SUMMIT BONUS INDEXSM
One of the benefits of the Summit Bonus IndexSM is the ability to choose when you start to receive payments and the period of time you will receive them. The accumulation value and the settlement option you select will determine what payments you receive. The Summit Bonus IndexSM has three settlement options:
LIFE INCOME ONLY
We will pay equal monthly payments for the Annuitant's remaining lifetime. Payments will end with the payment due just before the annuitant's death.
PERIOD CERTAIN ONLY
We will pay equal monthly payments for a period certain of not less than 10 years and not more than 20 years.
LIFE INCOME WITH GUARANTEED PERIOD CERTAIN
We will pay equal monthly payments for the Annuitant's remaining lifetime or the period certain. If the Annuitant dies after payments have been made for the period certain, payments and with the payment due just before the Annuitant's death.
WHEN DO PAYMENTS BEGIN?
After the fifth* policy anniversary, you may elect to apply the Vested Value of your policy as a single premium to purchase one of the options described above.
*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