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, 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, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
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
|
|
|
Minimum contribution
|
$25,000 |
|
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 |
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) |