Personal Choice (State Variation) ages 60+
The Personal Choice Annuity from Sentinel Security Life Insurance offers retirees a customized approach to secure their future. Its key charm lies in its flexibility; you select only the features and riders you need, ensuring you never pay for anything unnecessary.
Whether you pick a three, five, seven, or ten-year plan, it allows you instant access to your funds. Plus, the inclusion of optional riders which waive surrender charges and Market Value Adjustments in specific situations is a reassuring addition. Lastly, with a strong historical foundation dating back to 1948, Sentinel Security stands as a trusted name in retirement solutions.
Personal Choice (State Variation) ages 60+
Ratings:
- A.M. Best B++
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.8% |
| 5 years | 4.95% |
| 7 years | 4.8% |
| 10 years | 4.65% |
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.
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