WealthSecure Plus 10-Year review

Yes, for a specific buyer. WealthSecure Plus 10-Year is a good fit for someone with genuinely long-horizon retirement dollars who wants accumulation with principal protection and values having multiple crediting approaches — including a multi-year high-water-mark strategy — inside one contract. It is less compelling for someone who needs meaningful liquidity in the near term, wants a simpler one-strategy design, or expects to use it primarily as an income vehicle from the start, since a purpose-built income FIA would likely serve that goal better.

The practical reason to choose WealthSecure Plus 10-Year is the combination of a clean base structure, no product fee, and a crediting menu that includes two strategies most standard FIAs do not offer. The QuarterLock feature is the most distinctive element: it measures the highest quarterly index value over the term rather than a simple beginning-to-end comparison, which can meaningfully improve credited interest in markets with early gains followed by volatility. The high participation rates on the Fidelity indices — 210% on the Quality Factor strategy, 230% on the Stocks for Inflation strategy — add further accumulation potential for buyers comfortable with those specialty index designs. The optional GLWB rider is there if income protection becomes a priority, but buyers who do not elect it are not paying for it.

I think WealthSecure Plus 10-Year works best for a buyer in their late 40s to mid-60s who has money they genuinely will not need for a decade, wants principal protection, and is interested in more than one way to pursue index-linked interest. The $2,000 minimum premium is notably low, which makes it accessible for buyers funding the contract incrementally or using it as part of a laddered annuity strategy rather than a single large deposit. It is less suitable for someone who wants simplicity, needs flexible access to principal above the 10% free-withdrawal amount, or is primarily motivated by guaranteed lifetime income from the outset.

You are buying a principal-protected annuity where interest — if any — is linked to the performance of one or more market indices. You do not own index shares, you do not receive dividends, and you cannot lose principal to market downturns (though surrender charges and MVA can reduce what you receive if you withdraw early). The actual value of the contract comes from the combination of protection, the crediting-method selection, and time. The more of the contract's term you use, the more effectively the high-water-mark strategies can work. Buying this product and surrendering it early undermines the entire structure.

WealthSecure Plus 10-Year offers three main index options — the S&P 500, the Fidelity U.S. Quality Factor Index 5% ER, and the Fidelity Stocks for Inflation Index 5% ER — and several crediting methods across them. The most common FIA approach is annual point-to-point, where interest is calculated by comparing the index level at the start and end of each contract year, then applying a cap or participation rate. This product offers that in three forms: a capped S&P 500 strategy (9.25% cap as of the December 2025 rate sheet), participation-rate strategies on the Fidelity indices (210% on Quality Factor, 230% on Stocks for Inflation), and a performance trigger strategy that credits a declared flat rate (7.00% on Quality Factor, 8.00% on Stocks for Inflation) if the index is flat or positive.

The most differentiated element is the QuarterLock strategy. Instead of measuring only the index level at the start and end of the term, QuarterLock locks in the highest quarterly anniversary value over the full 2- or 5-year term as the ending point. This means that if the index performs well in year one or two and then retreats, the QuarterLock strategy can credit interest based on that earlier high rather than the depressed end value. The 5-year QuarterLock strategy carries a 220% participation rate on the Fidelity Stocks for Inflation index. The tradeoff is term length: buyers must complete the full 2- or 5-year measurement period to capture any indexed credit in those strategies.

The optional GLWB rider is the secondary feature worth understanding carefully. It is available in two versions: Base (1.10% annual fee on the benefit base) and Enhanced (1.20% annual fee, adding doubled withdrawal payments upon qualifying permanent impairment or LTC confinement). Both versions apply an 8.50% compound rollup on the benefit base for up to 10 years, or the product gives the greater of the rollup and 100% of actual interest credited to the benefit base — whichever is higher.

That rollup rate is strong for a fee-based GLWB in the current market. But this is an accumulation-first product, and layering an income rider adds ongoing cost that reduces the net crediting the base contract can deliver. The math works well for buyers who do elect income — the 8.50% compound rollup can grow the benefit base meaningfully over the accumulation period, and the withdrawal percentages (7.00%/6.50% at 65, single/joint; 7.50%/7.00% at 70) are solid. The math works less well for buyers who add the rider "just in case" and never use it.

Ten years is a genuine commitment. Free withdrawals of 10% of contract value are available each policy year without surrender charges or MVA, and RMDs can always be taken without charge. Everything above the free amount is subject to a declining surrender schedule plus a market value adjustment — meaning your effective surrender cost fluctuates with interest rate movements, not just the contractual percentage. In a rising-rate environment, the MVA can increase the true cost of early exit meaningfully.

The product also includes a Confinement Waiver and Terminal Illness Waiver built into the base contract at no additional cost. If you elect the Enhanced GLWB rider, qualifying LTC-level impairment doubles your withdrawal payments — a meaningful benefit for buyers who want some long-term care backstop. These waivers reduce but do not eliminate the liquidity concern; the contract is still designed for money you are confident you will not need above the 10% annual free amount.

The base contract has no product fee, no M&E charge, no administration fee, and no annual contract charge. That is a clean cost structure for an FIA. The only ongoing expense beyond the crediting-rate dynamics is the GLWB rider fee if elected — 1.10% annually on the benefit base for the Base version, 1.20% for the Enhanced. Both have a maximum fee cap of 2.50%, which protects against uncapped fee escalation. Because the fee is calculated on the benefit base (not contract value), it can become a larger drag in relative terms if the benefit base grows significantly ahead of the account value.

The less visible tradeoffs are structural. The Fidelity indices carry a 5% expense ratio embedded in their construction, which reduces the raw index return before any participation rate is applied. That is a real cost, even though it is expressed as an index design rather than an explicit product fee. The QuarterLock strategies require completing full multi-year terms to earn any credited interest. And participation rates are declared at renewal, meaning the 210% and 230% rates shown are current snapshots, not guarantees for the life of the contract — the guaranteed minimum participation rate is 10%.

Legal Entity: S.USA Life Insurance Company, Inc.

Parent: Prosperity Life Group

AM Best Rating: A-