Tuesday, March 13, 2012

IMPORTANT ANNUITY UPDATE - Sentinel New Crediting Rates

 

 

 

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Sentinel Life Torch 

 Sentinel Security Life Insurance Company  

 

 

 

 

IMPORTANT ANNUITY UPDATE - New Crediting Rates 

 

March 12, 2012 



Since the launch of the Personal Choice Annuity™ Sentinel has been committed to providing some of the highest rates offered in a multiyear guarantee annuity. Due to the downward pressure of market conditions, Sentinel will begin to offer the Personal Choice Annuity™ with the following rates and associated effective dates: 

  

Minnesota

Florida

All other approved states

  Personal ChoiceTM 5 Year 

2.90%

3.10%

3.20%

  Personal ChoiceTM 7 Year 

3.00%

3.20%

3.30%

Personal ChoiceTM 10 Year 

3.10%

3.50%

3.60%

 

March 27, 2012

Effective date of new crediting rates. Any applications signed on this date and later will receive the new crediting rates. An update to the Illustration software will be available on this date as well.

 

April 2, 2012  

All applications signed on March 26, 2012 and earlier must be received in the Home Office by this date to receive the current crediting rates.  

 

May 10, 2012 

End of 45 Day Hold. All transfers and exchanges for any application signed on March 26, 2012 and earlier must be completed by this date in order to receive the current crediting rates.  

 

We again want to express our sincere appreciation for your continued support of this product and Sentinel. We believe these rates are still very attractive, and given the unique design of this product, will continue to have among the highest crediting rates available in the MYGA market place.  

 

In addition we appreciate the effort that you have taken in order to make this a successful product. We look forward to continuing our partnership with you.

 

Sentinel Rate Sheet Effective March 27, 2012

Please contact us if you have any questions: Call: 800-247-1423 Email: agency@sslco.com

For producer use only. Not for use with the general public.

 

This email was sent to jesse@schaeferfinancialgroup.com by annuity@sslco.com |  

Sentinel Security Life Insurance Company | Home Office | 2121 South State Street | Salt Lake City | UT | 84115