Frequently Asked Questions

Here you’ll find the answers to our most frequently asked questions.

General FAQ's

How can I see my account information?

From the POLICYHOLDER tab, click on SIGN IN you can create an account to have 24/7 access to your policy information. https://sslco.admin-portal.org/

OTHER HELPFUL GENERAL FAQ’s

  • How do I contact Sentinel Security Life?

  • Where do I get policy forms?

    The POLICYHOLDER tab, click FORMS. POLICYHOLDER > FORMS

  • How do I update my personal information?

    Use the supplied form from the FORMS page located under the POLICYHOLDER tab or call us to request the form. (Some updates can be made by phone.) POLICYHOLDER > FORMS

  • When are premium notices sent?

    Premium notices are sent approximately 15 days before the premium due date and will be for a quarterly, semiannual or annual amount.

Where do I get policy forms?

The POLICYHOLDER tab, click FORMS. POLICYHOLDER > FORMS

OTHER HELPFUL GENERAL FAQ’s

  • How do I contact Sentinel Security Life?

  • How can I see my account information?

    From the POLICYHOLDER tab, click on SIGN IN you can create an account to have 24/7 access to your policy information. https://sslco.admin-portal.org/

  • How do I update my personal information?

    Use the supplied form from the FORMS page located under the POLICYHOLDER tab or call us to request the form. (Some updates can be made by phone.) POLICYHOLDER > FORMS

  • When are premium notices sent?

    Premium notices are sent approximately 15 days before the premium due date and will be for a quarterly, semiannual or annual amount.

How do I update my personal information?

Use the supplied form from the FORMS page located under the POLICYHOLDER tab or call us to request the form. (Some updates can be made by phone.) POLICYHOLDER > FORMS

OTHER HELPFUL GENERAL FAQ’s

  • How do I contact Sentinel Security Life?

  • How can I see my account information?

    From the POLICYHOLDER tab, click on SIGN IN you can create an account to have 24/7 access to your policy information. https://sslco.admin-portal.org/

  • Where do I get policy forms?

    The POLICYHOLDER tab, click FORMS. POLICYHOLDER > FORMS

  • When are premium notices sent?

    Premium notices are sent approximately 15 days before the premium due date and will be for a quarterly, semiannual or annual amount.

When are premium notices sent?

Premium notices are sent approximately 15 days before the premium due date and will be for a quarterly, semiannual or annual amount.

OTHER HELPFUL GENERAL FAQ’s

  • How do I contact Sentinel Security Life?

  • How can I see my account information?

    From the POLICYHOLDER tab, click on SIGN IN you can create an account to have 24/7 access to your policy information. https://sslco.admin-portal.org/

  • Where do I get policy forms?

    The POLICYHOLDER tab, click FORMS. POLICYHOLDER > FORMS

  • How do I update my personal information?

    Use the supplied form from the FORMS page located under the POLICYHOLDER tab or call us to request the form. (Some updates can be made by phone.) POLICYHOLDER > FORMS

Accumulation Protector PlusSMAnnuity

What makes the Accumulation Protector PlusSM (APP) Annuity unique?

The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*
The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.
Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.
*The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

What is the CS Momentum Index?

The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.
The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.
Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

What is CS ESG Macro 5 Index?

The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.
With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.
The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.
Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG
*The Credit Suisse ESG Macro 5 Index is not available in the state of California.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index(Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Indexand the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Indexand the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Indexcrediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Indexdiversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Indextakes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Indexare guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index Index?

    The CS Momentum Indexis a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Indexwas designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Indexcan create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Indexis exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Indexbrochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

Are penalty-free withdrawals available?

In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

    What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

What are the benefits of the Rate Enhancement Rider?

The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.
There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

When is the earliest I can start receiving annuity payments?

In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year. 

There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

What death benefit would be paid to my beneficiary?

The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.
For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
  1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
  2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
  3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

Lifetime Income Only

With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

Period Certain Only

This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

Lifetime Income with Guaranteed Period Certain

This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

What if I need money due to severe illness?

If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

*This feature is not available in the state of California.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

When can I reallocate my account value?

The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

What are my options after the 10-year surrender period ends?

The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

How does the bonus become fully vested?

When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

    The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.

     

    If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    Is the Accumulation Protector PlusSM Annuity Right for You?

     

    • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
    • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
    • You like to protect your hard earned money.
    • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
    • You enjoy having lots of flexible allocation options when growing your money.
    • Access to two global, risk-monitored indices with diversified portfolios.
    • You are thinking about retiring soon or have retired.

     

How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?

The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income.
If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for!
There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.
Is the Accumulation Protector PlusSM Annuity Right for You?
  • You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
  • You are looking for a long-term strategy to grow your principal (ideally around 10 years).
  • You like to protect your hard earned money.
  • You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
  • You enjoy having lots of flexible allocation options when growing your money.
  • Access to two global, risk-monitored indices with diversified portfolios.
  • You are thinking about retiring soon or have retired.

Other Helpful Accumulation Protector PlusSM Annuity FAQ’S

  • What is the Accumulation Protector PlusSM (APP) Annuity?

    The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*

     

    *The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.

     

  • What makes the Accumulation Protector PlusSM (APP) Annuity unique?

    The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*

     

    The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments.

     

    Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.

     

    *The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Sentinel Security Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

     

  • What is the CS Momentum Index?

    The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time.

     

    The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends.

     

    Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.  To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.

  • What is CS ESG Macro 5 Index?

    The CS ESG Macro 5 Index, a global multi-asset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time.

     

    With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI.

     

    The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure.

     

    Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG

     

  • How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?

    Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.

     

    You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).

     

    *If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.

  • How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?

    You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.

     

    The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.

     

  • Are penalty-free withdrawals available?

    In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.

  • What are the benefits of the Rate Enhancement Rider?

    The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.

     

    There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.

     

    The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.

  • When is the earliest I can start receiving annuity payments?

