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Fixed Indexed Annuity

WealthChoice 5

Guaranty Income Life

10.25%

Best Cap

10%

Free W/D

47

Jurisdictions

Product data status: May 29, 2026

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.

Live product data

Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual point-to-point cap

10.25% cap on S&P 500

A five-year fixed indexed annuity from Guaranty Income Life Insurance Company built around an S&P 500 annual point-to-point cap with a bailout-cap renewal protection, an annual free-withdrawal allowance, and three contractual surrender waivers.

1-year termAdvisorWorld + CANNEX data

Best fit

Buyers who want indexed-crediting upside with downside-protected principal across a relatively short five-year FIA horizon, value the S&P 500 cap-with-bailout renewal-protection mechanic, and prefer an accumulation-focused contract whose surrender period matches the shortest term in the WealthChoice family.

AM Best

A- Excellent

Surrender period

5 years

Free withdrawal

10%/yr

Availability

47 jurisdictions

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

2.5% cap rate

S&P 500

S&P 500 Index

10.25% cap rate

S&P 500

S&P 500 Index

100% participation rate + 7% declared rate

S&P 500

S&P 500 Index

45% participation rate

Fixed Account

Fixed Account

5% declared rate

+ 3 volatility-controlled index options (Horizon Ascend, S&P 500, Barclays Global)

Product analyst notes

How to think about this contract

Why it can stand out

  • The S&P 500 annual point-to-point strategy ships with a bailout-cap feature — if the carrier ever renews the cap below the contractual bailout level, the holder can surrender that strategy without paying the standard surrender charge. That is an unusually buyer-friendly renewal-protection mechanic for an FIA strategy.
  • Five-year surrender schedule that matches the product name — the shortest commitment in the WealthChoice family, ending in the same year the indexed-strategy term renewals settle into their long-run pattern, so a buyer who wants a relatively short FIA horizon gets that without giving up the indexed-crediting design.
  • Annual free-withdrawal allowance plus a full set of three contractual waivers — nursing-home, terminal-illness, and RMD — published on the live feed rather than gated behind a sales brochure, so a buyer who needs unplanned partial access in a qualifying scenario has a clear contractual path.
  • Strategy menu includes a fixed-account option, an annual point-to-point S&P 500 cap, an S&P 500 annual trigger, an S&P 500 monthly-sum cap, a multi-year cap on a volatility-controlled index, and participation-rate strategies on two volatility-controlled indexes — so the contract supports rebalancing across multiple crediting designs across renewal cycles.

What to confirm

  • This is an accumulation-only filing — the live feed publishes no optional guaranteed-lifetime-withdrawal rider and no built-in Protected Income Value, so a buyer looking for contractual lifetime income from this contract will not find it on this filing. WealthChoice is sold as an accumulation product, not an income product.
  • The headline cap on the S&P 500 annual point-to-point strategy is not the only number on this contract — there are also a multi-year cap, a monthly-sum cap, and several participation-rate strategies on proprietary volatility-controlled indexes. Those publish very differently shaped numbers and are not directly comparable to a one-year S&P 500 cap, so the headline is the right single-number compare but not the whole story.
  • First-year surrender charge starts in the high single digits and steps down by year over five years — meaningful enough that an unplanned exit beyond the annual free-withdrawal allowance in the first few years carries a real cost. This is a five-year commitment, not a short-term cash equivalent.
  • Carrier financial-strength coverage on the live feed is single-source — A.M. Best only — rather than the multi-agency view some larger competitors publish, so the rating read should be weighed for what it is before locking principal for the five-year surrender period.

Not ideal for

Buyers who want contractual lifetime income (no optional GLWB rider and no Protected Income Value on this filing), short-window liquidity, a multi-source financial-strength view from the carrier, or a longer indexed-crediting commitment with the surrender mechanics that come with it — those buyers belong on a different filing.

All crediting strategies

View rate listings (16 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 1000% · 1-yr

Horizon Ascend 5% Index

participation

5-yr surrender

Par: 160% · 1-yr

Barclays Global Quality 5% Index

participation

5-yr surrender

Par: 100% + Fixed: 7% · 1-yr

S&P 500 Index

trigger

5-yr surrender

Par: 45% · 1-yr

S&P 500 Index

participation

5-yr surrender

Cap: 10.25% · 1-yr

S&P 500 Index

Cap with Bailout · cap

5-yr surrender

Fixed: 5% · 1-yr

Fixed Account

fixed

5-yr surrender

Cap: 2.5% · 1-yr

S&P 500 Index

monthly_sum_cap

5-yr surrender

Cap: 12.75% · 5-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

cap

5-yr surrender

Par: 1000% · 1-yr

Horizon Ascend 5% Index

Par: 160% · 1-yr

Barclays Global Quality 5% Index

Par: 100% + Fixed: 7% · 1-yr

S&P 500 Index

Par: 45% · 1-yr

S&P 500 Index

Cap: 10.25% · 1-yr

S&P 500 Index

Cap with Bailout

Fixed: 5% · 1-yr

Fixed Account

Cap: 2.5% · 1-yr

S&P 500 Index

Cap: 12.75% · 5-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

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

Accumulation Value Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 0.10%

Strategy guarantee

Minimum guaranteed declared rate: 1.00%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 2.95%

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%

Yr 3

7%

Yr 4

6%

Yr 5

5%

After

0%

Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers

Documents

brochure

WC-30 GI Consumer Guide.pdf

Confidence: highReviewed Apr 7, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA-

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

WealthChoice 5 currently shows 8 distinct indexed or fixed crediting choices across 16 current rate listings, including S&P 500 Index, with 2 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 2.5% cap
  • S&P 500 Index: 10.25% cap
  • S&P 500 Index: 100% participation

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
  • 5 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 WC-30 GI Consumer Guide.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 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

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