Heritage Growth Advantage Plus Fixed Indexed Annuity
The Heritage Growth Advantage Plus Fixed Indexed Annuity is a single-premium, deferred annuity designed for individuals who want protected growth, predictable crediting structures, and an immediate premium bonus. Issued by Investors Heritage Life Insurance Company, this contract builds on traditional fixed indexed annuity design by guaranteeing participation rates and cap rates for the entire surrender charge period in most states while adding a premium bonus at issue that immediately increases the starting account value.
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For clients evaluating principal-protected strategies and asking broader structural questions such as those covered in are annuities guaranteed, the Heritage Growth Advantage Plus provides a clear example of how indexed annuities function. You are not directly invested in the stock market. Your principal and previously credited interest cannot decline due to negative market performance. Instead, interest is credited based on the positive performance of selected indexes, subject to participation rates or cap rates that are contractually locked in for the surrender period.
Premium Bonus and Long-Term Positioning
One of the defining features of the Heritage Growth Advantage Plus is its premium bonus. At issue, a stated percentage of your premium is added to your account value. That enhanced value is then allocated among the fixed or indexed strategies you select and begins compounding immediately. When held for its intended duration, the bonus increases the long-term growth base and can meaningfully improve projected accumulation.
As with most bonus annuities, the additional amount is subject to recapture if excess withdrawals occur during the surrender charge period. This makes the product most appropriate for assets intended to remain in place for the full surrender term. When structured correctly within a retirement plan, the bonus strengthens the compounding effect without sacrificing principal protection.
Guaranteed Crediting Structure for the Full Surrender Period
Unlike many fixed indexed annuities that reserve the right to adjust participation rates and cap rates annually, the Heritage Growth Advantage Plus guarantees those crediting parameters for the duration of the surrender charge period in most states. In most jurisdictions, the surrender schedule is ten years, and in California it is nine years. During that time, the crediting structure selected at issue will not be reduced.
This matters because long-term performance modeling depends on stable crediting assumptions. If participation rates decline midway through a contract, projected growth may change significantly. By locking in participation and cap rates, this product creates a defined environment for retirement modeling and rollover positioning. Individuals repositioning qualified assets frequently review planning frameworks such as how to transfer a Solo 401(k) to an annuity to ensure structural guarantees align with their time horizon.
How Interest Is Credited
Your premium may be allocated to a fixed account or to one or more indexed accounts. The fixed account credits interest daily at a guaranteed rate declared at issue. Indexed accounts credit interest at the end of a defined term, typically one or two years, based on the upward movement of the selected index and the participation or cap rate associated with that strategy.
If the index performance for the crediting term is positive, interest is credited according to the contract formula. If the index performance is zero or negative, no interest is credited for that term, but the contract value does not decline. Zero percent is not a loss. Your original premium and previously credited gains remain protected.
Tax Deferral and Retirement Coordination
Like other deferred annuities, growth inside the Heritage Growth Advantage Plus is tax deferred. Interest compounds without annual taxation until funds are withdrawn. For clients in peak earning years who anticipate lower tax brackets in retirement, deferral may enhance long-term compounding efficiency. Qualified funds transferred from IRAs or 401(k)s maintain their tax-deferred status when properly structured.
Pre-retirees coordinating accumulation and income phases often compare protected growth strategies with income-focused planning models such as those discussed in guaranteed income at age 60. Others integrate annuities into broader estate positioning frameworks alongside planning conversations similar to wealth transfer strategies the affluent use.
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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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Frequently Asked Questions
The premium bonus is added to your account value at issue as a percentage of your initial premium. It becomes part of your accumulation base and may be subject to recapture if excess withdrawals occur during the surrender period.
In most states, participation rates and cap rates are guaranteed not to decrease during the selected surrender charge period.
If the index performance is zero or negative during the crediting term, the contract is credited 0% for that period. Principal and previously credited interest remain protected.
Yes. Required Minimum Distributions can be taken without surrender charges after six months, even if they exceed the annual free withdrawal amount.
No. Annuities are insurance contracts and are not FDIC insured. All guarantees are backed by the claims-paying ability of Investors Heritage Life Insurance Company.
About the Author:
Jason Stolz, CLTC, CRPC and Chief Underwriter at Diversified Insurance Brokers (NPN 20471358), 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, Group Health, 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. Visitors who want to explore current annuity rates and compare options across multiple insurers can also use this annuity quote and comparison tool.
