WealthSecure Plus 7-Year review

Yes, for the right buyer. It is a good accumulation FIA for someone who wants principal protection, values a deeper crediting menu than a plain two-index FIA, and is comfortable with a 7-year commitment. It is less compelling if you need guaranteed access to more than 10% of your money in any given year during the surrender period, if you live in one of the 10 excluded states, or if lifetime income is your primary goal from day one rather than a potential secondary outcome.

The main reason to choose WealthSecure Plus 7-Year is crediting-menu flexibility inside a principal-protected structure. The Fidelity Quality Factor and Fidelity Stocks for Inflation indices give buyers exposure to factor-tilted and inflation-sensitive strategies that are less common in mid-market FIAs. The QuarterLock biennial and five-year strategies add measurement-period flexibility that pure annual-reset FIAs do not offer. The optional GLWB rider — elected at issue with an 8.50% compound roll-up — gives the product a meaningful income upgrade path for buyers who are not sure they will need lifetime income but want to preserve the option.

I think WealthSecure Plus 7-Year is best for someone in their 50s or early 60s who wants to park a portion of retirement savings in a principal-protected vehicle, has a genuine 7-year time horizon, and is drawn to factor-based or inflation-sensitive index strategies. The $2,000 minimum makes it accessible for smaller premium amounts. Qualified and non-qualified buyers are both eligible. It is not a great fit for someone who expects liquidity needs above the 10% annual free withdrawal, who lives in an excluded state, or who wants an income-first structure from the start rather than an accumulation product with an optional income add-on.

You are buying a principal-protected insurance contract where your credited interest is calculated using one or more index-based formulas rather than a fixed rate. You do not own equities. You do not participate directly in stock market returns. What you get instead is a contract that applies a formula — a cap, a participation rate, a performance trigger, or a high-water-mark comparison — to determine how much interest, if any, is credited each annual or multi-year term. In a down-market term, you receive zero interest on index strategies, but your principal is not reduced by market losses. That protection is the core value exchange, and the contract's crediting menu determines how many ways you can pursue the growth side of that equation.

WealthSecure Plus 7-Year offers three indices and ten distinct crediting strategies. The S&P 500 strategies are the most familiar: an annual point-to-point with a 9.25% cap (minimum 1.00% guaranteed) or a 50% participation rate with no cap. Both reset annually, meaning each contract year is evaluated independently.

The Fidelity indices are where the menu becomes more distinctive. The Fidelity U.S. Quality Factor Index 5% ER and Fidelity Stocks for Inflation 5% ER each offer four separate strategies: annual point-to-point with participation (200%–220% participation on strategies reviewed), biennial term-end point with a QuarterLock high-water-mark at 150% participation, five-year term-end point with a QuarterLock high-water-mark at 220% participation, and an annual performance trigger (7.00% for Quality Factor, 8.00% for Stocks for Inflation as of the rate sheet date). A guaranteed minimum participation of 10% applies on all Fidelity strategies.

The QuarterLock mechanic is worth understanding. Rather than simply comparing the index value at the start and end of the two- or five-year term, it locks in the highest quarterly index value achieved during the term as the comparison point. That means if the index peaks mid-term and then pulls back, the credited interest still reflects the peak, subject to the participation rate. It is a structural advantage in volatile-then-retreating markets, though the participation rate rather than a cap limits absolute upside.

A fixed account also available at 4.60% (as of the rate sheet date) provides a conservative anchor for buyers who want some portion of their allocation at a declared rate with no index-linking complexity.

The secondary feature is the optional Guaranteed Lifetime Withdrawal Benefit Rider II. This rider is elected at issue and is not built into the base contract — so you are not paying for it if you do not want it. If you elect it, the cost is 1.10% annually of the benefit base (or 1.20% for the Enhanced version, which doubles the withdrawal percentage in the event of qualifying chronic illness or care needs). The benefit base grows at 8.50% compound annually for up to 10 years, or it equals the actual interest earned during that period, whichever is higher.

The reason this matters is that it transforms an accumulation FIA into a hybrid product for buyers who are genuinely uncertain about their income needs. The 8.50% compound roll-up is competitive among optional GLWB riders, and the Enhanced version layering in a chronic illness doubler adds meaningful protection for long-term care events. The 1-year waiting period after issue before income can commence is standard. The minimum income commencement age of 50 and the rider issue age range of 40–85 gives this product utility across a wide demographic. Buyers who elect the rider and then decide they never need income simply continue to accumulate — but the benefit base has been growing on their behalf throughout.

WealthSecure Plus 7-Year is not a liquid instrument. The free withdrawal provision allows 10% of contract value annually without surrender charges or MVA — that is a standard FIA provision, and it is clean here. Below that threshold, the contract is reasonably accessible. Above it, the surrender schedule runs 9%, 8%, 8%, 7%, 6%, 5%, 4% across the seven years. The 9% first-year charge is at the higher end of the FIA market for a 7-year product, and it includes a Market Value Adjustment — meaning a rising interest-rate environment during the surrender period can increase the effective cost of early withdrawal beyond the stated percentage.

The contract includes several useful waivers that mitigate the surrender structure in specific circumstances: RMDs are available without withdrawal charges or MVA (subject to S.USA's RMD calculation), a confinement waiver applies after 90 or more consecutive days in a nursing home or long-term care facility, and a terminal illness waiver covers withdrawals when a diagnosis carries an expected mortality within one year. These are meaningful safety valves, but they are not a substitute for planning around the full surrender period.

The base contract carries no explicit annual fee, which is the standard FIA structure. If you do not elect the GLWB rider, your only costs are structural — caps and participation rates that limit upside in exchange for downside protection, and the MVA that can amplify surrender costs in rising-rate environments.

If you elect the Base GLWB Rider II, the fee is 1.10% annually of the benefit base, not the account value — and the benefit base can grow beyond the account value, so the actual dollar cost of the rider can be higher than 1.10% of what you could walk away with. The Enhanced version runs 1.20% annually, with both capped at 2.50% if rates ever reach that level. For buyers who elect the rider and then never turn on income, the fee represents pure insurance cost without a return. That is the honest tradeoff: the rider is an option worth paying for if there is a real chance you will use it; it is a drag if you are virtually certain you will not.

The Fidelity indices carry embedded 5% expense ratios, which is standard for these product-specific indices and is already factored into how participation rates are set. It is not an additional fee you pay — it is a structural cost baked into the index construction that affects how the raw index performance translates into credited interest.

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

Parent: Prosperity Life Group

AM Best Rating: A-

S.USA Life is a smaller carrier within the Prosperity Life Group family. The A- AM Best rating reflects adequate financial strength for an FIA issuer, though buyers accustomed to A+ carriers from larger insurers will note the difference. The product is distributed through WealthVest, a wholesale distribution firm that focuses on independent broker-dealer and independent advisor channels.