Summit Bonus Index

The Ultimate Income Annuity is Here.

If having a reliable stream of guaranteed income is a priority for you during retirement, then you won’t want to miss out on the Summit Bonus IndexSM Annuity, the Ultimate Income Annuity.
With the selection of the Income Rider, this annuity was designed to offer a generous 15% premium bonus1, a 7.25% annual compound Roll-up Rate, and some of the highest annual payments across many ages and deferral periods, with payout factors as high as 9%.2
Additionally, as a fixed indexed annuity, the Summit Bonus IndexSM Annuity protects your principal against a market downturn, while still creating the opportunity for your account to grow.
Those wanting a guaranteed stream of income for their lifetime should look no further for their complete guaranteed income solution. Learn more about the Summit Bonus IndexSM Annuity today!

Features

15% Premium Bonus with the Optional Income Rider

When you purchase a Summit Bonus IndexSM Annuity, you will receive an automatic, one-time 7% premium bonus3 that is immediately credited to your Accumulation Account. This gives you an opportunity to earn additional interest and funds that you can access subject to your vesting and surrender schedule.
If the Income Rider is purchased, this one-time bonus is increased to 15% of the single premium payment and will be credited to both the Accumulation Account and the Income Account.

Income Rider with Marketing Leading Payouts2 and a 7.25% Roll Up Rate

The optional Income Rider provides a number of benefits to policyholders:
Are you looking to participate in the rise of the market without risking significant losses in the case of a market slump? The Summit Bonus Index was designed with you in mind!
Offering multiple investing strategies based off the S&P 500®, allocate your funds as you see fit with no damage to your principal. Also available is an Income Rider, which provides you with a steady stream of income for life. Offering control, safety, and high growth possibilities, this annuity is perfect to meet your retiring needs!
Your choice, your growth, your future! Summit Bonus Index has a 10-year surrender schedule. Premium bonuses are subject to a vesting schedule. Inclusion of the income rider subject to age restriction.
*Premium bonuses are subject to vesting schedule

Summit Bonus Index Rates

Effective 8/2/2023

Premium Bonus Base Contract - 7.00%
With Income Rider - 15.00%
Interest Rate Guarantees
1st Year Rate 1.50%
Current Rate Guarantee 1 Yr
Indexing
Index/Benchmark S&P 500®
Caps Annual Point-to-Point Cap: 2.50%
Monthly Averaging Cap: 2.50%
Daily Averaging Cap: 2.50%
Monthly Sum Cap: 1.10%
Riders
Optional Riders and Cost Income Rider - 1.30% fee

Interest rates are subject to change without notice. Quoted rates may vary due to state regulations and taxes. Products, features, and riders may not be available in all jurisdictions. Refer to the policy for all terms and conditions. All Guarantees are based on the claims-paying ability of Sentinel Security Life Insurance Company.

Summit Bonus Index has a 10-year surrender schedule. Premium bonuses are subject to a vesting schedule. Inclusion of the income rider subject to age restriction. 

 

Summit Bonus Index Rates

Effective 02/22/2021
Premium BonusBase Contract - 7.00%
With Income Rider - 8.00%
Interest Rate Guarantees
1st Year Rate1.50%
Current Rate Guarantee1%
Indexing
Index/BenchmarkS&P 500®
CapsAnnual Point-to-Point Cap: 2.50%
Monthly Averaging Cap: 2.50%
Daily Averaging Cap: 2.50%
Monthly Sum Cap: 1.10%
Riders
Optional Riders and CostIncome Rider - 1.05%

Interest rates as of 02/22/2021 and are subject to change without notice. Quoted rates may vary due to state regulations and taxes. Not all annuities and optional riders are available in all states. Summit Bonus Index has a 10-year surrender schedule. Premium bonuses are subject to a vesting schedule. Inclusion of the income rider subject to age restriction.

SENTINEL SECURITY LIFE INSURANCE COMPANY IS A MEMBER OF THE A-CAP FAMILY
logo
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.

Contact Us

Copyright © 2024 Sentinel Security Life Inc. All rights Reserved.