What Are Fixed Annuities?

A fixed annuity is a contract between you and an insurance company for a guaranteed interest bearing policy that includes optional guaranteed income choices. The insurance company credits interest on your fixed annuity, but you don’t pay taxes on the earnings until you make a withdrawal or begin receiving an income stream from your fixed annuity. A fixed annuity earns competitive interest rates that are very safe. Because a fixed annuity is tax-deferred, you earn additional interest compounding on the money you would normally be paying in taxes.

The Sentinel Security Life Personal Choice TM fixed annuity was created with the flexibility to meet your needs. First, you have the choice of the duration of the annuity which can be five, seven, or ten years; meaning you will have access to your money when you need it.

Second, the Personal Choice AnnuityTM allows you to determine the optional features, called riders, that fit your needs. In most cases annuities are loaded with riders that you don’t want or need, giving you a lower interest rate during the life of the fully-loaded annuity. With the Personal Choice AnnuityTM you have the option of including only the features that you require, which will allow you to earn a higher interest rate. You have the choice of six different optional riders. You can pick and choose “a la carte” in any combination depending on your needs. You pay only for those features you want.