    In all states other than Florida, annuity payments may begin after the fifth contract year.  In Florida, annuity payments may begin after the first contract year.

  • What death benefit would be paid to my beneficiary?

    The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    For contracts issued in the state of California, the death benefit payable to your beneficiary(ies) is equal to the greater of the Account Value or the Minimum Guaranteed Surrender Value determined as of the date of death.

     

    No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:

     

    1. Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
    2. Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
    3. Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.

     

    *Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.

  • What Settlement Options are available with the Accumulation Protector PlusSM Annuity?

    Lifetime Income Only

    With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.

     

    Period Certain Only

    This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.

     

    Lifetime Income with Guaranteed Period Certain

    This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.

  • What if I need money due to severe illness?

    If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.*

     

    *This feature is not available in the state of California.

  • When can I reallocate my account value?

    The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.

  • What are my options after the 10-year surrender period ends?

    The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.

  • How does the bonus become fully vested?

    When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.

Guaranteed Income Annuity

Can I add additional money to the GIA?

Yes, additional premium may be added to the annuity during the first contract year.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    What is SOFR? The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

What is the Interest Rate on the GIA?

Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year.

Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

What is the SOFR?

The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

Can I make withdrawals without penalty?

During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of LIBOR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 2 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the that contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

What happens if I need to withdraw more than the penalty free amount?

Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

What happens to my annuity at the end of my surrender period?

Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application.

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application.

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

What riders are available with the GIA Annuity?

There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:
  • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
  • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
  • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application.

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

What are the issue ages for the GIA?

The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:
  • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
  • Legacy Benefit Rider: 45-85
  • Accumulation Benefit Rider: 0-85

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application.

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

Do I receive a Premium Bonus with the GIA Annuity?

If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value. Legacy Benefit Rider
Owner’s Issue Age 10 Year Surrender Period
Under 76 8%
76-80 6%
81-85 1%

Accumulation Benefit Rider:

Owner’s Issue Age 10 Year Surrender Period
Under 76 8%
76-80 6%
81-85 6%

*If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 11% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application.

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

When would a death claim be paid to my beneficiary(ies)?

A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application.

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

What is paid to my beneficiaries and what options do they have at the time of death?

The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:
  • Lump Sum
  • Deffered payout within 5 years
  • Period certain periodic payments with a minimum of 5 years
  • Life periodic payments for the life of the beneficiary
  • Life periodic payments with a guaranteed period certain
* Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application.

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

How old do I have to be to elect to start the guaranteed income payments?

With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application.

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

Am I able to get more than my guaranteed income payments in a time of need?

Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application.

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

    You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

What happens if my account value goes below the minimum premium of $2500, but I am receiving guaranteed income payouts?

You will continue to receive your guaranteed income payouts for the rest of your life, even if your account value is depleted completely.

OTHER HELPFUL GUARANTEED INCOME ANNUITY FAQ’S

  • What are the GIA minimum and maximum premium amounts?

    The minimum premium required to open a GIA policy is $5,000. Anything over $1,000,000 requires a Home Office approval prior to application.

  • Can I add additional money to the GIA?

    Yes, additional premium may be added to the annuity during the first contract year.

  • What is the Interest Rate on the GIA?

    Interest on the Initial Purchase Premium is calculated based off a participation rate of SOFR and recalculated every 3 months. The participation rate is guaranteed for the initial guarantee period of 1 years. After the initial guarantee period, the participation rate is subject to change on each contract year and is guaranteed for the contract year. Interest on Subsequent Purchase Premium is a fixed rate during the initial guarantee period of 1 years. After the initial guarantee period, Subsequent Purchase Premium will earn interest the same as the Initial Purchase Premium.

  • What is SOFR?

    The Secured Overnight Financing Rate, or SOFR, is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.

  • Can I make withdrawals without penalty?

    During the first contract year of the Surrender Period, the RMD may be with withdrawn without any penalty on IRA funds. After the first contract year, 10% of the Purchase Premium may be withdrawn without any penalty each contract year. No penalties apply to any distribution or surrender after the Surrender Period.

  • What happens if I need to withdraw more than the penalty free amount?

    Durring the Surrender Period, any withdrawal in excess of the penalty free amount will have Surrender charges, Market Value Adjustment and any non-vested premium bonuses apply. When you are applying for the GIA annuity, you may elect to have either a 10 year surrender period or a 14 year surrender period.

  • What happens to my annuity at the end of my surrender period?

    Once the surrender period is over there are no surrender charges, Market Value Adjustment, or any non-forfeiture of premium bonus. Your annuity will continue to earn interest defered until a death benefit is paid, withdrawal or surrender is processed, or request is made for guaranteed income to begin depending on the rider that is selected. 

  • Would I be able to take money without penalty during the surrender period if I have significant changes to my health?

    The GIA annuity does allow for withdrawals to be made without any penalty if you are confined to a Nursing Home for 90 consecutive days or been diagnosed with a medical condition which a physician certifies has reduced your life span to 12 months or less. *Restrictions may apply.

  • What riders are available with the GIA Annuity?

    There are three riders that are available to be elected with the GIA annuity. One rider must be elected at the time of application. The three riders are:

    • Guaranteed Lifetime Withdrawal Benefit Rider: Provides a guaranteed stream of income.
    • Legacy Benefit Rider: Provides the potential to have a higher death benefit for beneficiaries.
    • Accumulation Benefit Rider: Provides the opportunity for growth while providing  some of the benefits of the other riders including a guaranteed stream of income and potential to have a higher death benefit.

  • What are the issue ages for the GIA?

    The issue ages are dependent on the rider that is elected. The issue ages for each rider are as follow:

    • Guaranteed Lifetime Withdrawal Benefit Rider: 40-85
    • Legacy Benefit Rider: 45-85
    • Accumulation Benefit Rider: 0-85

  • Do I receive a Premium Bonus with the GIA Annuity?

