Synergy Choice 2

Synergy Choice 2

Product Name

Synergy Choice 2

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

Aspida Life Insurance Company - View details

A-
(4th of 15 ratings)
Not Rated
Not Rated
Not Rated
59
(percentile of rated companies)

Product Information

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 3.55% 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.

Rate Details

Aug 29th, 2022
Not Scheduled
2 years

Premium Amount: $100,000 - $1,000,000 High-Band

Current
2 Year Guarantee Period Annual Yield: 3.55%
Interest rate start of year 1 through end of year 2: 3.55%

Premium Amount: $25,000 - $99,999 Low-Band

Current
2 Year Guarantee Period Annual Yield: 3.40%
Interest rate start of year 1 through end of year 2: 3.40%

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. 

Policy 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.

State Variations

Not available in:  CA, CT, ME, NV, NH, NY, NC, VA and WA (as of 08/25/2022)