![]() Terminal Illness/Nursing Home Care: 0.15%.However, the contract’s various benefit riders come with interest rate reductions rather than traditional fee rates: There are no annual contract fees associated with this annuity. Accumulated Interest Withdrawal: If you plan on taking withdrawals from your contract that are equal to your accumulated interest at the time, this rider will waive all fees and MVAs.Death Benefit Feature: This adds a death benefit to your contract, making the payout to your beneficiaries equal to your contract’s value at the time of your passing.72(t) Free Withdrawal: Should you take advantage of Rule 72(t), this rider offers a waiver for any related withdrawal fees.The same applies to any situation where the annuitant is confined to a nursing home for 90 consecutive days or more. Terminal Illness/Nursing Home Care: If you’re diagnosed with a heart attack, stroke, life-threatening cancer or another terminal illness, withdrawal charges are waived.Preferred 10% Free Withdrawal: Beginning during your second year of ownership, your first withdrawal each year can surpass the allotted fee-free amount of 10%.Required Minimum Distribution: This will let you make your required minimum distributions (RMDs) without having to worry about withdrawal fees or market value adjustments (MVAs).Here’s a breakdown of the options available to you: Although this contract earns interest at a fixed rate, its real draw is the selection of benefit riders annuitants can choose from. The Personal Choice annuity from Sentinel Security Life has a $2,500 minimum initial premium and a maximum issue age of 90. When it comes to Sentinel’s financial strength, A.M. A financial advisor can help you determine which type of annuity or life insurance policy is best suited to fit your needs.Īnnuity TypeMulti-year guaranteed annuity (MYGA) ![]() Today, the Utah-based company offers a wide selection of fixed indexed, income and multi-year guaranteed annuities, as well as life insurance and healthcare insurance policies. Sentinel Security Life Insurance Company has been in business for over 70 years, having first opened in 1948.
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