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Fixed Indexed Annuity

WealthChoice 7

Guaranty Income Life

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10.5%

Best Cap

10%

Free W/D

47

Jurisdictions

Product data status: June 26, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what WealthChoice 7 would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of June 26, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$314,889
Est. value at age 80 (WealthChoice 7)
0%
Floor — index losses never reduce value
WealthChoice 7
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies WealthChoice 7's published cap rate (13% on S&P 500 Dynamic Intraday TCA Index (USD) ER) to a hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of June 26, 2026.

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Get a WealthChoice 7 rate report

See how WealthChoice 7 compares for your age, state, premium, and income goals alongside other Guaranty Income Life fixed indexed annuity options.

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Live rate data

Run live numbers for WealthChoice 7

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Guaranty Income Life product.

Live product data

Rates as of June 26, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual point-to-point cap

10.5% cap on S&P 500

A seven-year fixed indexed annuity from Guaranty Income Life Insurance Company built around an S&P 500 annual point-to-point cap with a bailout-cap renewal protection, an annual free-withdrawal allowance, and three contractual surrender waivers.

1-year termAdvisorWorld + CANNEX data

Best fit

Buyers who want indexed-crediting upside with downside-protected principal across a middle-of-the-road seven-year FIA horizon, value the S&P 500 cap-with-bailout renewal-protection mechanic, and accept a longer surrender lock-up than the five-year sibling in exchange for a higher headline cap on the live feed.

AM Best

A- Excellent

Surrender period

7 years

Free withdrawal

10%/yr

Availability

47 jurisdictions

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

2.5% cap rate

1-year term · 7-year surrender · Premium band not shown

S&P 500

S&P 500 Index

10.5% cap rate

1-year term · 7-year surrender · Premium band not shown

S&P 500

S&P 500 Index

7.1% trigger rate

1-year term · 7-year surrender · Premium band not shown

S&P 500

S&P 500 Index

45% participation rate

1-year term · 7-year surrender · Premium band not shown

Fixed Account

Fixed Account

5% declared rate

1-year term · 7-year surrender · Premium band not shown

+ 3 additional crediting options (Horizon Ascend, Barclays Global, S&P 500)
View rate listings (8 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 1000% · 1-yr

Horizon Ascend 5% Index

participation

7-yr surrender

Par: 165% · 1-yr

Barclays Global Quality 5% Index

participation

7-yr surrender

Par: 45% · 1-yr

S&P 500 Index

participation

7-yr surrender

Cap: 10.5% · 1-yr

S&P 500 Index

Cap with Bailout · cap

7-yr surrender

Trigger: 7.1% · 1-yr

S&P 500 Index

trigger

7-yr surrender

Fixed: 5% · 1-yr

Fixed Account

fixed

7-yr surrender

Cap: 2.5% · 1-yr

S&P 500 Index

monthly_sum_cap

7-yr surrender

Cap: 13% · 7-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

cap

7-yr surrender

Lifetime Income Riders

Income rider

Guaranteed Living Benefit Rider (GLBR) -

Lifetime payout rate6.3% lifetime payout
Annual rider fee0.95% annual rider fee

Income rider

Guaranteed Living Benefit Rider (GLBR) - Increasing

Lifetime payout rate4.1% lifetime payout
Annual rider fee0.95% annual rider fee

Product analyst notes

How to think about this contract

Why it can stand out

  • The S&P 500 annual point-to-point strategy ships with a bailout-cap feature — if the carrier ever renews the cap below the contractual bailout level, the holder can surrender that strategy without paying the standard surrender charge. That is an unusually buyer-friendly renewal-protection mechanic for an FIA strategy.
  • Seven-year surrender schedule that matches the product name — middle term in the WealthChoice family, with a meaningfully higher headline cap on the S&P 500 annual point-to-point strategy than the five-year sibling on the live feed, which is the carrier's normal trade-off for accepting a longer surrender lock-in.
  • Annual free-withdrawal allowance plus a full set of three contractual waivers — nursing-home, terminal-illness, and RMD — published on the live feed rather than gated behind a sales brochure, so a buyer who needs unplanned partial access in a qualifying scenario has a clear contractual path.
  • Strategy menu includes a fixed-account option, an annual point-to-point S&P 500 cap, an S&P 500 annual trigger, an S&P 500 monthly-sum cap, a multi-year cap on a volatility-controlled index, and participation-rate strategies on two volatility-controlled indexes — so the contract supports rebalancing across multiple crediting designs across renewal cycles.