    If the Legacy Benefit Rider or the Accumulation Benefit Rider are elected at the time of application, a premium bonus is deposited to the Accumulation Value and the Benefit Base Value.

    Legacy Benefit Rider

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 8%
    76-80 6% 7%
    81-85 1% 2%

     

    Accumulation Benefit Rider:

    Owner’s Issue Age 10 Year Surrender Period 14 Year Surrender Period
    Under 76 8% 10%
    76-80 6% 7%
    81-85 6% 6%

     

    *If the Guaranteed Lifetime Withdrawal Benefit Rider is elected, an 8% bonus is deposited to the Income Account Value. No Premium Bonus is deposited to the Accumulation Value with this rider.

  • When would a death claim be paid to my beneficiary(ies)?

    A death claim is paid when any owner passes away. Each beneficiary would need to complete the Claim Form.

  • What is paid to my beneficiaries and what options do they have at the time of death?

    The entire Accumulation Value is paid to the beneficiary(ies) at time of death. Each beneficiary is able to elect one of the following options:

    • Lump Sum
    • Deffered payout within 5 years
    • Period certain periodic payments with a minimum of 5 years
    • Life periodic payments for the life of the beneficiary
    • Life periodic payments with a guaranteed period certain

    * Please see Legacy Benefit Rider and Accumulation Benefit Rider Inserts for more information regarding the Legacy Benefits.

  • How old do I have to be to elect to start the guaranteed income payments?

    With both the Guaranteed Lifetime Withdrawal Benefit Rider and the Accumulation Benefit Rider, the owner must be at least 50 years old before they may begin income payments.

  • Am I able to get more than my guaranteed income payments in a time of need?

    Yes, after a waiting period, if you are ever unable to perform two of the six activities of daily living, you may request to double your income payments for up to 5 years. After 5 years, the income payments will go back to your original guaranteed amount.

Final Expense

What will happen if my premium payment is late?

You have a 30 day grace period to make a premium payment before your policy lapses.

OTHER HELPFUL FINAL EXPENSE FAQ’S

  • What payment methods are available to make premium payments?

    At this time we accept ACH, Checks, cashier’s Checks, Credit/ Debit Cards, and Money orders.

    ACH or bank drafts can be set up for Automatic Monthly draft. All other forms of payment need to be called or mailed in.

  • How do I change the owner on my policy?

    Fill out the Owner Change Form which can be downloaded from the FORMS page located under the POLICYHOLDER tab or download the file directly: Owner_Change_Form.pdf

    If it will be a non-natural owner like a funeral home or trust you will need to include a corporate resolution or the trust documents.

  • Can I take a loan against my policy?

    Please call us for available loan amount.

  • How do I make payments on my policy loan?

    We can set up monthly automatic ACH loan payments, call us for the form. 

    Credit/ Debit cards called in.

    Check or money orders mailed in. Please make sure to put LOAN PAYMENT on any mailed payments.

  • What happens if I can’t make my premium payments?

    Depending on the policy you have the following options

    1. Have an extended term amount for a certain period of time.
    2. A loan to pay premiums.
    3. Take a reduced death benefit to have a paid up amount.

     

    Please call us for your specific policy options.

  • What is final expense insurance?

    A lower amount of insurance coverage designed to pay for final expenses like funeral or burial costs. It is not associated with a specific funeral home or mortuary.

  • What will my Beneficiaries need to do when I pass away?

    Call us with the policy number or as much information on the insured as possible.

What payment methods are available to make premium payments?

Fill out the Owner Change Form which can be downloaded from the FORMS page located under the POLICYHOLDER tab or download the file directly: Owner_Change_Form.pdf
If it will be a non-natural owner like a funeral home or trust you will need to include a corporate resolution or the trust documents.

OTHER HELPFUL FINAL EXPENSE FAQ’S

  • What payment methods are available to make premium payments?

    At this time we accept ACH, Checks, cashier’s Checks, Credit/ Debit Cards, and Money orders.

    ACH or bank drafts can be set up for Automatic Monthly draft. All other forms of payment need to be called or mailed in.

  • What will happen if my premium payment is late?

    You have a 30 day grace period to make a premium payment before your policy lapses.

  • Can I take a loan against my policy?

    Please call us for available loan amount.

  • How do I make payments on my policy loan?

    We can set up monthly automatic ACH loan payments, call us for the form. 

    Credit/ Debit cards called in.

    Check or money orders mailed in. Please make sure to put LOAN PAYMENT on any mailed payments.

  • What happens if I can’t make my premium payments?

    Depending on the policy you have the following options

    1. Have an extended term amount for a certain period of time.
    2. A loan to pay premiums.
    3. Take a reduced death benefit to have a paid up amount.

     

    Please call us for your specific policy options.

  • What is final expense insurance?

    A lower amount of insurance coverage designed to pay for final expenses like funeral or burial costs. It is not associated with a specific funeral home or mortuary.

  • What will my Beneficiaries need to do when I pass away?

    Call us with the policy number or as much information on the insured as possible.

Can I take a loan against my policy?

Please call us for available loan amount.

OTHER HELPFUL FINAL EXPENSE FAQ’S

  • What payment methods are available to make premium payments?

    At this time we accept ACH, Checks, cashier’s Checks, Credit/ Debit Cards, and Money orders.


    ACH or bank drafts can be set up for Automatic Monthly draft. All other forms of payment need to be called or mailed in.


  • What will happen if my premium payment is late?

    You have a 30 day grace period to make a premium payment before your policy lapses.

  • How do I change the owner on my policy?

    Fill out the Owner Change Form which can be downloaded from the FORMS page located under the POLICYHOLDER tab or download the file directly: Owner_Change_Form.pdf

    If it will be a non-natural owner like a funeral home or trust you will need to include a corporate resolution or the trust documents.

  • How do I make payments on my policy loan?

