Sentinel Plans' Summit Bonus Index is from a B++ AM Best Rated Carrier that his been in business since 1948. Sentinel Life is licensed in 24 states and offers outstanding customer service to both agents and clients.
Sentinel Life Highlights:
- Direct Company Contract
- Competitive Commissions
- Ultra Competitive Premiums
- Top Level Service and Support
Sentinel Plans' Summit Bonus Index is a 10 year, single premium, deferred annuity with four different
indexing strategies, in addition to a fixed account. An Income Rider is also available with a rollup that will continue to compound up to 20 years.
- Single Premium Deferred Annuity
- 10 Year surrender charge
- Maximum Premium Bonus of up to 9%*
- 4 Index Crediting Strategies
- Fixed Account
- Optional Income Rider
- Guaranteed Lifetime Withdrawal Benefit
- 7% annual compound roll-up (up to 10 years)
Their crediting strategy includes Annual Point to Point, Monthly Sum, Monthly Averaging, Daily Averaging, and Fixed Account. The offer settlement options such as Lifetime Income Only, Period Certain Only, and Live income with guaranteed certain. The Sentinel Plan Summit Bonus Index offers an additional optional income rider with 7% compound roll-up rate.
||Single Premium Fixed Index Deferred Annuity
||Qualified or Non-Qualified
||0 to 80
|Minimum Single Premium
|Maximum Single Premium
||$1 million (qualified or nonqualified); larger amounts will be considered with Home Office approval
|Minimum Guaranteed Surrender Value Interest Rate
|Market Value Adjustment (MVA)
||The MVA is specified in the contract. The MVA expires at the end of each Guarantee Period.