WealthChoice 5
Guaranty Income Life
12.75%
Best Cap
10%
Free W/D
47
States
WealthChoice is a fixed indexed annuity that lets you grow your retirement savings with upside potential tied to market indexes while protecting your principal from market losses. It's designed for people who want growth opportunities without market risk and the option to turn savings into guaranteed lifetime income.
Free Withdrawal
10%/yr
Available In
47 states
Min Premium
$20,000
Surrender
5 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Barclays Global Quality 5% Index | Annual | -- | 160% | -- |
| Horizon Ascend 5% Index | Annual | -- | 10% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | Annual | 12.75% | 100% | -- |
| S&P 500 Index | Annual | 10.25% | 100% | -- |
| S&P 500 Index | Monthly | 2.5% | 100% | -- |
| Fixed Account | Daily | -- | -- | 5% |
Key Features
Principal Protection
100% principal guaranteeYour initial premium and accumulated value are never reduced by market downturns. Index performance is used only to calculate interest credits, not direct investments.
Contract Terms
5, 7, or 10 yearsChoose between 5-, 7-, or 10-year commitment periods with different surrender charge schedules.
Indexed Interest Crediting
Fixed or indexed optionsEarn interest based on external market index performance using specific crediting methodologies, or choose a fixed rate option.
Free Annual Withdrawals
10% annual free withdrawalWithdraw up to 10% of your account value each year without surrender charges, starting year one.
Guaranteed Living Benefit Rider (GLBR)
0.95% annual costOptional income rider (0.95% annual cost) available on 7 and 10-year plans that provides lifetime withdrawals without regard to account balance, based on age and payment selection.
Premium Bonus
10-year plans only10-year plans only: earn a bonus on initial and early premiums (paid within first 90 days), applied to account value with no rider fee, though caps may be lower.
Return of Premium Guarantee
After year 5After year 5, your account is guaranteed to be worth at least your initial premium (adjusted for withdrawals), providing downside security.
Death Benefit Enhancement
110% enhancement on 5-year payouts5-year payout option death benefits receive a 110% multiplier before calculating periodic payments to beneficiaries.
Flexible Payout Options
Multiple annuity payout optionsChoose from 10-30 year periods, lifetime payouts, joint spousal income, or guaranteed periods combined with lifetime payments.
Investment Premium Range
$20,000 to $1,000,000Single premium from $20,000 to $1,000,000 with additional premiums up to $1,000,000 total allowed in year one (minimum $5,000 per addition).
Tax-Deferred Growth
Tax-deferred compoundingInterest compounds tax-free until withdrawal, allowing you to earn interest on interest on a tax-deferred basis.
Highlights
Earn market-linked growth with downside protection—your principal never loses value even when markets decline
Choose from 5, 7, or 10-year options with flexible income strategies and lifetime payout possibilities
Optional Premium Bonus on 10-year plans and Guaranteed Living Benefit Rider for lifetime income security
Free partial withdrawals up to 10% annually plus access to Required Minimum Distributions without surrender penalties
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Retirees and near-retirees who want to grow their savings with market participation while protecting principal from losses, and who value the option to convert savings into guaranteed lifetime income.
Consider Alternatives If
Investors who need immediate liquidity, cannot commit to a 5-10 year timeframe, or prefer direct stock market exposure and higher growth potential without safety guarantees.
Carrier Ratings
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