Sage Select
Fixed Indexed Annuity
The Sage Select is a deferred fixed indexed annuity issued by Sagicor Life Insurance Company.
This annuity offers 4.00% as an upfront bonus. When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 5.56% (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.
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this annuity provides up to 10% (cumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.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.
Sagicor Life Insurance Company is rated “A-” by A.M. Best, was founded in 1954, and has over $4.1 billion in total assets.
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Dec 12th, 2020
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| Current | ||
|---|---|---|
| Fixed Account First Year Yield: | 5.56% | |
| Upfront Bonus: | 4.00% | |
| Fixed Account Current Interest Rate: | 1.50% | |
| Fixed Account Guaranteed Minimum Interest Rate: | 1.50% | |
| Index Accounts - Annual Cap and Participation Rates: | ||
| Any Index - Highest Participation Rate: | 11.00% | |
| S&P 500 - Point-to-Point Cap: | 2.00% | |
9 years
N/A
9 years
State variations may exist, refer to product disclosure for details.
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$2,000
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$2,000
|
|
$750,000
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$750,000
|
|
85
|
85
|
|
60 days
|
No
|
|
Accumulation Value
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None
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10%
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|
Yes
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No
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See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Not available in: AK, CT, ME, NY and VT (as of 12/15/2018)
For CA and SD: No Nursing Home or Confined Care waiver.
Income Rider included at no cost by product design: Each year, between contract years 13 through 32, the Owner can withdraw up to 10% of the premium paid. If there are any withdrawals in the first 12 years, the 10% withdrawal amount will be based on the initial single premium paid less those withdrawals. The withdrawal amount is cumulative, if the Owner does not take the full withdrawal amount, then in the following year the withdrawal amount will be increased by the unused withdrawal amount from the previous year. If the owner withdraws more than the guaranteed withdrawal amount for that year, then future withdrawals are not guaranteed. If the Owner decides to take no withdrawals during years 13 through 32, then by the end of the 32nd contract year, the Owner can withdraw 200% of the initial single premium paid, less any withdrawals made during the first 12 years.
Description Here
