Gleaner Life Insurance Society's 10-year Strategic Advantage Indexed Annuity is designed for long-term planners who want the opportunity to participate in market gains — without direct market risk. You can allocate premiums to fixed and indexed accounts to maximize long-term growth. Linked to the S&P 500® Index (Click to read disclosure), the indexed portion features the potential for greater growth, while offering protection from market losses if the index performs poorly. The fixed account allocations feature competitive current interest rates, so both paths lead toward a financially confident retirement.
Product Features:
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Issue ages: 0-85
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Minimum initial premium: $1,000 or $100/month ACH
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Surrender charge period: 10 years; 9% in years one and two, decreasing by one percent each year until zero
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Penalty-free withdrawals: Withdraw up to 10% each certificate year without incurring a surrender charge starting in certificate year two
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Fixed account
- Interest rate bands
- $24,999.99 and below
- $25,000 and above
- Guaranteed minimum interest rate:1.00%
- Interest rate bands
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Indexed account
- Indexed option: S&P 500® Index
- Guaranteed minimum floor rate: 0.00%
- Participation rate bands
- $24,999.99 and below
- $25,000 and above
- Guaranteed minimum participation rate:15.00%
- Guaranteed maximum policy fee: 2.00%
