Synergy Choice Bonus 10
The Synergy Choice Bonus Annuity stands out as a reliable retirement product. It's user-friendly, boasting of flexible options that secure your future and give peace of mind. It's a great choice for a well-planned retirement.
What's more, it has a fantastic bonus feature to boost your income, adding a nice little cushion to your savings. It's never too late or too early to plan your retirement. Choose Synergy Choice Bonus Annuity!
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.25%
Fixed
|
| 1-Year S&P 500 PTP Cap with Bailout |
Point to Point
Annual
|
5%
Cap
|
| 2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
7.75%
Cap
|
| 2-Year Citi Aria PTP Participation Rate |
Point to Point
Biennial
|
71%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
22%
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% |
Riders
No Riders for Synergy Choice Bonus 10 annuity.
Waivers
Nursing Home
You can withdraw up to 100% of your annuity’s Contract Value if you are confined to an eligible Nursing Home. This benefit is available if you are confined for at least 90 consecutive days any time after your first Contract Anniversary and meet eligibility requirements. No Withdrawal Charge or MVA will be applied if you qualify for this benefit. To receive the Nursing Home Waiver, you cannot be confined on the Contract Effective Date.
Terminal Illness
You can withdraw up to 100% of your annuity’s Contract Value if you are diagnosed with a terminal illness that is expected to result in death within one year and meet eligibility requirements. No Withdrawal Charge or MVA will be applied if you qualify for this benefit. This waiver is available after your first Contract Anniversary and the initial diagnosis of terminal illness must be made after the Contract Effective Date.
Withdrawal Provisions
Penalty-Free Withdrawals Up to 10% of the Accumulated Value may be withdrawn without any Withdrawal Charge or Market Value Adjustment (MVA) after the first contract anniversary.
- A.M. Best A-
- Comdex 56