    We can set up monthly automatic ACH loan payments, call us for the form. 

    Credit/ Debit cards called in.

    Check or money orders mailed in. Please make sure to put LOAN PAYMENT on any mailed payments.

  • What happens if I can’t make my premium payments?

    Depending on the policy you have the following options

    1. Have an extended term amount for a certain period of time.
    2. A loan to pay premiums.
    3. Take a reduced death benefit to have a paid up amount.

     

    Please call us for your specific policy options.

  • What is final expense insurance?

    A lower amount of insurance coverage designed to pay for final expenses like funeral or burial costs. It is not associated with a specific funeral home or mortuary.

  • What will my Beneficiaries need to do when I pass away?

    Call us with the policy number or as much information on the insured as possible.

How do I make payments on my policy loan?

We can set up monthly automatic ACH loan payments, call us for the form.
Credit/ Debit cards called in.
Check or money orders mailed in. Please make sure to put LOAN PAYMENT on any mailed payments.

OTHER HELPFUL FINAL EXPENSE FAQ’S

  • What payment methods are available to make premium payments?

    At this time we accept ACH, Checks, cashier’s Checks, Credit/ Debit Cards, and Money orders.

    ACH or bank drafts can be set up for Automatic Monthly draft. All other forms of payment need to be called or mailed in.

  • What will happen if my premium payment is late?

    You have a 30 day grace period to make a premium payment before your policy lapses.

  • How do I change the owner on my policy?

    Fill out the Owner Change Form which can be downloaded from the FORMS page located under the POLICYHOLDER tab or download the file directly: Owner_Change_Form.pdf

    If it will be a non-natural owner like a funeral home or trust you will need to include a corporate resolution or the trust documents.

  • Can I take a loan against my policy?

    Please call us for available loan amount.

  • What happens if I can’t make my premium payments?

    Depending on the policy you have the following options

    1. Have an extended term amount for a certain period of time.
    2. A loan to pay premiums.
    3. Take a reduced death benefit to have a paid up amount.

     

    Please call us for your specific policy options.

  • What is final expense insurance?

    A lower amount of insurance coverage designed to pay for final expenses like funeral or burial costs. It is not associated with a specific funeral home or mortuary.

  • What will my Beneficiaries need to do when I pass away?

    Call us with the policy number or as much information on the insured as possible.

What payment methods are available to make premium payments?

Depending on the policy you have the following options
  1. Have an extended term amount for a certain period of time.
  2. A loan to pay premiums.
  3. Take a reduced death benefit to have a paid up amount.
Please call us for your specific policy options.

OTHER HELPFUL FINAL EXPENSE FAQ’S

  • What payment methods are available to make premium payments?

    At this time we accept ACH, Checks, cashier’s Checks, Credit/ Debit Cards, and Money orders.

    ACH or bank drafts can be set up for Automatic Monthly draft. All other forms of payment need to be called or mailed in.

  • What will happen if my premium payment is late?

    You have a 30 day grace period to make a premium payment before your policy lapses.

  • How do I change the owner on my policy?

    Fill out the Owner Change Form which can be downloaded from the FORMS page located under the POLICYHOLDER tab or download the file directly: Owner_Change_Form.pdf

    If it will be a non-natural owner like a funeral home or trust you will need to include a corporate resolution or the trust documents.

  • Can I take a loan against my policy?

    Please call us for available loan amount.

  • How do I make payments on my policy loan?

    We can set up monthly automatic ACH loan payments, call us for the form. 

    Credit/ Debit cards called in.

    Check or money orders mailed in. Please make sure to put LOAN PAYMENT on any mailed payments.

  • What is final expense insurance?

    A lower amount of insurance coverage designed to pay for final expenses like funeral or burial costs. It is not associated with a specific funeral home or mortuary.

  • What will my Beneficiaries need to do when I pass away?

    Call us with the policy number or as much information on the insured as possible.

What is final expense insurance?

A lower amount of insurance coverage designed to pay for final expenses like funeral or burial costs. It is not associated with a specific funeral home or mortuary.

OTHER HELPFUL FINAL EXPENSE FAQ’S

  • What payment methods are available to make premium payments?

    At this time we accept ACH, Checks, cashier’s Checks, Credit/ Debit Cards, and Money orders.

    ACH or bank drafts can be set up for Automatic Monthly draft. All other forms of payment need to be called or mailed in.

  • What will happen if my premium payment is late?

    You have a 30 day grace period to make a premium payment before your policy lapses.

  • How do I change the owner on my policy?

    Fill out the Owner Change Form which can be downloaded from the FORMS page located under the POLICYHOLDER tab or download the file directly: Owner_Change_Form.pdf

    If it will be a non-natural owner like a funeral home or trust you will need to include a corporate resolution or the trust documents.

  • Can I take a loan against my policy?

    Please call us for available loan amount.

  • How do I make payments on my policy loan?

    We can set up monthly automatic ACH loan payments, call us for the form. 

    Credit/ Debit cards called in.

    Check or money orders mailed in. Please make sure to put LOAN PAYMENT on any mailed payments.

  • What happens if I can’t make my premium payments?

    Depending on the policy you have the following options

    1. Have an extended term amount for a certain period of time.
    2. A loan to pay premiums.
    3. Take a reduced death benefit to have a paid up amount.

     

    Please call us for your specific policy options.

  • What will my Beneficiaries need to do when I pass away?

    Call us with the policy number or as much information on the insured as possible.

What will my Beneficiaries need to do when I pass away?

Call us with the policy number or as much information on the insured as possible.

OTHER HELPFUL FINAL EXPENSE FAQ’S

  • What payment methods are available to make premium payments?

    At this time we accept ACH, Checks, cashier’s Checks, Credit/ Debit Cards, and Money orders.

    ACH or bank drafts can be set up for Automatic Monthly draft. All other forms of payment need to be called or mailed in.

  • What will happen if my premium payment is late?

