New Crediting Rates Take Effect May 22, 2013 - Five Year Only
Dear Sentinel Annuity Agents,
Sentinel will experience a crediting rate change effective May 22, 2013. Please reference the chart below to find out when new crediting rates take effect and how long you will have to submit applications at the current rate. Rates for the five-year product will drop by 10 basis points. Rates for the seven and ten-year products will remain unchanged. New Crediting Rates as of May 22, 2013 All States (Except Florida & Minnesota) 5-Year 7-Year 10-Year 2.85 % 3.20% 3.45% Florida Rates (Death Benefit Included in Rate) 5-Year 7-Year 10-Year 2.75 % 3.10 % 3.35% Minnesota Rates (No Market Value Adjustments Applied) 5-Year 7-Year 10-Year 2.55 % 2.90 % 2.95 % May 22, 2013-Date When New Crediting Rates Take Effect Any applications signed on May 22, 2013 and later will receive the new crediting rates. Agents will need to update the Annuity Illustration Software through the Tools menu of that program. May 21, 2013-Date Applications Must be Signed (to receive current rates) Applications must be signed by May 21, 2013 or before to receive the current crediting rates. May 30, 2013-Date Application Must be Received in Home Office (to receive current rates) Applications signed by May 21, 2013 or earlier must be received in the Home Office by May 30, 2013 to receive the current crediting rates. July 4, 2013-Date 45-Day Rate Lock Ends All transfers and exchanges for any application signed on May 21, 2013 or earlier must be completed by July 4, 2013 in order to receive the current crediting rates. We appreciate your continued support for the Personal Choice Annuity™ and Sentinel. We believe these rates are still very attractive and given the unique design of this product, will continue to offer some of the highest crediting rates available in the MYGA market. We look forward to our continued partnership. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ | 
