The Summit Bonus Index SM Annuity index strategies are designed to generate interest credits based on the performance of the S&P 500 ® Index. The good news is that while you are not investing in the market measured by the S&P 500 ® Index, you are able to obtain the benefits of market growth without exposure to market loss. You also have the option to adjust your allocations annually, providing you with more control to reach your investment goals. Four Index Strategies Available for Accumulation
Annual Point-to-Point
Each policy anniversary, the S&P 500 ® index value (ending value) is compared to the S&P 500 ® index value on the last policy anniversary (beginning value). When the ending value is higher than the beginning value, the percentage increase is credited to the policy up to the annual cap. When the ending value is lower than the beginning value, no interest will be credited; however, no interest will be lost, leaving the policy value protected with a 0% floor.
Monthly Averaging
Each policy anniversary, the monthly S&P 500 ® index value for the 12 month period since your last anniversary date is averaged (ending value) and compared to the S&P 500 ® index value on the last policy anniversary (beginning value). When the ending value is higher than the beginning value, the percentage increase is credited to the policy up to the annual cap. When the ending value is lower than the beginning value, no interest will be credited; however, no interest will be lost, leaving the contract value protected with a 0% floor. (ICC17-SSLIANMAEN-OT, SSLIANMAEN-XX)
Daily Average
Each policy anniversary, the daily S&P 500 ® index values following the last policy anniversary is averaged (ending value) and compared to the S&P 500 ® index value on the last policy anniversary (beginning value). When the ending value is higher than the beginning value, the percentage increase is credited to the policy up to the annual cap. When the ending average value is lower, no interest will be credited; however, no interest will be lost, leaving the contract value protected with a 0% floor. (ICC17-SSLIANDAEN-OT, SSLIANDAEN-XX)
Monthly Sum
Each policy anniversary, the S&P 500 ® index value for each month following the last policy anniversary (ending value) for 12 months is compared to the previous month’s S&P 500 ® index value (beginning value) to determine the percentage change. Monthly percentage increases (up to the monthly cap) are added to monthly percentage decreases (with no cap) for each of the 12 months. When the 12 month total is positive, the full amount is credited to the contract. When the 12 month total is negative, no interest will be credited; however, no interest will be lost, leaving the contract value protected with a 0% floor. (ICC17-SSLIANMSEN-OT, SSLIANMSEN-XX)
Not available in all states. Contact an agent or visit www.sslco.com for listings.
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