GILICO Rate Lock — 10-year fixed annuity at 4.10%
- Locks in 4.10% for 10 years
- Open with $10,000 to $3,000,000
- Free withdrawals allowed for:
- 5% of your balance each year
- Your full investment for nursing home confinement or terminal illness
Rates as of May 8, 2026
Projected balance
over 10 years
Compounded at 4.10% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $4,100 | $104,100 |
| 2 | $4,268 | $108,368 |
| 3 | $4,443 | $112,811 |
| 4 | $4,625 | $117,436 |
| 5 | $4,815 | $122,251 |
| 6 | $5,012 | $127,264 |
| 7 | $5,218 | $132,481 |
| 8 | $5,432 | $137,913 |
| 9 | $5,654 | $143,568 |
| 10 | $5,886 | $149,454 |
| Total earnings | $49,454 | $149,454 |
Free-withdrawal allowance: 5% / yr after year 1. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #54 of 55 (top is 6.25% — Sentinel Security Personal Choice)
Same product, other terms
Other Rate Lock terms from GILICO
Projections shown for a $100,000 premium.
| Term | Rate | Projection | |
|---|---|---|---|
| 3-year | 4.30% | $113,463 | View → |
| 4-year | 4.50% | $119,252 | View → |
| 5-year | 4.80% | $126,417 | View → |
| 6-year | 4.10% | $127,264 | View → |
| 7-year | 4.80% | $138,845 | View → |
| 8-year | 4.10% | $137,913 | View → |
| 9-year | 4.10% | $143,568 | View → |
| 10-year | 4.10% | $149,454 | You're here |
If you withdraw early
Surrender charge schedule
Surrender charges apply to withdrawals beyond the free-withdrawal allowance during the contract term. The charge is a percentage of the amount withdrawn, decreasing each year. They exist because the carrier matches your premium against long-duration assets — early redemption forces them to unwind those positions.
| Contract year | Charge |
|---|---|
| Year 1 | 9.0% |
| Year 2 | 8.0% |
| Year 3 | 7.0% |
| Year 4 | 6.0% |
| Year 5 | 5.0% |
| Year 6 | 4.0% |
| Year 7 | 3.0% |
| Year 8 | 2.0% |
| Year 9 | 1.0% |
| Year 10 | 0.5% |
Contract terms
What else to know
Term
10 years guaranteed at 4.10% APY
Investment range
$10,000 – $3,000,000
Rate banding
Higher investment amounts qualify for higher rates.
| Premium band | Rate |
|---|---|
| $10,000 – $100,000 | 4.00% |
| $100,000 – $250,000 | 4.10% |
| $250,000 – $3,000,000 | 4.10% |
Funding sources accepted
Roth Conversion (Full), Traditional IRA, Non-Qualified, IRA Rollover, IRA Transfer, IRA-Roth
Owner age
0 to 90 years old
Death benefit
Full accumulated value passes to your beneficiary, no surrender charge.
Riders & waivers
- Terminal Illness Waiver
- Nursing Home Waiver
Maturity
30-day window at the end of the term to withdraw, reinvest, or convert to guaranteed income via annuitization.
Tax treatment
Interest accumulates tax-deferred. Personal post-tax funds: only the interest is taxable on withdrawal. Withdrawals before age 59½ may be subject to a 10% IRS penalty.
Source: GILICO contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
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