Personal Choice (Most States)
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.
Personal Choice (Most States)
Ratings:
- A.M. Best B++
About Product
MYGA Interest Rates
Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
---|---|
3 years | 4.95% |
5 years | 5.05% |
7 years | 4.9% |
10 years | 4.75% |
Market Value Adjustment (MVA)
The MVA is specified in the contract. The MVA expires at the end of each Guarantee Period and reinstates when the annuity rolls into a new Guarantee Period.
Optional Riders and Cost
Required Minimum Distribution - 0.16% interest reduction
Preferred 10% Free Withdrawal - 0.08% interest reduction
Terminal Illness/Nursing Home Care - 0.15% interest reduction
72(t) Free Withdrawal - 0.05% interest reduction
Death Benefit Feature - 0.35% interest reduction
Accumulated Interest Withdrawal - 0.08% interest reduction
Death Benefit Feature is required in California and Florida and is priced into the California and Florida rates. All California and Florida contracts are issued with the Death Benefit Feature.
Minnesota contracts do not include Market Value Adjustments (MVA). All Owners 86-90 are required to purchase the Death Benefit Rider in all states except California and Florida.
Nursing Home Rider/Terminal Illness Rider Not Available in California, Florida, and Pennsylvania.
Riders
Name | Inbuilt | Fee |
---|---|---|
RMD Fee | No | 0.16% rate reduction |
Preferred 10% Free Withdrawal | No | 0.08% rate reduction |
Accumulated Interest Withdrawal | No | 0.08% rate reduction |
Terminal Illness/ Nursing Home Care | No | 0.15% rate reduction |
Death Benefit Feature Age: 86- 90 | Yes | 0.35% rate reduction |
72 (t) Free Withdrawal | No | 0.05% rate reduction |
Waivers
Surrender Window
30 days prior to the end of any guarantee period Surrender Charges and MVA will not apply.