Sentinel Security Personal Choice Annuity
Minimum Deposit: $2,5000 | 4.65% APY
The Sentinel Security Personal Choice Annuity 5 is a 5 Year Fixed Annuity designed to be a high-yield retirement savings account.
A fixed annuity or “CD Type Annuity” may be suitable for conservative investors who are looking for a safe and steady way to grow their retirement savings.
Sentinel Security Personal Choice 5 Annuity Details
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.
The Sentinel Security Personal Choice Annuity 5 is a single premium, multi-year guarantee annuity. An annuity is a long-term contract issued by an insurance company. In exchange for a premium payment, the insurance company agrees to make payments to you in the future.
This annuity provides an accumulation value that earns interest through a fixed account with a guaranteed interest rate that is set for a 3-, 5- or 7-year period. This annuity also provides several options for accessing funds.
The Sentinel Security Personal Choice Annuity 5 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%.
| Base rate | 4.65% |
| Rate guaranteed | 5 years |
| Guaranteed yield to surrender | 4.65% |
| Guaranteed minimum renewal rate | 1.00% |
| Market value adjustment | Yes |
| Return of Premimium | No |
| PREMIUM PAYMENTS | |
| Type | Single |
| Maximum | $1,000,000 |
| Minimum | $2,500 |
| Free Look Period | 30 Days |
| AGE RESTRICTIONS | |
| Owner | 60 – 90 |
| Annuitant | 60 – 90 |
WITHDRAWALS
- Interest-only withdrawals: NO
- Cumulative: No
- Market value adjustment (MVA): Yes
- Return of premium: No
Sentinel Security Personal Choice 5 Annuity Details was designed for those who are retired or nearing retirement. Planning for retirement is not always easy and sometimes the control is not yours.
Personal Choice 5offers you a flexible and guaranteed way to have the security and peace of mind you need to enjoy retirement.
OPTIONAL RIDERS
Required Minimum Distribution – 0.16% interest reduction
Preferred 10% Free Withdrawal – 0.08% interest reduction
Terminal Illness/Nursing Home Care – 0.15% interest reduction
72(t) Free Withdrawal – 0.05% interest reduction
Death Benefit Feature – 0.35% interest reduction
Accumulated Interest Withdrawal – 0.08% interest reduction
Death Benefit Feature is required in California and Florida and is priced into the California and Florida rates. All California and Florida contracts are issued with the Death Benefit Feature.
Minnesota contracts do not include Market Value Adjustments (MVA). All Owners 86-90 are required to purchase the Death Benefit Rider in all states except California and Florida.
Nursing Home Rider/Terminal Illness Rider Not Available in California, Florida, and Pennsylvania.
Available in: AZ, AR, GA, ID, KY, MS, MT, NE, NM, NC, ND, OK, SD, WY
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.
Pros of the Sentinel Security Personal Choice 5 Annuity
- 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 may avoid probate.
- Liquidity options provide you access to the money that you need.
Visit our online annuity marketplace to view and compare more Fixed Annuity Rates. If you’d like an opportunity for more upside potential while maintaining principle protection you may want to consider a fixed index annuity.
Get a Sentinel Security Annuity Quote
Fill out the form below to receive a free annuity quote or use one of our annuity calculators.
About Sentinel Security Life Insurance Company
Sentinel Security Life was founded in 1948 and is based in Salt Lake City, Utah. Sentinel was founded by a group of passionate Utah funeral directors who saw many families in need of an insurance product designed to help pay funeral costs.
The company was initially established to provide families with a way of funding funeral expenses and burial costs. Today, Sentinel offers a strong senior market portfolio including health and life insurance products, fixed annuities, and fixed index annuities.
Sentinel Security Life Ratings
More 5 Year Fixed Annuity Rates
| Term | Insurer | Company Profile | Rate | Annuity | AM Best | Apply |
|---|---|---|---|---|---|---|
| 5 Years |  | Farmers Life | 5.40% | Safeguard Plus | B++ | Apply |
| 5 Years | 
| Ibexis Life | 5.35% Simple | Ibexis MYGA Plus | A- | Apply |
| 5 Years |  | Aspida | 5.10% | Synergy Choice | A- | Apply |
| 5 Years | 
| AMERICO | 5.05% | Platinum Assure | A | Apply |
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