FEATURES OF THE 

SUMMIT BONUS INDEX
SM

 

 

PREMIUM BONUS

When you purchase your Sentinel Plan® Summit Bonus IndexSM, you will receive a one-time premium bonus. The premium bonus is immediately credited to your account which gives you an opportunity to earn additional interest and gives you access to additional funds that you can access subject to your vesting schedule.

ACCESSIBILITY

The Sentinel Plan® Summit Bonus IndexSM offers several options to access your money without being subject to surrender charges or market value adjustments. For example:

  • During the first policy year, you can withdraw the interest earned on funds allocated to the fixed account or a Required Minimum Distribution
  • After the first policy year, you can withdraw up to 10% of your contract value or the required minimum distribution, whichever is greater;
  • And after the fifth* policy year you can apply the vested value of the policy to purchase a settlement option to provide income.

DEATH BENEFIT

The amount payable if the Owner, or the Annuitant if the Owner is not a Natural Person, dies before annuity payments begin is equal to the Accumulation Value less the Non-vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death, whichever is greater.

TAX DEFERRAL

Your annuity earns interest tax-deferred, which means you do not pay taxes on the interest earned under your contract until you make a withdrawal. In other words, your PRINCIPAL will earn interest, and all of your INTEREST will earn interest too!

 

*May vary by state.

Please contact Sentinel Security Life Insurance Company for more information.
PO BOX 65478 | Salt Lake City, UT 84165-0478 | 800.247.1423

 

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