Synergy Choice Max 5
Retire comfortably with the Synergy Choice Max 5 annuity product. It offers great flexibility and safety, helping make your future look as sunny as ever. You won't have to fret about anxieties like market downturns!
Its key benefits? You'll get guaranteed income growth each year, with the potential for even more if the markets perform! Retire with peace of mind knowing Synergy Choice Max 5 is there for you.
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.75%
Fixed
|
| 1-Year S&P 500 PTP Cap with Bailout |
Point to Point
Annual
|
9.25%
Cap
|
| 2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
16.5%
Cap
|
| 2-Year Citi Aria PTP Participation Rate |
Point to Point
Biennial
|
133%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
42%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% |
Riders
No Riders for Synergy Choice Max 5 annuity.
Waivers
Bail-Out
You have the option of withdrawing your Contract Value if the S&P500 annual point-to-point cap renewal rate falls below the stated bailout cap rate at contract issue.
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
Owner must be the annuitant, except when a trust is the owner.
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Penalty-Free Withdrawals Up to 10% of the Contract Value may be withdrawn without any Withdrawal Charge or Market Value Adjustment (MVA) after the first contract anniversary. 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.
- A.M. Best A-
- Comdex 56
-cropped.svg)
