Fixed index annuity review and rates

Synergy Choice Max 5

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

Ownership Requirements
Owner must be the annuitant, except when a trust is the owner.
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
4.65% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
11% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
20% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
43% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
55% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
14% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
27% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
53% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
70% 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 GS Grand Prix PTP Participation Rate
Point to Point
Annual
235% Participation
2-Year GS Grand Prix PTP Participation Rate
Point to Point
Biennial
325% 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 Citi Aria PTP Participation Rate
Point to Point
Annual
115% Participation
2-Year Citi Aria PTP Participation Rate
Point to Point
Biennial
200% Participation
1-Year Fixed Account
Fixed
4.9% Fixed
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
22% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
46% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
60% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
14.75% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
28% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
56% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
75% 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
1-Year GS Grand Prix PTP Participation Rate
Point to Point
Annual
245% Participation
2-Year GS Grand Prix PTP Participation Rate
Point to Point
Biennial
340% Participation
1-Year Citi Aria PTP Participation Rate
Point to Point
Annual
95% Participation
2-Year Citi Aria PTP Participation Rate
Point to Point
Biennial
165% Participation
1-Year Citi Aria PTP Participation Rate
Point to Point
Annual
120% Participation
2-Year Citi Aria PTP Participation Rate
Point to Point
Biennial
210% Participation

Surrender schedule

Year 1 2 3 4 5
Penalty 9% 8% 7% 6% 5%
Aspida Life Insurance Company
Founded: 2021
A.M. Best: A-
S&P: A-
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
5 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, and TSP