Synergy Choice Income: Rates & Review

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

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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Up to 10% of the Contract Value may be withdrawn without any Withdrawal Charge or Market Value Adjustment (MVA) after the first contract anniversary.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Subject to the exceptions stated in the contract, an MVA will be applied if part or all of the Contract Value is withdrawn above any allowable free amount.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	97% 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	62% Participation
1-Year GS Grand Prix PTP Participation Rate	Point to Point Annual	142% Participation
2-Year GS Grand Prix PTP Participation Rate	Point to Point Biennial	200% Participation
1-Year Fixed Account	Fixed	2.75% Fixed
2-Year Citi Aria PTP Participation Rate	Point to Point Biennial	105% Participation
1-Year Citi Aria PTP Participation Rate	Point to Point Annual	68% Participation
2-Year GS Grand Prix PTP Participation Rate	Point to Point Biennial	215% Participation
1-Year GS Grand Prix PTP Participation Rate	Point to Point Annual	155% 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
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	80% Participation
2-Year Nasdaq-100 PTP Participation Rate	Point to Point Biennial	32% Participation
1-Year Nasdaq-100 PTP Cap	Point to Point Annual	3.75% Cap
2-Year Nasdaq-100 PTP Cap	Point to Point Biennial	7.5% 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	35% Participation
1-Year Nasdaq-100 PTP Participation Rate	Point to Point Annual	30% Participation
2-Year Nasdaq-100 PTP Cap	Point to Point Biennial	9% Cap
1-Year Nasdaq-100 PTP Cap	Point to Point Annual	4.5% Cap
1-Year Invesco QQQ Growth PTP Cap	Point to Point Annual	7% Cap
2-Year Invesco QQQ Growth PTP Participation Rate	Point to Point Biennial	85% 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

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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