GILICO WealthChoice – Flexible Growth and Guaranteed Income You Can Count On
At Diversified Insurance Brokers, we specialize in annuity strategies that help clients grow and protect their retirement savings. The GILICO WealthChoice Fixed Indexed Annuity from Guaranty Income Life Insurance Company offers the ideal mix of growth potential, lifetime income, and liquidity—all with strong guarantees and flexible options.
If you’re looking for a product that adapts to your financial goals and timeline, WealthChoice provides a compelling solution for your retirement plan.
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Tailored Terms with Bonus Growth Potential
The WealthChoice annuity is available in 5-, 7-, or 10-year terms, giving you control over your planning horizon. The Premium Bonus Rider is available on the 10-year contract, giving your account value a strong boost from the start—especially valuable for those looking to maximize future income.
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Market Growth Without Market Risk
With multiple index crediting strategies, the WealthChoice annuity allows you to grow your money based on market performance—without taking on any downside risk. All strategies include a 0% floor, meaning your account won’t lose value due to negative market performance.
This gives you the opportunity for accumulation with the peace of mind that your principal is always protected.
Guaranteed Income That Lasts a Lifetime
The Guaranteed Living Benefit Rider (GLBR) ensures that you’ll have income for life—even if your account value is depleted. This rider can be used for both single and joint income, making it an excellent fit for couples who want to maintain financial stability throughout retirement.
Additional benefits include:
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Penalty-free withdrawals up to 10% annually, starting in year one
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Return of premium feature beginning in year five
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Terminal illness and nursing home confinement waivers
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Death benefit enhancements, including a 10% bonus for beneficiaries who elect a 5-year structured payout
These features make WealthChoice not only a strong growth annuity, but also a reliable income and legacy planning tool.
Backed by a Trusted Carrier
Guaranty Income Life Insurance Company (GILICO) has a longstanding reputation for financial strength and innovation. When you work with Diversified Insurance Brokers, we help you explore all options—including how the WealthChoice annuity can fit into your broader retirement strategy.
Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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Licensed in all 50 states • Fiduciary, family-owned since 1980
What is the GILICO WealthChoice annuity?
GILICO WealthChoice is a fixed-indexed annuity designed to offer principal protection, tax-deferred growth, and index-linked interest potential. It allows clients to participate in market-linked strategies without risking loss from market downturns.
How does WealthChoice earn interest?
Interest is credited based on the performance of selected market indexes using crediting methods such as participation rates, caps, or spreads. While interest potential varies, your principal remains protected from negative market performance.
Is my principal protected?
Yes. WealthChoice provides full principal protection, meaning your contract value cannot decrease due to market volatility. Even if the index performs negatively, credited interest will not be less than zero.
Does this annuity offer tax-deferred growth?
Yes. All interest earned grows tax-deferred, allowing your account to compound without current-year taxation until withdrawals begin.
What liquidity options are available?
Most versions of WealthChoice offer annual penalty-free withdrawals up to a certain percentage of the contract value, along with potential access in qualifying circumstances such as nursing home confinement or terminal illness.
Does WealthChoice offer income options?
Yes. You may convert the contract value into a stream of guaranteed income payments, either for life or a specified period. Optional features may also be available depending on the version of the product.
What happens to my beneficiaries when I pass away?
Your beneficiaries generally receive the remaining contract value as a death benefit, providing a straightforward way to transfer remaining assets without market risk.
Are there surrender charges?
Yes. Withdrawals above the penalty-free amount during the surrender charge period may incur surrender penalties. The duration and schedule depend on the specific contract design.
What are the main trade-offs?
Trade-offs may include limited liquidity, caps or limits on index-linked gains, and potentially lower performance compared to direct stock market investing during strong market periods.
Who is GILICO WealthChoice best suited for?
This annuity is well-suited for individuals seeking steady, protected growth, long-term retirement planning options, and supplemental income without direct exposure to market declines.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
