Sentinel Life Personal Choice Annuity 10
Current Fixed Rate
6.05%
The Sentinel Security Life Personal Choice Annuity 10 is a single premium, fixed annuity with a ten-year rate guarantee. After ten years, owners have a 30-day window to withdraw, transfer, or renew their full policy value. If no action is taken, a new term will begin.
This contract, offered with a higher initial rate, allows consumers to choose which riders they want added to it. If surrender free interest, 10% account value, and death benefit withdrawals are added to the contract, they will all reduce the yearly rate.
Qualified and non-qualified funds are accepted. Rates and terms differ in California, Florida, and Minnesota. Residents of those states can contact us for more details.
More Annuity options from: Sentinel Security Life
Notable Features
Several withdrawal riders available at cost, including: Accumulated Interest, 10% free yearly, RMDs, terminal illness/nursing home care, and surrender-free death benefit. Adding any feature will reduce the yearly interest rate.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
10 Years
Free Withdrawals Yr1 / Yr2+
0% / 0%
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0%
Maximum Age
85
Minimum Investment
$5,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
This is a customizable annuity with a small required minimum investment. Owners can riders (if any) that are most important to them. Adding no riders allows for maximum growth potential. Spousal continuance option is available at no cost.
Other Popular Products
Sentinel Life offers popular fixed-indexed annuities for growth and income. Their Summit Bonus and Personal Choice Plus are popular with investors looking for higher growth potential. Additionally, their Vantage Life final expense insurance is very competitive for covering funeral expenses.
About Sentinel Security Life
Sentinel Security Life
AM Best Rating: B Fair (7th of 13 ratings)
https://www.sslco.com/
About Sentinel Security Life Insurance Company
Sentinel was founded in 1948 and has evolved through the years to meet consumers’ insurance needs. They’re located in Salt Lake City, UT and offer a wide array of insurance products.
Originally, they offered only final expense life insurance, but now specialize in both fixed, indexed, and income annuities. They partner with their sister company, Atlantic Coast Life, to provide savings and investment products across the US.