    You have a 30 day grace period to make a premium payment before your policy lapses.

  • How do I change the owner on my policy?

    Fill out the Owner Change Form which can be downloaded from the FORMS page located under the POLICYHOLDER tab or download the file directly: Owner_Change_Form.pdf

    If it will be a non-natural owner like a funeral home or trust you will need to include a corporate resolution or the trust documents.

  • Can I take a loan against my policy?

    Please call us for available loan amount.

  • How do I make payments on my policy loan?

    We can set up monthly automatic ACH loan payments, call us for the form. 

    Credit/ Debit cards called in.

    Check or money orders mailed in. Please make sure to put LOAN PAYMENT on any mailed payments.

  • What happens if I can’t make my premium payments?

    Depending on the policy you have the following options

    1. Have an extended term amount for a certain period of time.
    2. A loan to pay premiums.
    3. Take a reduced death benefit to have a paid up amount.

     

    Please call us for your specific policy options.

  • What is final expense insurance?

    A lower amount of insurance coverage designed to pay for final expenses like funeral or burial costs. It is not associated with a specific funeral home or mortuary.

Personal Choice MYGA

If I take out money will I have any penalties or fees?

If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I take my RMD (Required Minimum Distribution)?

    Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.

    The form can be found on the resources tab or be mailed to you by calling us to request it.

  • How do I change my beneficiary?

    The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

  • Will taxes be withheld from my distribution?

    If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

  • How do my beneficiaries submit a claim?

    They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.

    1. If there is no death benefit rider surrender charges may apply.

  • What happens at the end of my 3, 5, 7, or 10 year contract?

    1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
    2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

  • When are statements sent?

    Annual statements are mailed to you the day after the anniversary date.

  • How is interest calculated?

    Interest is compounded daily credited yearly.

  • How can I get a quote or an illustration?

    You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

  • What is your current interest rate?

    The most current rate can be found on our Personal Choice Annuity Product page or Current Rates page.

  • What tax forms do you send out?

    1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.

    5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

How do I take my RMD (Required Minimum Distribution)?

Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.
The form can be found on the resources tab or be mailed to you by calling us to request it.

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • How long will it take to get my money?

    Our standard processing time is 7-10 business days from receipt of the completed form.

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I change my beneficiary?

    The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

  • Will taxes be withheld from my distribution?

    If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

  • How do my beneficiaries submit a claim?

    They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.

    1. If there is no death benefit rider surrender charges may apply.

  • What happens at the end of my 3, 5, 7, or 10 year contract?

    1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
    2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

  • When are statements sent?

    Annual statements are mailed to you the day after the anniversary date.

  • How is interest calculated?

    Interest is compounded daily credited yearly.

  • How can I get a quote or an illustration?

    You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

  • What is your current interest rate?

    The most current rate can be found on our Personal Choice Annuity Product page, Current Rates page, or Agent Resources page.

  • What tax forms do you send out?

    1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.

    5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

How do I change my beneficiary?

The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • How long will it take to get my money?

    Our standard processing time is 7-10 business days from receipt of the completed form.

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I take my RMD (Required Minimum Distribution)?

    Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.

    The form can be found on the resources tab or be mailed to you by calling us to request it.

  • Will taxes be withheld from my distribution?

    If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

  • How do my beneficiaries submit a claim?

    They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.

    1. If there is no death benefit rider surrender charges may apply.

  • What happens at the end of my 3, 5, 7, or 10 year contract?

    1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
    2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

  • When are statements sent?

    Annual statements are mailed to you the day after the anniversary date.

  • How is interest calculated?

    Interest is compounded daily credited yearly.

  • How can I get a quote or an illustration?

    You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

  • What is your current interest rate?

    The most current rate can be found on our Personal Choice Annuity Product page or Current Rates page.

  • What tax forms do you send out?

    1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.

    5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

Will taxes be withheld from my distribution?

If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • How long will it take to get my money?

    Our standard processing time is 7-10 business days from receipt of the completed form.

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I take my RMD (Required Minimum Distribution)?

    Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.

    The form can be found on the resources tab or be mailed to you by calling us to request it.

  • How do I change my beneficiary?

    The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

  • How do my beneficiaries submit a claim?

    They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.

    1. If there is no death benefit rider surrender charges may apply.

  • What happens at the end of my 3, 5, 7, or 10 year contract?

    1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
    2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

  • When are statements sent?

    Annual statements are mailed to you the day after the anniversary date.

  • How is interest calculated?

    Interest is compounded daily credited yearly.

  • How can I get a quote or an illustration?

    You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

  • What is your current interest rate?

    The most current rate can be found on our Personal Choice Annuity Product page or Current Rates page.

  • What tax forms do you send out?

    1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.

    5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

How do my beneficiaries submit a claim?

They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.
  1. If there is no death benefit rider surrender charges may apply.

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • How long will it take to get my money?

    Our standard processing time is 7-10 business days from receipt of the completed form.

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I take my RMD (Required Minimum Distribution)?

    Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.

    The form can be found on the resources tab or be mailed to you by calling us to request it.

  • How do I change my beneficiary?

    The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

  • Will taxes be withheld from my distribution?

    If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

  • What happens at the end of my 3, 5, 7, or 10 year contract?

    1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
    2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

  • When are statements sent?

    Annual statements are mailed to you the day after the anniversary date.

  • How is interest calculated?

    Interest is compounded daily credited yearly.

  • How can I get a quote or an illustration?

    You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

  • What is your current interest rate?

    The most current rate can be found on our Personal Choice Annuity Product page or Current Rates page.

  • What tax forms do you send out?

    1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.

    5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

What happens at the end of my 3, 5, 7, or 10 year contract?

  1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
  2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • How long will it take to get my money?

    Our standard processing time is 7-10 business days from receipt of the completed form.

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I take my RMD (Required Minimum Distribution)?

    Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.

    The form can be found on the resources tab or be mailed to you by calling us to request it.

