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fixed annuities

Fixed Indexed Annuity Details

Retirement Plus Multiplier 10

Product Name

Retirement Plus Multiplier 10

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

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

Product Information

The Retirement Plus Multiplier 10 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 5.00% (see Rate Details below).

You can also allocate your premium between various strategy and index account options. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.

An income rider is available that provides the option of activating a guaranteed lifetime income stream at a future date. The income payments cannot be outlived and your contract does not need to be annuitized.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning in the second contract year, this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.

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 $879 million in total assets.

Rate Details

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

Fixed Account First Year Yield: 5.00%
Fixed Account Current Interest Rate: 5.00%
Fixed Account Guaranteed Minimum Interest Rate: 3.00%
Index Accounts - Annual Cap and Participation Rates:
Any Index - Highest Participation Rate (WITH Charge/Fee): 200.00%
Any Index - Highest Participation Rate (NO Charge/Fee): 150.00%
S&P 500 - Point-to-Point Cap (WITH Charge/Fee): 14.50%
S&P 500 - Point-to-Point Cap (NO Charge/Fee): 11.50%
S&P 500 - Participation Rate (WITH Charge/Fee): 60.00%
S&P 500 - Participation Rate (NO Charge/Fee): 50.00%

Initial Surrender Charge and MVA Periods

10 years

10 years

10 years

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

Policy Details

Penalty Free Withdrawal Provisions


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

State Variations

Not available in:  AK, CT, DE, DC, ID, ME, MA, MI, MO, NH, NJ, NY, TN, VT, VA, WV and WI (as of 07/01/2020)


There are two optional riders available for an additional annual charge:

Growth Benefit – Accumulation Buy Up Rider: This rider provides higher Cap and Participation Rates to the Index Accounts than those Caps and Participation Rates of the annuity without the rider.

Income Multiplier – Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider: This rider provides a stream of income payments to the owner, which can never be outlived, even after all of the accumulation value has been withdrawn. The Rider is only available if the Annuitant is the Owner, unless the Owner is not a Natural Person. Joint Owners are available if they are spouses.