Fixed index annuity review and rates

Synergy Choice Bonus

When it comes to planning for retirement, there are many strategies to help you reach your goals. Synergy Choice Bonus from Aspida Life Insurance Company can be a valuable part of your retirement portfolio for a number of reasons.

Rate Buy-Up Feature
By selecting a crediting strategy that advertises a Buy-Up, annuitants are able to increase equity participation in that specific strategy. A 1% fee will be applied to the total amount of money allocated into buy-up strategies and is assessed annually at the beginning of each contract year. 
Available in states: AL, AK, AZ, AR, CO, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.75% Fixed
2-Year Citi Aria PTP Participation Rate
Point to Point
Biennial
115% Participation
1-Year Citi Aria PTP Participation Rate
Point to Point
Annual
90% Participation
2-Year Citi Aria PTP Participation Rate
Point to Point
Biennial
155% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.75% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
14.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
37% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
47% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
11.75% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
21.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
47% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
60% Participation
1-Year GS Grand Prix PTP Participation Rate
Point to Point
Annual
135% Participation
2-Year GS Grand Prix PTP Participation Rate
Point to Point
Biennial
185% Participation
1-Year GS Grand Prix PTP Participation Rate
Point to Point
Annual
185% Participation
2-Year GS Grand Prix PTP Participation Rate
Point to Point
Biennial
255% Participation
1-Year Citi Aria PTP Participation Rate
Point to Point
Annual
65% Participation
1-Year Fixed Account
Fixed
4% Fixed
1-Year Citi Aria PTP Participation Rate
Point to Point
Annual
70% Participation
2-Year Citi Aria PTP Participation Rate
Point to Point
Biennial
125% Participation
1-Year Citi Aria PTP Participation Rate
Point to Point
Annual
100% Participation
2-Year Citi Aria PTP Participation Rate
Point to Point
Biennial
166% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.5% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
15.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
40% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
52% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
12.5% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
22.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
50% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
65% Participation
1-Year GS Grand Prix PTP Participation Rate
Point to Point
Annual
145% Participation
2-Year GS Grand Prix PTP Participation Rate
Point to Point
Biennial
200% Participation
1-Year GS Grand Prix PTP Participation Rate
Point to Point
Annual
195% Participation
2-Year GS Grand Prix PTP Participation Rate
Point to Point
Biennial
270% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%
Aspida Life Insurance Company
Founded: 2021
A.M. Best: A-
S&P: A-
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Premium bonus
10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, IRA Rollover, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and TSP