Company Information
Company Name
Sentinel Security Life
Product Name
Sentinel Personal Choice Annuity 10
Description
This is a single premium, fixed annuity with a ten-year rate guarantee. Offered with a higher initial rate, this contract allows consumers to choose which riders they want added to the contract. Qualified and non-qualified funds are accepted. Rates and terms will differ in the States of CA, FL, and MN.
AM Best Rating
B++
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
0% / 0%
Rate
4.35%
Term
10 Years
Minimum Investment
$ 5,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
85
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0%
What We Like About This Annuity
This is a customizable long term annuity. Owners can riders (if any) that are most important to them. Adding no riders allows for maximum growth potential. Spousal continuance option is available at no cost.
Notable Features
Several withdrawal riders available at cost, including: Accumulated Interest, 10% free yearly, RMDs, terminal illness/nursing home care, and surrender-free death benefit. Adding any feature will reduce the yearly interest rate.
Other Popular Products
Sentinel Life offers popular fixed-indexed annuities for growth and income. Their Summit Bonus and Personal Choice Plus are popular with investors looking for higher growth potential. Additionally, their Vantage Life final expense insurance is very competitive for covering funeral expenses.
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About Sentinel Security Life
Sentinel was founded in 1948 and has evolved over the years to meet consumers’ insurance needs. They’re located in Salt Lake City, UT and offer a wide array of insurance products.
Originally they offered only final expense life insurance, but now specialize in both fixed, indexed, and income annuities. They partner with sister company Atlantic Coast Life to provide savings and investment products across the US.