Market-Linked Growth With WealthLockSM Accumulator
Fixed index annuities can help protect retirement dreams by optimizing growth.
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— Product Details —
What are Your Clients’ Needs?
For clients who want an attractive rate of return that is tied to the market without the risks associated with direct investment in the market, consider the WealthLockSM Accumulator, a single premium deferred fixed index annuity from Aspida.
- 100% protection of their principal from market fluctuations.
- Tax-deferred growth which allows their contract value to grow faster when compared to taxable returns.
- Download this client-approved, three-step chart to demonstrate the power of tax deferral to your clients.
- Multiple crediting strategies to grow their premium, including fixed rate, cap rate, and participation rate strategies.
- Automatically lock in rising index values every quarter during the term with QuarterLockSM, available on the High Watermark Participation Rate Strategy2.
- Premium returns linked to indices from four leaders in the industry.
Premium*
Minimum: $25,000
Maximum: $1,000,000 maximum*
*A premium of more than $1,000,000 may be accepted with prior approval from Aspida.
Issue Age
18 - 90 (Non-Qualified & Qualified),
Maturity Age is 115
Key
Features
Waivers and Benefits
Penalty-Free Withdrawal, Nursing Home Waiver, Terminal Illness Waiver, Death Benefit
Plan Types
May be issued as Non-Qualified or Traditional or Roth IRAs. Accepts rollovers from qualified plans, 457 plans, IRAs, Simplified Employee Pension (SEP) plans, 403(b) plans, and SIMPLE IRAs.
**Not Available in: NY
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Protection Consulting
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1 WealthVest.(2022)“Fixed Index Annuities as an Asset Class”
2 The observation dates will go into effect when the strategy starts and repeats every quarter during the crediting strategy term, about 90 calendar days or 63 trading days.
Guarantees are backed by the claims-paying ability of Aspida Life Insurance Company (“Aspida”). Annuities are designed for long-term accumulation of money; surrender and withdrawal fees may apply on early withdrawals. Annuity withdrawals are subject to income tax and withdrawals prior to age 59½ may also be subject to an IRS penalty.
This piece provides a brief summary of product features. The contract associated with the product will contain the actual terms, definitions, limitations, and exclusions that apply. Product features and availability vary by state and are solely the responsibility of Aspida. WealthLockSM MYGA Plus 2, 3, 5, and 7 contract form series ICC22C-MYGA1012 and C-MYGA1012. Some exclusions and exceptions apply. Please refer to the contract for the actual terms and conditions that apply.
The statements and comments offered in this communication are provided as general information and ideas. They are not intended to be, nor should they be relied on as, investment, legal, tax advice or recommendations. Before making a decision or giving advice about any matter contained in this communication, agents or individuals should consult their own attorney, tax or investment advisor.