What to confirm

  • This is an accumulation-only filing — the live feed publishes no optional guaranteed-lifetime-withdrawal rider and no built-in Protected Income Value, so a buyer looking for contractual lifetime income from this contract will not find it on this filing. WealthChoice is sold as an accumulation product, not an income product.
  • Surrender schedule runs a full seven years and starts at a high single-digit charge in year one before stepping down — an unplanned exit beyond the annual free-withdrawal allowance in the early years carries a meaningful cost, and the surrender window outlasts the lock-up window on the five-year sibling by two years.
  • The headline cap on the S&P 500 annual point-to-point strategy is not the only number on this contract — there are also a multi-year cap, a monthly-sum cap, and several participation-rate strategies on proprietary volatility-controlled indexes. Those publish very differently shaped numbers and are not directly comparable to a one-year S&P 500 cap, so the headline is the right single-number compare but not the whole story.
  • Carrier financial-strength coverage on the live feed is single-source — A.M. Best only — rather than the multi-agency view some larger competitors publish, so the rating read should be weighed for what it is before locking principal for the seven-year surrender period.

Not ideal for

Buyers who want contractual lifetime income (no optional GLWB rider and no Protected Income Value on this filing), short-window liquidity, a multi-source financial-strength view from the carrier, or a shorter surrender window — the five-year sibling exists for buyers who want a shorter lock-up at the cost of a lower headline cap.

Free Comparison Report

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See how WealthChoice 7 compares for your age, state, premium, and income goals alongside other Guaranty Income Life fixed indexed annuity options.

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All crediting strategies

View rate listings (8 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 1000% · 1-yr

Horizon Ascend 5% Index

participation

7-yr surrender

Par: 165% · 1-yr

Barclays Global Quality 5% Index

participation

7-yr surrender

Par: 45% · 1-yr

S&P 500 Index

participation

7-yr surrender

Cap: 10.5% · 1-yr

S&P 500 Index

Cap with Bailout · cap

7-yr surrender

Trigger: 7.1% · 1-yr

S&P 500 Index

trigger

7-yr surrender

Fixed: 5% · 1-yr

Fixed Account

fixed

7-yr surrender

Cap: 2.5% · 1-yr

S&P 500 Index

monthly_sum_cap

7-yr surrender

Cap: 13% · 7-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

cap

7-yr surrender

Income riders

Income rider

Guaranteed Living Benefit Rider (GLBR) - Level

Lifetime withdrawal rate6.3%
Annual rider fee0.95%
Withdrawal-base growthNot shown

GLWB

Income rider

Guaranteed Living Benefit Rider (GLBR) - Increasing

Lifetime withdrawal rate4.1%
Annual rider fee0.95%
Withdrawal-base growthNot shown

GLWB

Common questions about WealthChoice 7

● Can I lose money in WealthChoice 7?

In a year the index falls, WealthChoice 7 credits 0% — the floor — so your account value does not drop from market losses. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● Is the Guaranteed Living Benefit Rider (GLBR) - Level income rider worth the 0.95% fee?

It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the 6.3% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The surrender period runs 7 years; after that you reach full liquidity. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How does WealthChoice 7 compare to other FIAs?

Use "Compare against" in the analyzer to overlay WealthChoice 7 with a competing product on the same growth path and see a side-by-side spec row. The better fit depends on your goal — accumulation, income, or liquidity — and the comparison shows where each product leads.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

3

Nursing home waiver, RMD waiver, Terminal illness waiver

Death benefit

Accumulation Value Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 0.10%

Strategy guarantee

Minimum guaranteed declared rate: 1.00%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 2.95%

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

8%

Yr 3

7%

Yr 4

6%

Yr 5

5%

Yr 6

4%

Yr 7

3%

After

0%

Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers

Documents

brochure

WealthChoice 7 brochure pdf.pdf

Confidence: highReviewed Apr 14, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA-

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

WealthChoice 7 currently shows 8 indexed or fixed crediting options, including S&P 500 Index, with 2 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 2.5% cap
  • S&P 500 Index: 10.5% cap
  • S&P 500 Index: 100% participation

Income rider language

What to look for before treating the rider as income

Guaranteed Living Benefit Rider (GLBR) - Level is the main income-rider entry returned for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

  • 6.3% withdrawal rate
  • 0.95% rider fee

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 7 surrender years
  • Nursing home waiver
  • RMD waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as WealthChoice 7 brochure pdf.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

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See how WealthChoice 7 compares for your age, state, premium, and income goals alongside other Guaranty Income Life fixed indexed annuity options.

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