  • How do I change my beneficiary?

    The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

  • Will taxes be withheld from my distribution?

    If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

  • How do my beneficiaries submit a claim?

    They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.

    1. If there is no death benefit rider surrender charges may apply.

  • When are statements sent?

    Annual statements are mailed to you the day after the anniversary date.

  • How is interest calculated?

    Interest is compounded daily credited yearly.

  • How can I get a quote or an illustration?

    You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

  • What is your current interest rate?

    The most current rate can be found on our Personal Choice Annuity Product page or Current Rates page.

  • What tax forms do you send out?

    1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.

    5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

When are statements sent?

Annual statements are mailed to you the day after the anniversary date.

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • How long will it take to get my money?

    Our standard processing time is 7-10 business days from receipt of the completed form.

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I take my RMD (Required Minimum Distribution)?

    Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.

    The form can be found on the resources tab or be mailed to you by calling us to request it.

  • How do I change my beneficiary?

    The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

  • Will taxes be withheld from my distribution?

    If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

  • How do my beneficiaries submit a claim?

    They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.

    1. If there is no death benefit rider surrender charges may apply.

  • What happens at the end of my 3, 5, 7, or 10 year contract?

    1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
    2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

  • How is interest calculated?

    Interest is compounded daily credited yearly.

  • How can I get a quote or an illustration?

    You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

  • What is your current interest rate?

    The most current rate can be found on our Personal Choice Annuity Product page or Current Rates page.

  • What tax forms do you send out?

    1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.

    5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

How is interest calculated?

Interest is compounded daily credited yearly.

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • How long will it take to get my money?

    Our standard processing time is 7-10 business days from receipt of the completed form.

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I take my RMD (Required Minimum Distribution)?

    Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.

    The form can be found on the resources tab or be mailed to you by calling us to request it.

  • How do I change my beneficiary?

    The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

  • Will taxes be withheld from my distribution?

    If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

  • How do my beneficiaries submit a claim?

    They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.

    1. If there is no death benefit rider surrender charges may apply.

  • What happens at the end of my 3, 5, 7, or 10 year contract?

    1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
    2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

  • When are statements sent?

    Annual statements are mailed to you the day after the anniversary date.

  • How can I get a quote or an illustration?

    You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

  • What is your current interest rate?

    The most current rate can be found on our Personal Choice Annuity Product page or Current Rates page.

  • What tax forms do you send out?

    1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.

    5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

How can I get a quote or an illustration?

You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • How long will it take to get my money?

    Our standard processing time is 7-10 business days from receipt of the completed form.

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I take my RMD (Required Minimum Distribution)?

    Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.

    The form can be found on the resources tab or be mailed to you by calling us to request it.

  • How do I change my beneficiary?

    The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

  • Will taxes be withheld from my distribution?

    If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

  • How do my beneficiaries submit a claim?

    They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.

    1. If there is no death benefit rider surrender charges may apply.

  • What happens at the end of my 3, 5, 7, or 10 year contract?

    1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
    2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

  • When are statements sent?

    Annual statements are mailed to you the day after the anniversary date.

  • How is interest calculated?

    Interest is compounded daily credited yearly.

  • What is your current interest rate?

    The most current rate can be found on our Personal Choice Annuity Product page or Current Rates page.

  • What tax forms do you send out?

    1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.

    5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

What is your current interest rate?

Personal Choice Annuity Product page, Current Rates page, or Agent Resources page.

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • How long will it take to get my money?

    Our standard processing time is 7-10 business days from receipt of the completed form.

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I take my RMD (Required Minimum Distribution)?

    Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.

    The form can be found on the resources tab or be mailed to you by calling us to request it.

  • How do I change my beneficiary?

    The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

  • Will taxes be withheld from my distribution?

    If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

  • How do my beneficiaries submit a claim?

    They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.

    1. If there is no death benefit rider surrender charges may apply.

  • What happens at the end of my 3, 5, 7, or 10 year contract?

    1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
    2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

  • When are statements sent?

    Annual statements are mailed to you the day after the anniversary date.

  • How is interest calculated?

    Interest is compounded daily credited yearly.

  • How can I get a quote or an illustration?

    You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

  • What tax forms do you send out?

    1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.

    5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

What tax forms do you send out?

1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.
5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • How long will it take to get my money?

    Our standard processing time is 7-10 business days from receipt of the completed form.

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I take my RMD (Required Minimum Distribution)?

    Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.

    The form can be found on the resources tab or be mailed to you by calling us to request it.

  • How do I change my beneficiary?

    The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

  • Will taxes be withheld from my distribution?

    If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

  • How do my beneficiaries submit a claim?

    They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.

    1. If there is no death benefit rider surrender charges may apply.

  • What happens at the end of my 3, 5, 7, or 10 year contract?

    1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
    2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

  • When are statements sent?

    Annual statements are mailed to you the day after the anniversary date.

  • How is interest calculated?

    Interest is compounded daily credited yearly.

  • How can I get a quote or an illustration?

    You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

  • What is your current interest rate?

    The most current rate can be found on our Personal Choice Annuity Product page or Current Rates page.

Summit Bonus Fixed Index Annuity

What accounts should I allocate into?

We are not able to advise you. You will need to speak with an agent or financial advisor.

OTHER HELPFUL SUMMIT BONUS FIXED INDEX ANNUITY FAQ’S

  • When can I reallocate funds?

    1. Forms are sent out 90 days before your anniversary.
    2. Fill out the form and return it to us 30 days before your policy anniversary.

  • Do I have any penalty free funds available for withdrawal?

    1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
    2. After the first year you have up to 10% or your RMD available penalty free.

  • How is my bonus vested?

    Your entire bonus is not vested until the end of the 10 year contract period.

  • What is the death benefit?

    The death benefit is the same as the vested value as of the date of death.

  • How does the income rider work?

