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Fixed Indexed Annuity Details

Personal Choice Plus+ (CA, FL)

Product Name

Personal Choice Plus+ (CA, FL)

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

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

Product Information

The Personal Choice Plus+ is a deferred fixed indexed annuity issued by Sentinel Security Life Insurance Company.

When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 2.75% (see Rate Details below).

You can also allocate your premium between 3 different strategy and index account options (see Index Account Options below). For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Sentinel Security Life Insurance Company is rated “B++” by A.M. Best, was founded in 1948, and has over $690 million in total assets.

Rate Details

Nov 2nd, 2020
Not Scheduled

Premium Amount: $5,000 - $1,000,000

Current
Fixed Account First Year Yield: 2.75%
Fixed Account Current Interest Rate: 2.75%
Fixed Account Guaranteed Minimum Interest Rate: 1.00%
Index Accounts - Annual Cap and Participation Rates:
S&P 500 – Point-to-Point Cap: 4.50%

Initial Surrender Charge and MVA Periods

5 years

5 years

5 years

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

Policy Details

$5,000
$5,000
$1,000,000
$1,000,000
90
90
45 days
Yes
Accumulation Value
No

Penalty Free Withdrawal Provisions

See Notes
See Notes
No
No
Death

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

State Variations

Available only in:  CA and FL (as of 07/01/2020)

Notes

Base contract provides limited liquidity. The following optional riders are available (annual fee deducted from accumulation value) to increase liquidity:
Required Minimum Distribution – 0.16% fee
Preferred 10% Free Withdrawal – 0.08% fee
Accumulated Interest Withdrawal – 0.08% fee