Personal Choice Plus

The Sentinel Security Life Insurance Company, established in 1948, is a critical player in the insurance and retirement sector. With an emphasis on assisting potential clients achieve financial security, the company offers a great selection of insurance products, including final expense life insurance, Medicare supplemental insurance, and many annuity types. Known for its vow to always provide custom-made financial solutions to retirees in particular, the company continues to improve by embracing the digital age to further streamline operations.

Sentinel Security Life Insurance Company
15 customer reviews
Personal Choice Plus-brochure Personal Choice Plus-brochure

Personal Choice Plus

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Ratings:

  • A.M. Best B++

About Product

Type
Fixed Index
Purpose
Accumulation & Legacy
Term
5 Years
Surrender schedule
10%9%8%7%5%
Fee withdrawal:
None
Market Value Adjustment
Yes
Return Of Premium
No x
Minimum Contribution
$5,000
Maximum Contribution
$1,000,000
Max Age Qualified
90
Types Of Funds
Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP
Sentinel Personal Choice Plus annuity provides flexibility by allowing the selection of optional riders to a 5 year, single premium, a deferred annuity with three different indexing strategies, in addition to a fixed account. 
Available in states: AL, AZ, AR, CO, GA, HI, ID, IL, IN, IA, KS, KY, LA, MD, MN, MS, MT, NE, NV, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TX, UT, WA, and WY

Allocation Accounts

Name Type Rates
5-Year Fixed Account
Fixed
3% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
4.1% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
4.2% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.75% Cap

Surrender schedule

Year 1 2 3 4 5
Penalty 10% 9% 8% 7% 5%

Riders

Name Inbuilt Fee
Preferred 10% Free Withdrawal - 0.08% fee No 0.08% annually
Death Benefit Feature No 0.35% annually
Required Minimum Distribution - 0.16% fee No 0.16% annually
Accumulated Interest Withdrawal - 0.08% fee No 0.08% annually

Waivers

Nursing Home

Unavailable in states: PA

Available. The nursing home waiver does not include home health care.

Terminal Illness

Unavailable in states: PA

Available

Surrender Window

30 days prior to the end of the Guarantee Period, the following options are available to take effect on the next Contract Anniversary: 1. Continue the contract for another Guarantee Period; 2. Apply the Contract Value to a Settlement Option; 3. Take a Partial Withdrawal, with no MVA or Surrender Charges, and apply the remaining value to another Guarantee Period; 4. Surrender the contract without MVA or Surrender Charges.

Withdrawal Provisions

Optional Riders and Cost
Required Minimum Distribution - 0.16% fee
Preferred 10% Free Withdrawal - 0.08% fee
Death Benefit Feature - 0.35% fee
Accumulated Interest Withdrawal - 0.08% fee
The cost will be deducted from your accumulation value on each contract anniversary  

Death Benefit
The amount payable if the Owner, or the Annuitant if the Owner is not a Natural Person, dies before annuity payments begin, is equal to the Cash Surrender Value. The following options are available to each beneficiary: 
  • Lump Sum 
  • Distributed within five years 
  • Installment payments using a Settlement Option 
  • Enhanced Death Benefit Option 
    • Receive the Benefit Base payable in equal periodic payments over 5 years 
    • Benefit Base receives a Roll-up Rate equal to 150% of the Net Interest Rate 

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