    1. Designed to give income for your lifetime once it is activated.
      • Income payments can be stopped and restarted once it is activated.
    2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.

  • What is the amount of income I can get?

    You will need to call us to get the amount of income available to you.

  • What is the roll up rate?

    Your roll up rate is contract specific. Please call us for your information or it is available in your policy.

  • What tax forms do you send out?

    1. 1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.
    2. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

Do I have any penalty free funds available for withdrawal?

  1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
  2. After the first year you have up to 10% or your RMD available penalty free.

OTHER HELPFUL SUMMIT BONUS FIXED INDEX ANNUITY FAQ’S

  • When can I reallocate funds?

    1. Forms are sent out 90 days before your anniversary.
    2. Fill out the form and return it to us 30 days before your policy anniversary.

  • What accounts should I allocate into?

    We are not able to advise you. You will need to speak with an agent or financial advisor.

  • How is my bonus vested?

    Your entire bonus is not vested until the end of the 10 year contract period.

  • What is the death benefit?

    The death benefit is the same as the vested value as of the date of death.

  • How does the income rider work?

    1. Designed to give income for your lifetime once it is activated.
      • Income payments can be stopped and restarted once it is activated.
    2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.

  • What is the amount of income I can get?

    You will need to call us to get the amount of income available to you.

  • What is the roll up rate?

    Your roll up rate is contract specific. Please call us for your information or it is available in your policy.

  • What tax forms do you send out?

    1. 1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.
    2. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

How is my bonus vested?

Your entire bonus is not vested until the end of the 10 year contract period.

OTHER HELPFUL SUMMIT BONUS FIXED INDEX ANNUITY FAQ’S

  • When can I reallocate funds?

    1. Forms are sent out 90 days before your anniversary.
    2. Fill out the form and return it to us 30 days before your policy anniversary.

  • What accounts should I allocate into?

    We are not able to advise you. You will need to speak with an agent or financial advisor.

  • Do I have any penalty free funds available for withdrawal?

    1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
    2. After the first year you have up to 10% or your RMD available penalty free.

  • What is the death benefit?

    The death benefit is the same as the vested value as of the date of death.

  • How does the income rider work?

    1. Designed to give income for your lifetime once it is activated.
      • Income payments can be stopped and restarted once it is activated.
    2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.

  • What is the amount of income I can get?

    You will need to call us to get the amount of income available to you.

  • What is the roll up rate?

    Your roll up rate is contract specific. Please call us for your information or it is available in your policy.

  • What tax forms do you send out?

    1. 1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.
    2. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

What is the death benefit?

The death benefit is the same as the vested value as of the date of death.

OTHER HELPFUL SUMMIT BONUS FIXED INDEX ANNUITY FAQ’S

  • When can I reallocate funds?

    1. Forms are sent out 90 days before your anniversary.
    2. Fill out the form and return it to us 30 days before your policy anniversary.

  • What accounts should I allocate into?

    We are not able to advise you. You will need to speak with an agent or financial advisor.

  • Do I have any penalty free funds available for withdrawal?

    1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
    2. After the first year you have up to 10% or your RMD available penalty free.

  • How is my bonus vested?

    Your entire bonus is not vested until the end of the 10 year contract period.

  • How does the income rider work?

    1. Designed to give income for your lifetime once it is activated.
      • Income payments can be stopped and restarted once it is activated.
    2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.

  • What is the amount of income I can get?

    You will need to call us to get the amount of income available to you.

  • What is the roll up rate?

    Your roll up rate is contract specific. Please call us for your information or it is available in your policy.

  • What tax forms do you send out?

    1. 1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.
    2. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

How does the income rider work?

  1. Designed to give income for your lifetime once it is activated.
    • Income payments can be stopped and restarted once it is activated.
  2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.

OTHER HELPFUL SUMMIT BONUS FIXED INDEX ANNUITY FAQ’S

  • When can I reallocate funds?

    1. Forms are sent out 90 days before your anniversary.
    2. Fill out the form and return it to us 30 days before your policy anniversary.

  • What accounts should I allocate into?

    We are not able to advise you. You will need to speak with an agent or financial advisor.

  • Do I have any penalty free funds available for withdrawal?

    1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
    2. After the first year you have up to 10% or your RMD available penalty free.

  • How is my bonus vested?

    Your entire bonus is not vested until the end of the 10 year contract period.

  • What is the death benefit?

    The death benefit is the same as the vested value as of the date of death.

  • What is the amount of income I can get?

    You will need to call us to get the amount of income available to you.

  • What is the roll up rate?

    Your roll up rate is contract specific. Please call us for your information or it is available in your policy.

  • What tax forms do you send out?

    1. 1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.
    2. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

What is the amount of income I can get?

You will need to call us to get the amount of income available to you.

OTHER HELPFUL SUMMIT BONUS FIXED INDEX ANNUITY FAQ’S

  • When can I reallocate funds?

    1. Forms are sent out 90 days before your anniversary.
    2. Fill out the form and return it to us 30 days before your policy anniversary.

  • What accounts should I allocate into?

    We are not able to advise you. You will need to speak with an agent or financial advisor.

  • Do I have any penalty free funds available for withdrawal?

    1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
    2. After the first year you have up to 10% or your RMD available penalty free.

  • How is my bonus vested?

    Your entire bonus is not vested until the end of the 10 year contract period.

  • What is the death benefit?

    The death benefit is the same as the vested value as of the date of death.

  • How does the income rider work?

    1. Designed to give income for your lifetime once it is activated.
      • Income payments can be stopped and restarted once it is activated.
    2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.

  • What is the roll up rate?

    Your roll up rate is contract specific. Please call us for your information or it is available in your policy.

  • What tax forms do you send out?

    1. 1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.
    2. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

When are statements sent?

Annual statements are mailed to you the day after the anniversary date.

OTHER HELPFUL PERSONAL CHOICE MYGA FAQ’S

  • How long will it take to get my money?

