Aspida Synergy Choice 3 Year Annuity

GUARANTEED RATE LOCK PERIOD

The rate is locked in for 45 days from the date the application is signed. If the funds are received after that period the rate might be subject to change and you will receive the rate in effect at that time.

Not available in: CA, CT, FL, GA, ME, MS, NV, NH, NM, NY, NC, TX, VA and WA (as of 06/27/2022)

It’s never too early to start planning for retirement. Selecting a strategy that works best involves assessing your goals, time horizon, and risk tolerance. 

A single premium deferred annuity is a product that, for a single initial investment, earns a fixed rate of interest allowing your money to grow on a tax-deferred basis until you decide to begin receiving annuity payments. 

The Aspida Synergy Choice MYGA 3 year annuity may be appropriate for individuals who:

• Want a CD alternative due to low CD rates.
• Seek to accumulate money for retirement.
• Have a conservative risk tolerance and want to invest an inheritance or other lump sum.
• Want to secure a fixed annuity payment but not immediate income.

1. Withdrawal any amount free of charges and fees.
2. If you do nothing, the contract renews for the same term at the rates available at that time. Renewal rates for guarantee periods will be based on current economic conditions and are guaranteed to be no less than the guaranteed minimum interest rate of 1.00%.

WITHDRAWALS

• See notes below – withdrawals are available for an interest rate reduction.
• Cumulative: No
• Market value adjustment (MVA): Yes
• Return of premium: No

Base contract provides zero liquidity. The following Optional Withdrawal Features are available to increase liquidity, but will reduce the annual interest rate credited by percentages shown:
Free Interest Withdrawal – 0.05%
10% Free Withdrawal (RMD Friendly) – 0.10%
Contract Value Death Benefit – 0.10%

Aspida Synergy Choice Annuity Brochure

Taxes:

In general, annuities grow tax-deferred, meaning you don’t pay taxes until you withdraw your money from the annuity.

When you withdraw from your annuity the interest earned will be taxed at your ordinary-income tax rate.

Non-Qualified Annuity

Non-qualified funds are cash, checking, savings, life insurance cash value, etc. Only the interest you have earned will be taxed as ordinary income.

Qualified Annuity

Qualified funds are 401k, IRA, SEP, 403b, TSA, etc. Both principal and interest will be taxed as ordinary income as you withdraw money.

Roth IRA Annuity

Withdrawals from Roth IRA annuities are tax-free if the IRS requirements are met.

Early-Withdrawals

If you withdraw money from your annuity before you turn age 59½, you may receive a 10% IRS penalty in addition to paying ordinary income taxes.

Aspida Synergy Choice MYGA 3 Year Fixed Annuity Pros

• Pays a guaranteed interest rate much higher than current CD Rates are paying.
• Your interest grows tax-deferred meaning you do not pay taxes on your interest until you withdraw it from your annuity.
• The death benefit is full account value and may avoid probate.
• Liquidity options provide you the access to the money that you need.