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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.30%
7-Year
6.00%
10-Year
5.80%

WealthChoice 5

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Highlights

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
Type
Fixed Index
Purpose Accumulation
Term
5 Years
Surrender schedule
9%8%7%6%5%
Free withdrawal
10%
Market value adjustment
Return of premium
Launch date
05/01/2020
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
Brochure
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Find out if the WealthChoice 5 is the right product for you.

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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 Withdrawals
10% 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 72 is always available without a surrender charge penalty, even if the amount is greater than your free annual withdrawal amount. 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
5.25% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
11.65% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
3.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
50% Participation
1-Year Horizon Ascend 5% PTP Participation Rate
Point to Point
Annual
155% Participation
1-Year Barclays Global Quality PTP Participation Rate
Point to Point
Annual
180% Participation

Surrender schedule

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

Riders

No Riders for WealthChoice 5 annuity.

Waivers

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.

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