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Synergy Choice Bonus 5 (CA Only)

Created in 2021 by a group of industry experts, the Aspida Life Insurance Company is an important provider of annuity and retirement planning solutions. A subsidiary of Ares Management Corp., a global alternative investment manager, the company targets the retirement market by offering all sorts of annuities, life insurance, and personalized services to retirees. With a financial strength rating of A- from A.M. Best and Fitch Ratings, the company has been continuously expanding over the last couple years despite being formed quite recently.

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

10%

Term

5 Years

Surrender schedule

8.4%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, Traditional IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and TSP

Launch Date

12/02/2024

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.

Available in states: CA

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	2.5% Fixed
1-Year S&P 500 PTP Cap with Bailout	Point to Point Annual	5.75% Cap
1-Year Invesco QQQ Growth PTP Cap	Point to Point Annual	4.5% Cap
2-Year Invesco QQQ Growth PTP Participation Rate	Point to Point Biennial	74% Participation
2-Year Nasdaq-100 PTP Participation Rate	Point to Point Biennial	30% Participation
1-Year Nasdaq-100 PTP Participation Rate	Point to Point Annual	25% Participation
2-Year Nasdaq-100 PTP Cap	Point to Point Biennial	7.5% Cap
1-Year Nasdaq-100 PTP Cap	Point to Point Annual	4.5% Cap
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	125% Participation
1-Year Citi Aria PTP Participation Rate	Point to Point Annual	53% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	35% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	24% Participation
2-Year Citi Aria PTP Participation Rate	Point to Point Biennial	84% Participation
2-Year S&P 500 PTP Cap	Point to Point Biennial	9.5% Cap
1-Year Fixed Account	Fixed	2.75% Fixed
2-Year Nasdaq-100 PTP Cap	Point to Point Biennial	8.5% Cap
1-Year Nasdaq-100 PTP Participation Rate	Point to Point Annual	27% Participation
2-Year Nasdaq-100 PTP Participation Rate	Point to Point Biennial	34% Participation
1-Year Nasdaq-100 PTP Cap	Point to Point Annual	5% Cap
1-Year Invesco QQQ Growth PTP Cap	Point to Point Annual	5.5% Cap
2-Year Invesco QQQ Growth PTP Participation Rate	Point to Point Biennial	80% Participation
1-Year S&P 500 PTP Cap with Bailout	Point to Point Annual	6.25% Cap
2-Year S&P 500 PTP Cap	Point to Point Biennial	10.75% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	28% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	38% 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	200% Participation
1-Year Citi Aria PTP Participation Rate	Point to Point Annual	58% Participation
2-Year Citi Aria PTP Participation Rate	Point to Point Biennial	95% Participation
1-Year GS Lexicon Long Short PTP Cap	Point to Point Annual	7% Cap
2-Year GS Lexicon Long Short PTP Participation Rate	Point to Point Biennial	70% Participation
1-Year GS Lexicon Long Short PTP Cap	Point to Point Annual	8% Cap
2-Year GS Lexicon Long Short PTP Participation Rate	Point to Point Biennial	75% Participation
2-Year BlackRock U.S. Equity Bitcoin Balanced Risk 10% PTP Participation Rate	Point to Point Biennial	57% Participation
1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 10% PTP Cap	Point to Point Annual	5.25% Cap
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	3.75% Performance triggered
1-Year BlackRock U.S. Equity Bitcoin Balanced Risk 10% PTP Cap	Point to Point Annual	5.75% Cap
2-Year BlackRock U.S. Equity Bitcoin Balanced Risk 10% PTP Participation Rate	Point to Point Biennial	62% Participation
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	4% Performance triggered
1-Year T. Rowe Price U.S. Equity 15 PTP Cap	Point to Point Annual	8% Cap
2-Year T. Rowe Price U.S. Equity 15 PTP Participation Rate	Point to Point Biennial	70% Participation
1-Year T. Rowe Price U.S. Equity 15 PTP Cap	Point to Point Annual	9% Cap
2-Year T. Rowe Price U.S. Equity 15 PTP Participation Rate	Point to Point Biennial	75% Participation

Surrender schedule

Year	1	2	3	4	5
Penalty	8%	8%	7%	6%	5%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Riders

No Riders for Synergy Choice Bonus 5 (CA Only) 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.

RMD

Required Minimum Distributions withdrawn at least 30 days after the contract has been issued will not be subject to any penalties.

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.

Company Founded: 2021

Excellent Rated Company

Aspida Life Insurance Company

Company Ratings

4.3