ECAccumulate 5

ECAccumulate 5

Product Name

ECAccumulate 5

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

SBLI – The Savings Bank Mutual Life Insurance Company of Massachusetts - View details

(3rd of 15 ratings)
(7th of 20 ratings)
Not Rated
Not Rated
(percentile of rated companies)

Product Information

The ECAccumulate 5 is a deferred multi-year guarantee annuity issued by SBLI – Savings Bank Life Ins Co of MA.

The current 5 year guarantee period annual yield is 4.50% (see Rate Details below). This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The ECAccumulate 5 has a full penalty free withdrawal window after 5 years.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis.
Beginning with the first contract year, and each year thereafter, this annuity provides up to 5% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

SBLI – Savings Bank Life Ins Co of MA is rated “A” by A.M. Best, was founded in 1907, and has over $3.5 billion in total assets.

Rate Details

Sep 12th, 2022
Not Scheduled
5 years

Premium Amount: $25,000 - $1,000,000

5 Year Guarantee Period Annual Yield: 4.50%
Interest rate start of year 1 through end of year 5: 4.50%

Initial Surrender Charge and MVA Periods

Early Surrender Charges: 5 years
Market Value Adjustment (MVA): 5 years
Penalty Free Full Withdrawal Window Available After: 5 years

State variations may exist, refer to product disclosure for details. 

Other Guarantee Periods Available


Policy Details

Min Premium Non-Qualified: $25,000
Max Premium Non-Qualified: $1,000,000
Max Issue Age Non-Qualified: 85
Rate Lock on Transfers: 45 days
Death Benefit: Accumulation Value

Min Premium Qualified: $25,000
Max Premium Qualified: $1,000,000
Max Issue Age Qualified: 85
Subject to MVA: Yes
Income Rider Available: No

Penalty Free Withdrawal Provisions

First Year Withdrawals: 5%
Cumulative Withdrawals: No
Penalty Waivers: Death, Nursing Home and Terminal Illness

Years 2+ Withdrawals: 5%
RMD Friendly: Yes

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  MT and NY (as of 09/07/2021)