WealthChoice 10 with Premium Bonus
United Life Insurance Company
8%
Best Cap
10%
Free W/D
47
States
WealthChoice is a fixed indexed annuity that lets you earn interest linked to market index performance while protecting your principal from losses. It's designed for people nearing or in retirement who want growth potential with downside protection and tax-deferred accumulation.
Free Withdrawal
10%/yr
Available In
47 states
Min Premium
$20,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Barclays Global Quality 5% Index | Annual | -- | 125% | -- |
| Horizon Ascend 5% Index | Annual | -- | 10% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | Annual | 8% | 100% | -- |
| S&P 500 Index | Annual | 6.5% | 100% | -- |
| S&P 500 Index | Monthly | 2% | 100% | -- |
| Fixed Account | Daily | -- | -- | 5% |
Key Features
Principal Protection
100% guaranteedAccount value never decreases due to market downturns; losses on the underlying index do not impact your account.
Index-Linked Interest
Multiple index options availableEarn interest based on external market index performance through various crediting methodologies, or choose fixed interest rates.
Tax-Deferred Growth
Interest on interest compoundingInterest compounds without annual tax obligations until you withdraw earnings, maximizing accumulation potential.
Contract Terms
5, 7, or 10 yearsChoose between 5, 7, or 10-year commitment periods with optional premium bonus on the 10-year option.
Free Partial Withdrawals
10% annually penalty-freeWithdraw up to 10% of prior anniversary value annually without surrender penalties during the contract period.
Required Minimum Distributions
No penalty at age 73+IRS-required withdrawals after age 73 are always available penalty-free, even if exceeding your 10% free amount.
Return of Premium Guarantee
Guaranteed after year 5After year 5, the full surrender value will never be less than your initial premium (adjusted for withdrawals taken).
Death Benefit
100% to 110% benefitAccount value passes to beneficiaries. Spouse can assume ownership if sole primary beneficiary. 5-year payout gets 110% enhancement.
Flexible Payout Options
Multiple payout strategiesChoose from lifetime income, set number of years (10-30), joint payout for spouses, or guaranteed periods.
Systematic Withdrawals
Flexible frequencyReceive payments on annual, semi-annual, quarterly, or monthly schedule as needed.
Premium Range
$20,000–$1,000,000Invest between $20,000 and $1,000,000 initially, with additional premiums up to $1,000,000 total allowed in year one.
Highlights
Principal protection: Your money never loses value due to market downturns, even though you participate in index gains
Tax-deferred growth with compound interest earning on both principal and accumulated interest
Flexible access options including penalty-free withdrawals up to 10% annually and required minimum distributions
Optional lifetime income rider available on 7- and 10-year plans with spousal continuation benefits
Return of premium guarantee ensures you get back at least your initial investment after year 5
Surrender Schedule
Yr 1
10%
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, RMD waiver, Terminal illness waiver
Best For
Retirees or near-retirees who want growth potential tied to market performance but cannot tolerate principal loss, and who prefer tax-deferred compounding with flexibility to access funds and generate retirement income.
Consider Alternatives If
Investors who need frequent access to their full account value before the contract term ends, or those who require immediate liquidity without accepting surrender charges and market value adjustments.
Carrier Ratings
Free Comparison Report
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