Synergy Choice TM Bonus When it comes to planning for retirement, there are many strategies to help you reach your goals. Synergy Choice Bonus from Aspida Life Insurance Company, available for people from 18-80 years of age, can be a valuable part of your retirement portfolio for a number of reasons. 1 Synergy Choice Bonus gives you the potential to earn interest in two different ways. You can earn interest based on your choice of several index options, or you can choose to receive fixed interest. 2 All contracts will include a 10% Premium Bonus at issue. The bonus will then vest at 10% per year. The premium, unvested bonus, vested bonus and interest credited will collectively be known as the Accumulated Value. For example, if your contract’s initial premium is $100,000 you will get an additional $10,000 in premium bonus vested at a rate of $1,000 per contract year. 3 Having access to your funds can give you the peace-of-mind you need. You can withdraw up to 10% of your Accumulated Value each year free of charge – after the first year of your contract – to help cover the unexpected. Any RMD required to be withdrawn from your tax- qualified IRA is free of charge after 30 days, even if it exceeds the free withdrawal amount. Another feature for that peace-of-mind? If you should later be confined to a nursing home or diagnosed with a terminal illness, you can withdraw up to 100% of your annuity’s Contract Value. 4 After one year, you have the option to turn your annuity’s contract value into a stream of regular income payments through a process called annuitization. There are several settlement options available for your contract, including those that will generate a guaranteed lifetime income. 5 Finally, if the unexpected does occur, knowing where your money goes is important. Our Synergy Choice Bonus can give you the security you need in case something were to happen to you. The death benefit pays the full account value plus a prorated portion of any index growth from the current crediting period and any unvested premium bonus directly to your beneficiaries without the delays and costs associated with probate, letting your family focus on the things that matter most.
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