![]() ![]() ![]() The same applies to any situation where the annuitant is confined to a nursing home for 90 consecutive days or more. Terminal Illness/Nursing Home Care: If you’re diagnosed with a heart attack, stroke, life-threatening cancer or another terminal illness, withdrawal charges are waived.Preferred 10% Free Withdrawal: Beginning during your second year of ownership, your first withdrawal each year can surpass the allotted fee-free amount of 10%.Required Minimum Distribution: This will let you make your required minimum distributions (RMDs) without having to worry about withdrawal fees or market value adjustments (MVAs).Here’s a breakdown of the options available to you: Although this contract earns interest at a fixed rate, its real draw is the selection of benefit riders annuitants can choose from. The Personal Choice annuity from Sentinel Security Life has a $2,500 minimum initial premium and a maximum issue age of 90. When it comes to Sentinel’s financial strength, A.M. A financial advisor can help you determine which type of annuity or life insurance policy is best suited to fit your needs.Īnnuity TypeMulti-year guaranteed annuity (MYGA) Today, the Utah-based company offers a wide selection of fixed indexed, income and multi-year guaranteed annuities, as well as life insurance and healthcare insurance policies. Sentinel Security Life Insurance Company has been in business for over 70 years, having first opened in 1948. ![]()
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