Performance triggered

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
See if this annuity ranks in your top 3 for Virginia
$
!

Riders

No Riders for WealthChoice 5 annuity.

Waivers

Bail-Out

If the next declared cap rate for the Annual Point-to-Point Cap crediting strategy falls below the bailout rate during the surrender charge period, the surrender charges and Market Value Adjustment are waived for the total Account Value for a 30-day window.

Nursing Home

Charges waived due to diagnosis of terminal illness and/or confinement to nursing home after contract is issued. The nursing home waiver does not include home health care.

Terminal Illness

A health condition or injury experienced, which to a reasonable degree of medical certainty, confirmed by a Physician, will result in that person’s death within one year.

Confinement

Receiving continuous care for at least 30 days from a hospital or long-term care facility.

Premium Notes

Additional premium allowed in first year only to fixed account, which may be reallocated at the next anniversary. Minimum additional premium is $5,000.

Note: TSP funds have to be rolled into an IRA.

Withdrawal Provisions

Free Partial Withdrawals10% of the prior anniversary’s Accumulation Value is available free of surrender charge and MVA, applies in all years. During the first year, it is 10% of the initial premium. Systematic Withdrawals Depending on your withdrawal preference, you can elect to be paid on an annual, semi-annual, quarterly or monthly basis. Required Minimum Distributions The amount that the IRS requires you to withdraw annually after age 73 is always available without a surrender charge penalty, even if the amount is greater than your free annual withdrawal amount. 

Company Founded: 1962
Excellent Rated Company
United Life Insurance Company
Company Ratings
4.1
  • A.M. Best A-
  • Comdex 59
Assets: $5,045,179,622
Iowa

Similar Products

MNL IndexBuilder 10 High Band (OR Only) with ABR
MNL IndexBuilder 10 High Band (OR Only) with ABR
A+ 5.75%
Fixed Rate
2.40%
Term
10yrs
Market Protector 7
Market Protector 7
A 8.15%
Fixed Rate
4.45%
Term
7yrs
Zenith Income 7 with Split Bonus
Zenith Income 7 with Split Bonus
A+ 13.50%
Fixed Rate
3.40%
Term
7yrs
James Alden Experienced Annuity Educator
25 years experience
3,712 career consultations
4 slots free for today
scheduling.
Your Name
Your Phone
Thank you for your trust! I have received your contact information. Please wait for a call within 30 minutes. 😌