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 Marquis® SP 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 July 13, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$314,891
Est. value at age 80 (Marquis® SP)
8.25%
Best S&P 500 1-yr point-to-point cap
S&P 500 Index — 11.25% Monthly cap (Monthly Avg Cap)
✦
How crediting works: the monthly cap limits each positive monthly index return before monthly returns are summed; a down year credits 0%, never a loss. A monthly cap strategy uses month-by-month index changes rather than a single annual point-to-point return. What is a cap vs participation? →
Assumptions: illustrative — applies Marquis® SP's published monthly cap (11.25% on S&P 500 Index) to a standard benchmark hypothetical monthly index path. Positive monthly returns are capped month by month, negative monthly returns are included in the annual sum, and the final annual credit is floored at 0% over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of July 13, 2026.
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See how Marquis® SP compares for your age, state, premium, and income goals alongside other Lafayette Life fixed indexed annuity options.
Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Lafayette Life product.
Live product data
Rates as of July 13, 2026, based on the latest AdvisorWorld scan of CANNEX data.
GLWB lifetime withdrawal rate (10-yr deferral, age 60+ single life)
4.5% lifetime payout + 9% roll-up
A ten-year-surrender fixed indexed annuity from A-rated Lafayette Life (Western & Southern) built around the Marquis SP GLWB lifetime-withdrawal rider, with the same multi-crediting index menu as the carrier's Marquis Centennial accumulation sibling underneath.
0.95% annual rider feeAdvisorWorld + CANNEX data
Best fit
Buyers committing to a ten-year surrender who want lifetime income from a real, optional GLWB rider on joint life, value being able to choose between starting income now and deferring for a higher withdrawal rate, and don't need the rider to be RMD-friendly out of the box.
AM Best
A+ Superior
Surrender options
7 and 10 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Featured crediting strategies
Caps, participation rates, and declared rates are shown separately.
Index / strategyRate mechanicsCreditingSurrenderPremium
S&P 500
S&P 500 Index
8.25% cap rate
Annual cap
1-year term · 7-year surrender · Premium band not shown
1-year term
7-year surrender
Premium band not shown
S&P 500
S&P 500 Index
monthly avg cap
11.25% cap rate
Monthly cap
1-year term · 7-year surrender · Premium band not shown
1-year term
7-year surrender
Premium band not shown
S&P 500
S&P 500 Index
8.25% cap rate
Annual cap
1-year term · 10-year surrender · Premium band not shown
1-year term
10-year surrender
Premium band not shown
S&P 500
S&P 500 Index
monthly avg cap
11.25% cap rate
Monthly cap
1-year term · 10-year surrender · Premium band not shown
1-year term
10-year surrender
Premium band not shown
Fixed Account
Fixed Account
4.35% declared rate
Fixed account
1-year term · 7-year surrender · Premium band not shown
1-year term
7-year surrender
Premium band not shown
Fixed Account
Fixed Account
4.4% declared rate
Fixed account
1-year term · 10-year surrender · Premium band not shown
Lifetime income comes via a real optional GLWB rider (the Marquis SP GLWB) available on joint life and from issue ages as young as 45 — useful for a couple planning a deferred income start before the more common 60+ band.
The GLWB withdrawal rate steps up materially with deferral: an immediate-income election starts at a lower rate, while deferring ten years before turning on income lifts the rate, giving buyers a clear trade between income now and a higher rate later.
Same accumulation engine as the carrier's Marquis Centennial accumulation sibling — three crediting designs on the S&P 500 alone (annual cap, monthly average cap, monthly sum cap) plus 1/2/3-year participation ladders on the J.P. Morgan Strategic Balanced and GS Momentum Builder indexes — so the income base is supported by a flexible underlying growth menu, not just a fixed roll-up.
Carrier financial-strength is rated by two independent agencies (A.M. Best and S&P), so the strength view is not a single-source read.
What to confirm
The GLWB rider carries an explicit annual fee, and the live feed shows it offered at two fee tiers, charged against the contract — effective cost can compound over a multi-year deferral, so model the rider through the planned income horizon before committing.
The Marquis SP GLWB is flagged not RMD-friendly in the live feed — buyers using this for qualified retirement money should confirm with the carrier how rider income interacts with required minimum distributions before purchase.
The ten-year surrender term is at the long end of the FIA market, with a high first-year surrender charge — early exit forfeits a meaningful portion of premium even though the GLWB is the contract's main draw. The income story only pays off if the buyer can hold through the surrender window.
There is no premium bonus and no death-benefit roll-up on this contract — the GLWB income base is built solely by the index/fixed-account interest crediting, not by a guaranteed roll-up. Buyers expecting a rider-driven income-base step-up should evaluate that separately. New York buyers should note that this filing is not available in NY.
Not ideal for
Buyers who need short-surrender liquidity, an RMD-friendly income rider, a rider-fee-free income mechanism (a Protected Income Value chassis), a premium bonus that lifts the income base on day one, or a plain accumulation FIA without rider fees — none of those are what this contract is built to deliver. Also not available to New York residents on this filing.
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See how Marquis® SP compares for your age, state, premium, and income goals alongside other Lafayette Life fixed indexed annuity options.
“Offers a balanced mix of accumulation potential and lifetime income support, supported by diverse indexing strategies and a GLWB rider that enhances retirement cash flow visibility. However, relatively higher surrender charges may constrain flexibility compared to alternatives in the market.”
A negative index return by itself does not reduce the contract's account value: Marquis® SP credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. 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 Marquis® SP GLWB 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 9% roll-up and 4.5% 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 10 years; after that you reach full liquidity. The Liquidity tab of the analyzer shows the year-by-year surrender charge.
● How do Marquis® SP's crediting strategies compare?
Use "Compare against" in the analyzer to overlay another current Marquis® SP strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.
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
Standard Death Benefit
Beneficiary value depends on contract terms, withdrawals, and rider elections.
Cap-rate floor
1.00%
Minimum guaranteed cap for cap-based indexed strategies.
Fixed account guarantee
2.50%
Guaranteed minimum interest rate for the fixed account.
Participation-rate floor
10.00%
Minimum guaranteed participation rate for participation-rate indexed strategies.
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
8.5%
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, RMD waiver, Terminal illness waiver, Surrender waivers
Documents
product guide
The Lafayette Life Insurance Company.pdf
Confidence: highReviewed Apr 15, 2026
Direct link not published — request the document from the carrier.
Carrier Ratings
AM BestA+
S&PAA
S&PAA-
Contract notes from product data
Crediting design
How the interest-crediting choices are framed
Marquis® SP currently shows 14 distinct indexed or fixed crediting choices across 18 current rate listings, including S&P 500 Index and Fixed Account, with 10 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.
S&P 500 Index: 8.25% annual cap
S&P 500 Index: 11.25% monthly cap
Fixed Account: 4.35% fixed account rate
Fixed Account: 4.4% fixed account rate
Income rider language
What to look for before treating the rider as income
Marquis® SP GLWB 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.
4.5% 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
10 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 The Lafayette Life Insurance Company.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
Get a Marquis® SP rate report
See how Marquis® SP compares for your age, state, premium, and income goals alongside other Lafayette Life fixed indexed annuity options.