Synergy Choice 2
Synergy Choice 2
Multi-Year Guarantee Annuity
Issuing Insurance Company and Ratings
The Synergy Choice 2 is a deferred multi-year guarantee annuity issued by Aspida Life Insurance Company.
This annuity is a premium banded product. The interest rate you earn will vary depending on the amount of premium you deposit (see Rate Details below). Currently, the highest 2 year guarantee period annual yield is 4.25% on premium amounts of $100,000 – $1,000,000. 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 Synergy Choice 2 has a full penalty free withdrawal window after 2 years.
Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.
Aspida Life Insurance Company is rated “A-” by A.M. Best, was founded in 1956, and has over $21 million in total assets.
Nov 7th, 2022
Premium Amount: $100,000 - $1,000,000 High-Band
|2 Year Guarantee Period Annual Yield:||4.25%|
|Interest rate start of year 1 through end of year 2:||4.25%|
Premium Amount: $25,000 - $99,999 Low-Band
|2 Year Guarantee Period Annual Yield:||4.10%|
|Interest rate start of year 1 through end of year 2:||4.10%|
Initial Surrender Charge and MVA Periods
Early Surrender Charges: 2 years
Market Value Adjustment (MVA): 2 years
Penalty Free Full Withdrawal Window Available After: 2 years
State variations may exist, refer to product disclosure for details.
Min Premium Non-Qualified: $25,000
Max Premium Non-Qualified: $1,000,000
Max Issue Age Non-Qualified: 90
Rate Lock on Transfers: 45 days
Death Benefit: See Notes
Min Premium Qualified: $25,000
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: Annuitization
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.
Not available in: CA, CT, ME and NY (as of 11/07/2022)