Focused Growth Annuity
Standard
4.7%
Best Rate
50
States
The Focused Growth Annuity is a single premium deferred annuity that combines tax-deferred growth with principal protection through guaranteed interest rates. It's designed for long-term savers who want safety and tax savings as part of their retirement strategy.
Available In
50 states
Min Premium
$15,000
Surrender
10 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.3% |
| 5-Year | 4.7% |
| 7-Year | 4.7% |
| 10-Year | 4.4% |
Key Features
Rate Guarantee Periods
3, 5, 7, or 10 yearsChoose from multiple guaranteed interest rate periods that automatically renew
Surrender-Charge Free Withdrawals
First 30 days of each subsequent surrender-charge periodWithdraw funds without penalties during a designated window each period
Initial Premium Range
$15,000 to $1,000,000Flexible investment amount to suit various retirement savings goals
Rate Lock
45 daysLock in your interest rate before finalizing your contract
Market Value Adjustment
IncludedAdjustment mechanism applied to withdrawals outside the free withdrawal period
Issue Age Limits
FGA 3/5: age 93, FGA 7: age 90, FGA 10: age 80Maximum age at which you can purchase each product variant
Waivers
Terminal conditions and nursing home residency (after year 1)Penalty-free withdrawals available under specific hardship conditions
Highlights
Tax-deferred growth with multiple guarantee period options (3, 5, 7, or 10 years)
Penalty-free withdrawals during the first 30 days of each surrender-charge period
Market value adjustment feature provides flexibility while protecting the insurance company from rate risk
Automatic renewal of rate guarantees at the end of each period with no action required
Surrender Schedule
Yr 1
9.4%
Yr 2
8.5%
Yr 3
7.5%
Yr 4
6.5%
Yr 5
5.5%
Yr 6
4.5%
Yr 7
3.5%
Yr 8
2.5%
Yr 9
1.5%
Yr 10
0.5%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Long-term savers who want tax-deferred growth with principal protection and are willing to lock up funds for 3-10 years.
Consider Alternatives If
Those seeking short-term investments or who may need quick access to their funds, as surrender charges apply during the guarantee period.
Carrier Ratings
Free Comparison Report
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