Synergy Choice Bonus (CA Only)

Aspida Life Insurance Company
Synergy Choice Bonus (CA Only)-brochure Synergy Choice Bonus (CA Only)-brochure

Synergy Choice Bonus (CA Only)

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Ratings:

  • A.M. Best A-
  • Comdex 56

About Product

Type
Fixed Index
Purpose
Accumulation
Premium Bonus
10%
Term
9 Years
Surrender schedule
8.4%8%7%6%5%4%3%2%1%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and TSP
Launch Date
11/28/2022
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
2.65% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.75% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
11.25% Cap
2-Year Citi Aria PTP Participation Rate
Point to Point
Biennial
83% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
35% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
46% Participation
1-Year Citi Aria PTP Participation Rate
Point to Point
Annual
59% Participation
1-Year GS Grand Prix PTP Participation Rate
Point to Point
Annual
150% Participation
2-Year GS Grand Prix PTP Participation Rate
Point to Point
Biennial
205% Participation
1-Year Fixed Account
Fixed
2.9% Fixed
2-Year Citi Aria PTP Participation Rate
Point to Point
Biennial
90% Participation
1-Year Citi Aria PTP Participation Rate
Point to Point
Annual
64% Participation
2-Year GS Grand Prix PTP Participation Rate
Point to Point
Biennial
220% Participation
1-Year GS Grand Prix PTP Participation Rate
Point to Point
Annual
160% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
49% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
38% Participation
2-Year S&P 500 PTP Cap
Point to Point
Biennial
12.75% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.5% Cap
1-Year Invesco QQQ Growth PTP Cap
Point to Point
Annual
6% Cap
2-Year Invesco QQQ Growth PTP Participation Rate
Point to Point
Biennial
87% Participation
2-Year Nasdaq-100 PTP Participation Rate
Point to Point
Biennial
39% Participation
1-Year Nasdaq-100 PTP Participation Rate
Point to Point
Annual
32% Participation
2-Year Nasdaq-100 PTP Cap
Point to Point
Biennial
10% Cap
1-Year Nasdaq-100 PTP Cap
Point to Point
Annual
4% Cap
2-Year Nasdaq-100 PTP Cap
Point to Point
Biennial
11.5% Cap
1-Year Nasdaq-100 PTP Participation Rate
Point to Point
Annual
35% Participation
2-Year Nasdaq-100 PTP Participation Rate
Point to Point
Biennial
42% Participation
1-Year Nasdaq-100 PTP Cap
Point to Point
Annual
5% Cap
1-Year Invesco QQQ Growth PTP Cap
Point to Point
Annual
8% Cap
2-Year Invesco QQQ Growth PTP Participation Rate
Point to Point
Biennial
92% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9
Penalty 8% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

No Riders for Synergy Choice Bonus (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.

Premium Notes

Plan Types
May be issued as Non-Qualified, Traditional IRA, or Roth IRA
Accepts rollovers from qualified plans, 457 plans, IRAs, Simplified Employee Pension (SEP) plans, 403(b) plans, and SIMPLE IRAs.
Note: Inherited IRA would be rolled over into a New Traditional IRA. If you already have an IRA, you can roll over the inherited assets to another traditional IRA in your name or convert the assets to a Roth IRA. The simplest way to do that is through a direct, trustee-to-trustee transfer from one account to the other or between one IRA custodian and another.  

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. 

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