Marquis® SP
Lafayette Life
7.25%
Best Cap
10%
Free W/D
50
States
Marquis SP is a single-premium fixed indexed annuity issued by Lafayette Life that provides upside growth potential through market-indexed crediting options while protecting against market downside with a 0% floor guarantee. It's designed for retirees and near-retirees seeking a balance between growth opportunity and income security.
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
Indexed Interest Options
0% guaranteed floor; interest rate caps start at minimum 1%Two S&P 500® Index options (one-year point-to-point and monthly average) and six multi-asset class index options with volatility control
Fixed Interest Option
Rate guaranteed for one index yearGuaranteed fixed rate declared annually with no market risk exposure
Guaranteed Lifetime Withdrawal Benefit (GLWB)
0.95% annual charge; 90% LPA for spousal versionOptional rider providing guaranteed withdrawals for life regardless of account value, available for ages 45-80
Partial Withdrawals
$250 minimum; indexed option amounts receive no interest if withdrawn before crediting period endsUp to 10% of beginning-of-year account value withdrawable annually without surrender charges
Withdrawal Charge Schedule
7-year: 9% declining to 0% by year 7; 10-year: 9% declining to 0% by year 10Declining surrender charges over 7 or 10-year periods that decrease to zero by year 7-10
Guaranteed Minimum Account Value (GMAV)
107% of enhanced premium (7-year) or 110% (10-year)At end of withdrawal charge period, account value boosted to minimum guaranteed amount if market performance falls short
Death Benefit
Automatic; no additional costBeneficiary receives greater of account value or nonforfeiture value with no surrender charges applied
Tax Deferral
No annual tax liability on credited interestAll interest credited grows tax-deferred; taxes due only upon withdrawal or distribution
Flexible Reallocation
New participation rates and caps declared for each new periodMove funds among all nine options at end of each crediting period or index year with no transfer charges
Highlights
Nine flexible interest crediting options including S&P 500® indexed choices and proprietary multi-asset class indexes with no downside risk (0% floor)
Guaranteed Lifetime Withdrawal Benefit (GLWB) rider available for guaranteed income for life while maintaining growth potential
Choice of 7- or 10-year withdrawal charge periods with declining surrender charges and guaranteed minimum account value enhancement (107%-110%)
Tax-deferred growth with ability to reallocate among options at crediting period ends with no transfer fees
Guaranteed death benefit and multiple free withdrawal provisions for life expectancy, confinement, RMDs, and annuitization
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
Pre-retirees and retirees age 45-85 seeking predictable income in retirement while maintaining growth potential, particularly those concerned about market volatility and wanting guarantees backed by insurance company strength.
Consider Alternatives If
Those needing immediate access to their full principal without penalty or investors who want direct equity market exposure and can tolerate significant downside risk.
Carrier Ratings
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From the AdvisorWorld.com Community