based on complex data

Annuity Educator Rating

Annuity review

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.

Compare this annuity with 800+ others from 100+ companies

Your State

Investment

Your Gender

Your Age

Retire At

No agent will call you

About Product

Type

Fixed Index

Purpose

Accumulation

Term

5 Years

Surrender schedule

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and TSP

Launch Date

11/07/2022

When it comes to planning for retirement, there are many strategies to help you reach your goals. Synergy Choice Max from Aspida Life Insurance Company can be a valuable part of your retirement portfolio for a number of reasons.

Ownership Requirements
Owner must be the annuitant, except when a trust is the owner.

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

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	4% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	9.25% Cap
2-Year S&P 500 PTP Cap	Point to Point Biennial	18.5% Cap
2-Year Citi Aria PTP Participation Rate	Point to Point Biennial	138% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	47% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	56% Participation
1-Year Citi Aria PTP Participation Rate	Point to Point Annual	87% Participation
1-Year GS Grand Prix PTP Participation Rate	Point to Point Annual	200% Participation
2-Year GS Grand Prix PTP Participation Rate	Point to Point Biennial	275% Participation
1-Year Fixed Account	Fixed	4.25% Fixed
2-Year Citi Aria PTP Participation Rate	Point to Point Biennial	145% Participation
1-Year Citi Aria PTP Participation Rate	Point to Point Annual	92% Participation
2-Year GS Grand Prix PTP Participation Rate	Point to Point Biennial	290% Participation
1-Year GS Grand Prix PTP Participation Rate	Point to Point Annual	210% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	60% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	50% Participation
2-Year S&P 500 PTP Cap	Point to Point Biennial	20% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	10% Cap
1-Year Invesco QQQ Growth PTP Cap	Point to Point Annual	15% Cap
2-Year Invesco QQQ Growth PTP Participation Rate	Point to Point Biennial	123% Participation
2-Year Nasdaq-100 PTP Participation Rate	Point to Point Biennial	47% Participation
1-Year Nasdaq-100 PTP Cap	Point to Point Annual	7.5% Cap
2-Year Nasdaq-100 PTP Cap	Point to Point Biennial	14% Cap
1-Year Nasdaq-100 PTP Participation Rate	Point to Point Annual	38% Participation
2-Year Nasdaq-100 PTP Participation Rate	Point to Point Biennial	50% Participation
1-Year Nasdaq-100 PTP Participation Rate	Point to Point Annual	40% Participation
2-Year Nasdaq-100 PTP Cap	Point to Point Biennial	15% Cap
1-Year Nasdaq-100 PTP Cap	Point to Point Annual	8% Cap
1-Year Invesco QQQ Growth PTP Cap	Point to Point Annual	20% Cap
2-Year Invesco QQQ Growth PTP Participation Rate	Point to Point Biennial	130% Participation

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates

See if this annuity ranks in your top 3 for Ohio

Investment Amount

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

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 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.

Company Founded: 2021

Excellent Rated Company

Aspida Life Insurance Company

Company Ratings

4.3