Aspida Life Synergy Choice 3
Current Fixed Rates
| 5.25% | $100,000 | — | $1,000,000 |
| 5.10% | $25,000 | — | $99,999 |
The Aspida Life Synergy Choice 3 is a single-premium fixed annuity with a five-year rate guarantee and an MVA provision. After five years, the full account value is available for withdrawal, transfer, or reinvestment. If no action is taken at maturity, the entire account balance remains completely liquid and is credited a minimum guaranteed interest rate.
Two rate bands are offered. The highest rates are for amounts above $100K, and lower rates are available for deposits between $25K and $99.9K. Two optional free withdrawal riders are available. Free interest withdrawals decrease the yearly rate by 0.10%, while 10% free withdrawals lower the rate by 0.20%.
The owner must also be the annuitant unless a trust owns the policy. Joint annuitants are allowed and accepted. This account accepts both qualified (Traditional and Roth IRAs) and non-qualified assets. Most rollover, transfer, and 1035 exchange types are accepted. There are no surrender charges upon death.
More Annuity options from: Aspida Life
Notable Features
Optional Free Interest Withdrawal and 10% Free Withdrawal riders are available, but they reduce the annual rate accordingly. The policy can be annuitized (a guaranteed income stream) penalty-free after 12 months. A Market Value Adjustment feature is automatically included. Please see the brochure for more details.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
3 Years
Free Withdrawals Yr1 / Yr2+
Optional
Surrender Schedule
9%, 8%, 7%, 0%
Maximum Age
90
Minimum Investment
$100,000
Maximum Investment
$2,000,000 without prior approval
What We Like About This Annuity
This is a short two-year fixed annuity from a well-rated insurance company and is available in most states. The account does not automatically renew for a new term at maturity. There are no surrender penalties upon the passing of the owner/annuitant. Joint annuitants and corporate annuity ownership are allowed.
Other Popular Products
Aspida offers several multi-year guaranteed annuities, including Advisory & Weathlock lines of business. They also offer competitive fixed-indexed annuity accounts with unique indexing options and S&P 500 rate locks for maximum growth potential.
About Aspida Life
Aspida Life
AM Best Rating: A- Excellent (4th of 13 ratings)
https://aspida.com/
About Aspida Life Insurance Company
Aspida Life was founded in 2020, holds an A- rating with AM Best, and manages over $27 billion in total assets. They are a technology-driven annuity provider built to ease investing for consumers and brokers alike. They use a paperless, digital platform to increase speed from application submission to annuity policy placement. Their stated goal is to provide more returns with less risk for their policyholders.
Headquartered in Durham, NC, they are backed by Ares Management Corporation, which boasts $596 billion of assets under management. Ares is a global investment manager specializing in investment solutions across several different asset classes. Prompt and knowledgeable customer service is one of their hallmarks.