    Our standard processing time is 7-10 business days from receipt of the completed form.

  • If I take out money will I have any penalties or fees?

    If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.

  • How do I take my RMD (Required Minimum Distribution)?

    Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.

    The form can be found on the resources tab or be mailed to you by calling us to request it.

  • How do I change my beneficiary?

    The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx

  • Will taxes be withheld from my distribution?

    If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.

  • How do my beneficiaries submit a claim?

    They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.

    1. If there is no death benefit rider surrender charges may apply.

  • What happens at the end of my 3, 5, 7, or 10 year contract?

    1. Our procedure is to mail a Notice of Renewal Options Letter with a Renewal Election Form to the Contract Owner and Agent of record approximately sixty (60) days prior to the Contract Anniversary at the end of the Guarantee Period.
    2. Some or all of your funds can be withdrawn with no penalty at the end of the contract period.

  • How is interest calculated?

    Interest is compounded daily credited yearly.

  • How can I get a quote or an illustration?

    You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.

  • What is your current interest rate?

    The most current rate can be found on our Personal Choice Annuity Product page or Current Rates page.

  • What tax forms do you send out?

    1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.

    5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

What is the roll up rate?

Your roll up rate is contract specific. Please call us for your information or it is available in your policy.

OTHER HELPFUL SUMMIT BONUS FIXED INDEX ANNUITY FAQ’S

  • When can I reallocate funds?

    1. Forms are sent out 90 days before your anniversary.
    2. Fill out the form and return it to us 30 days before your policy anniversary.

  • What accounts should I allocate into?

    We are not able to advise you. You will need to speak with an agent or financial advisor.

  • Do I have any penalty free funds available for withdrawal?

    1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
    2. After the first year you have up to 10% or your RMD available penalty free.

  • How is my bonus vested?

    Your entire bonus is not vested until the end of the 10 year contract period.

  • What is the death benefit?

    The death benefit is the same as the vested value as of the date of death.

  • How does the income rider work?

    1. Designed to give income for your lifetime once it is activated.
      • Income payments can be stopped and restarted once it is activated.
    2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.

  • What is the amount of income I can get?

    You will need to call us to get the amount of income available to you.

  • What tax forms do you send out?

    1. 1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.
    2. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

What tax forms do you send out?

1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.
5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.

OTHER HELPFUL SUMMIT BONUS FIXED INDEX ANNUITY FAQ’S

  • When can I reallocate funds?

    1. Forms are sent out 90 days before your anniversary.
    2. Fill out the form and return it to us 30 days before your policy anniversary.

  • What accounts should I allocate into?

    We are not able to advise you. You will need to speak with an agent or financial advisor.

  • Do I have any penalty free funds available for withdrawal?

    1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
    2. After the first year you have up to 10% or your RMD available penalty free.

  • How is my bonus vested?

    Your entire bonus is not vested until the end of the 10 year contract period.

  • What is the death benefit?

    The death benefit is the same as the vested value as of the date of death.

  • How does the income rider work?

    1. Designed to give income for your lifetime once it is activated.
      • Income payments can be stopped and restarted once it is activated.
    2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.

  • What is the amount of income I can get?

    You will need to call us to get the amount of income available to you.

  • What is the roll up rate?

    Your roll up rate is contract specific. Please call us for your information or it is available in your policy.

Medicare Supplement

Hospital Advantage

Why did I get a bill from my doctor?

You submit claims to us and we pay you directly. You will need to pay bills you receive from your providers.

OTHER HELPFUL HOSPITAL ADVANTAGE FAQ’S

  • What is Hospital Advantage?

    This insurance pays a fixed dollar amount. Regardless of your expenses, for each day you meet the policy conditions. It does not pay your Medicare deductibles or coinsurance, and is not a substitute for Medicare Supplement Insurance.

  • How do I submit claims?

    Claim forms are on the FORMS page located under the POLICYHOLDER tab and can also be obtained by calling us. POLICYHOLDER > FORMS

  • What payment methods are accepted for premium payments?

    We only allow bank drafts or personal checks from the policy owner. No 3rd party checks are accepted.

How do I submit claims?

Claim forms are on the FORMS page located under the POLICYHOLDER tab and can also be obtained by calling us. POLICYHOLDER > FORMS

OTHER HELPFUL HOSPITAL ADVANTAGE FAQ’S

  • What is Hospital Advantage?

    This insurance pays a fixed dollar amount. Regardless of your expenses, for each day you meet the policy conditions. It does not pay your Medicare deductibles or coinsurance, and is not a substitute for Medicare Supplement Insurance.

  • Why did I get a bill from my doctor?

    You submit claims to us and we pay you directly. You will need to pay bills you receive from your providers.

  • What payment methods are accepted for premium payments?

    We only allow bank drafts or personal checks from the policy owner. No 3rd party checks are accepted.

What payment methods are accepted for premium payments?

We only allow bank drafts or personal checks from the policy owner. No 3rd party checks are accepted.

OTHER HELPFUL HOSPITAL ADVANTAGE FAQ’S

  • What is Hospital Advantage?

    This insurance pays a fixed dollar amount. Regardless of your expenses, for each day you meet the policy conditions. It does not pay your Medicare deductibles or coinsurance, and is not a substitute for Medicare Supplement Insurance.

  • Why did I get a bill from my doctor?

    You submit claims to us and we pay you directly. You will need to pay bills you receive from your providers.

  • How do I submit claims?

    Claim forms are on the FORMS page located under the POLICYHOLDER tab and can also be obtained by calling us. POLICYHOLDER > FORMS

SENTINEL SECURITY LIFE INSURANCE COMPANY IS A MEMBER OF THE A-CAP FAMILY
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Retirement planning can be difficult and confusing, often making you feel left in the dark to find the right path. Seeing this need, Sentinel has worked to light the way to greater financial security for individuals and families since 1948.

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