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Best Guaranteed Annuity Rates
2-Year
5.55%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Synergy Choice Income

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Highlights

The Synergy Choice Income fixed index annuity can help you achieve the retirement of your dreams with a built-in Guaranteed Lifetime Withdrawal Benefit (GLWB) rider that converts a portion of savings into a stream of income that is guaranteed to last for a lifetime, or two. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Type
Fixed Index
Purpose Lifetime Income
Term
10 Years
Surrender schedule
9%9%8%7%6%5%4%3%2%1%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
11/06/2023
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
Brochure
Open brochure

Find out if the Synergy Choice Income is the right product for you.

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 

Withdrawal Provisions

Penalty-Free Withdrawals
Up to 10% of the Contract Value may be withdrawn without any Withdrawal Charge or Market Value Adjustment (MVA) after the first contract anniversary. A withdrawal from your Contract Value will reduce the GLWB rider’s Benefit Base (and thus the amount of future lifetime income withdrawals) proportionally prior to the rider's activation.

Required Minimum Distributions (RMD)
RMDs from your tax-qualified IRA available after 30 days. All other withdrawals are available at the beginning of year two.

Market Value Adjustment (MVA)
Subject to the exceptions stated in the contract, an MVA will be applied if part or all of the Contract Value is withdrawn above any allowable free amount. The MVA can be positive or negative. 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2.5% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
4.5% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
9.5% Cap
2-Year Citi Aria PTP Participation Rate
Point to Point
Biennial
87% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
30% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
35% Participation
1-Year Citi Aria PTP Participation Rate
Point to Point
Annual
55% Participation
1-Year GS Grand Prix PTP Participation Rate
Point to Point
Annual
132% Participation
2-Year GS Grand Prix PTP Participation Rate
Point to Point
Biennial
190% Participation
1-Year Fixed Account
Fixed
2.75% Fixed
2-Year Citi Aria PTP Participation Rate
Point to Point
Biennial
95% Participation
1-Year Citi Aria PTP Participation Rate
Point to Point
Annual
61% Participation
2-Year GS Grand Prix PTP Participation Rate
Point to Point
Biennial
205% Participation
1-Year GS Grand Prix PTP Participation Rate
Point to Point
Annual
145% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
39% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
33% Participation
2-Year S&P 500 PTP Cap
Point to Point
Biennial
10.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.25% Cap

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

Name Inbuilt Fee
Guaranteed Lifetime Income Benefit Rider Yes 0.50% annually (1.50% max)

Waivers

Death

Your named beneficiaries will receive the Death Benefit with no Withdrawal Charge or MVA applied.

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.

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