Company Information
Company Name
Aspida Life
Product Name
Aspida Life Advisory 5
Description
This is a short-term, single premium fixed annuity with a five-year rate guarantee. The owner must also be the annuitant unless the account is owned by a trust. This account accepts both qualified & non-qualified assets. Deposits under $100K are subject to a lower interest rate. This is a proprietary annuity offered by a select few brokers. We are one.
AM Best Rating
A-
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
0% / 10%
Rate
5.65%
Term
5 Years
Minimum Investment
$ 100,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
90
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
What We Like About This Annuity
This policy offers great liquidity features including a 10% free withdrawal. Nursing home and terminal illness waivers are included and there are no surrender penalties at death.
Notable Features
Lower rates are offered on deposits between $25K - $99.9K. There is a also a Market Value Adjustment for early surrenders above allowable amounts.
Other Popular Products
Aspida offers several multi-year guaranteed annuities including Synergy & Weathlock lines of business. They also have very competitive fixed-indexed annuity accounts with unique indexing options for maximum growth potential.
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About Aspida Life
Aspida Life is a technology-driven annuity provider built to ease investing for consumers and brokers alike. Their stated goal is to provide more returns with less risk for their policyholders.
They are backed by Ares Management Corporation which boasts $447 billion of assets under management. Ares is a global investment manager specializing in investment solutions across several different asset classes.