One of the greatest benefits of this product is you cannot lose money if the market goes down even though the crediting strategy mirrors the performance of the market.
Salt Lake City, UT (PRWEB) April 01, 2013
Sentinel Security Life Insurance Company (Sentinel Security Life) announced the launch of Summit Bonus Index, a new fixed indexed annuity designed to meet the growing retirement needs of Americans.
Available today in Florida and Utah, the Summit Bonus Index provides principal protection,
interest-crediting strategies that mirror market performance, tax deferral and the opportunity to receive a consistent stream of income for life.
One of the greatest benefits of this product is you cannot lose money if the market goes down even though the crediting strategy mirrors the performance of the market. This gives you the opportunity to participate in the rise of the market without having to experience any losses if the market declines.
Sentinel Security’s new Summit Bonus Index annuity also offers an optional Income Rider with competitive guaranteed payout rates. The Income Rider in combination with the Summit Bonus Index creates a strong investment strategy that can guarantee annual income throughout retirement..
“The Summit Bonus Index offers traditional fixed annuity benefits such as guaranteed minimum interest, death benefits, access to funds in the event of unforeseen circumstances, and tax-deferred earnings. The Summit Bonus Index goes a few steps further and takes retirement planning to another level with the potential for additional interest, linked to the return of an index. You are given the flexibility to choose from four crediting methods to fit your unique retirement planning needs…” states Dan Acker, Vice President and Chief Financial Officer of Sentinel Security Life.
Summit Bonus Index provides retirees with the power to enhance their future by creating a new way for clients to invest. The Summit Bonus Index is designed with two phases for retirees. The first phase is the accumulation phase, where the retiree earns on their investment, tax-deferred. The second phase is the income phase, where retirees can choose from several settlement options or a consistent stream of income if the Income Rider is selected.
Earl Tate, President of Sentinel Security Life adds, “Sentinel Security Life is excited to announce the release of Summit Bonus Index annuity. This new product will provide today seniors with an exceptional value in a fixed indexed annuity. It is a well-designed product with favorable returns as an investment vehicle. If coupled with the income rider, it can provide guaranteed benefits for a lifetime. We hope that our seniors will find this annuity a great addition to their retirement plan.”
About Sentinel Security Life Insurance Company
Sentinel Security Life was founded in 1948 to provide insurance products to help seniors fund final expenses. Since then, Sentinel Security has grown substantially, and has done so without forgetting the company’s original mission: to provide the best possible products and services to policyholders. Sentinel Security Life Insurance Company focuses on the senior market, offering a full range of competitive products to meet the needs of all consumers. To learn more about Sentinel Security Life Insurance Company, please visit http://www.sslco.com.
For further information:
Sentinel Security Life
Summit Bonus Index is a registered service mark of Sentinel Security Life Insurance Company and is used under license with no other affiliation with Sentinel Security Life.