WealthChoice 7
United Life Insurance Company
13%
Best Cap
10%
Free W/D
47
States
WealthChoice is a fixed indexed annuity that combines growth opportunities through market-linked index accounts with guaranteed downside protection, designed for retirees seeking retirement income with peace of mind.
Free Withdrawal
10%/yr
Available In
47 states
Min Premium
$20,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Barclays Global Quality 5% Index | Annual | -- | 165% | -- |
| Horizon Ascend 5% Index | Annual | -- | 10% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | Annual | 13% | 100% | -- |
| S&P 500 Index | Annual | 10.5% | 100% | -- |
| S&P 500 Index | Monthly | 2.5% | 100% | -- |
| Fixed Account | Daily | -- | -- | 5% |
Key Features
Premium Range
$20,000 – $1,000,000 without approvalFlexible investment amounts to suit different financial situations
Surrender Charge Period
5 or 7 yearsTime period during which early withdrawals may incur charges, varies by product length
Free Annual Withdrawals
10% of prior year valueAccess funds penalty-free each year without affecting the contract
Return of Premium
Guaranteed from year 6 onwardAfter 5 years, full surrender returns at least your total premiums paid
Index Credit Options
See CR-0104 guide for detailsMultiple interest crediting methods tied to market index performance with guaranteed minimums
Death Benefit
110% multiplier availableGreater of contract value or account value paid to beneficiaries with 10% enhancement if period certain payout elected
Market Value Adjustment
Based on CMT rate at issue vs. withdrawalAdjustment during surrender period based on interest rate changes—can be positive or negative
Bailout Option
Capped rate protectionWalk away without surrender charges if S&P 500 cap is breached, regardless of your allocation
Highlights
Simple income features with no confusing phantom benefits or step-ups
Renewal rates designed for long-term sustainability, not just short-term competitiveness
10% annual free withdrawals plus Return of Premium after year 5
Optional income rider costs less than 1% annually
Downside protection: indexed accounts cannot lose money based on market performance
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
Best For
This product is best suited for market-savvy investors nearing or in retirement who want growth potential through index participation while maintaining principal protection and seek guaranteed lifetime income options.
Consider Alternatives If
This product is not suitable for investors who need immediate full liquidity, cannot tolerate surrender charge restrictions, or prefer traditional fixed or variable annuities without indexed account complexity.
Carrier Ratings
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