Marquis® SP
Lafayette Life
7.25%
Best Cap
10%
Free W/D
50
States
Marquis SP is a single-premium fixed indexed annuity designed for retirees and near-retirees seeking growth potential tied to market indexes with downside protection and guaranteed lifetime income options.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$1,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| GS Momentum Builder Multi-Asset Class | 2-Year | -- | 190% | -- |
| GS Momentum Builder Multi-Asset Class | 3Y | -- | 250% | -- |
| GS Momentum Builder Multi-Asset Class | Annual | -- | 130% | -- |
| J.P. Morgan Strategic Balanced Index | 2-Year | -- | 152% | -- |
| J.P. Morgan Strategic Balanced Index | 3Y | -- | 185% | -- |
| J.P. Morgan Strategic Balanced Index | Annual | -- | 110% | -- |
| S&P 500 Index | Annual | 7.25% | 100% | -- |
| S&P 500 Index | Monthly | 8% | 100% | -- |
| Fixed Account | Daily | -- | -- | 3.85% |
Key Features
Nine Interest Crediting Options
Flexibility to match personal risk toleranceTwo S&P 500 indexed options, six proprietary multi-asset index options, and one fixed rate option allowing customized allocation
Downside Protection
0% minimum guaranteed rateGuaranteed interest rate never less than 0% on indexed options, preventing losses from negative market performance
Free Annual Withdrawals
10% annual free withdrawal (minimum $250)Access up to 10% of beginning-of-year account value annually without surrender charges
Declining Surrender Charges
9% Year 1 declining to 0% by Year 7 or 11Choose 7-year or 10-year charge period with rates declining annually; charges waived for RMDs, nursing home confinement, or limited life expectancy
Guaranteed Minimum Account Value
107-110% guaranteed minimumAt end of withdrawal charge period, account is enhanced to 107% (7-year) or 110% (10-year) of adjusted premium
Guaranteed Lifetime Withdrawal Benefit Rider
0.95% annual charge (1.50% maximum)Optional rider providing guaranteed annual withdrawals for life regardless of account performance, available at issue for ages 45-80
Lifetime Income Guarantee
Payments guaranteed for lifetimeAnnuitize contract anytime after Year 2 (Year 1 in Florida) to lock in scheduled payments for life with minimum 10-year guarantee period
Spousal Income Options
Dual-life income protection availableIncome guarantees can cover both spouses with joint life options, ensuring surviving spouse receives continued income
Highlights
Nine flexible interest crediting options combining indexed and fixed rate strategies to balance growth potential with downside protection
Guaranteed minimum 0% interest on indexed options even when markets decline, protecting accumulated value from losses
Lifetime income guarantees through annuitization or optional Guaranteed Lifetime Withdrawal Benefit rider for retirement security
Tax-deferred growth with no taxes on credited interest until withdrawal, potentially creating significant long-term advantages
Guaranteed Minimum Account Value benefit that protects principal with 107% or 110% enhancement at end of withdrawal charge period
Surrender Schedule
Yr 1
9%
Yr 2
9%
Yr 3
8%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
Yr 8
3%
Yr 9
2%
Yr 10
1%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees and near-retirees age 45-85 with medium-to-large lump sums ($15,000+) who want growth potential with downside protection and guaranteed lifetime income.
Consider Alternatives If
Investors needing frequent liquidity, those in low tax brackets where tax deferral provides minimal benefit, or anyone uncomfortable with multi-year surrender charge periods.
Carrier Ratings
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