Personal Choice Annuity 10 (CA, FL)

Personal Choice Annuity 10 (CA, FL)

Product Name

Personal Choice Annuity 10 (CA, FL)

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

Sentinel Security Life Insurance Company - View details

B++
(5th of 15 ratings)
Not Rated
Not Rated
Not Rated
Not Ranked

Product Information

The Personal Choice Annuity 10 is a deferred multi-year guarantee annuity issued by Sentinel Security Life Insurance Company.

The current 10 year guarantee period annual yield is 4.65% (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 Personal Choice Annuity 10 has a full penalty free withdrawal window after 10 years.

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.

Sentinel Security Life Insurance Company is rated “B++” by A.M. Best, was founded in 1948, and has over $858 million in total assets.

Rate Details

Sep 12th, 2022
Not Scheduled
10 years

Premium Amount: $2,500 - $1,000,000

Current
10 Year Guarantee Period Annual Yield: 4.65%
Interest rate start of year 1 through end of year 10: 4.65%

Initial Surrender Charge and MVA Periods

Early Surrender Charges: 10 years
Market Value Adjustment (MVA): 10 years
Penalty Free Full Withdrawal Window Available After: 10 years

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

Other Guarantee Periods Available

N/A

Policy Details

Min Premium Non-Qualified: $2,500
Max Premium Non-Qualified: $1,000,000
Max Issue Age Non-Qualified: 90
Rate Lock on Transfers: 45 days
Death Benefit: Accumulation Value

Min Premium Qualified: $2,500
Max Premium Qualified: $1,000,000
Max Issue Age Qualified: 90
Subject to MVA: Yes
Income Rider Available: No

Penalty Free Withdrawal Provisions

First Year Withdrawals: See Notes
Cumulative Withdrawals: No
Penalty Waivers: Death

Years 2+ Withdrawals: See Notes
RMD Friendly: No

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

State Variations

Available only in:  CA and FL (as of 04/29/2019)