Every insurance provider has at least one, but how do you choose the best one for your client?? Take a look at the Sagicor Platinum Series Sage Advantage Single Premium Deferred Annuity (SPDA).
Fixed-Indexed Single Premium Deferred Annuity
The Platinum Series Sagicor Sage Advantage SPDA is a Fixed-Indexed Single Premium Deferred Annuity available for age ranges from 15 days to 85 years old with premiums of $2K-$200K.? There are 3 crediting options which include a fixed rate, a traditional S&P annual point to point with a 4% cap, and a 3 index mixed global strategy where interest credited is calculated using 60% of the return of the best performing index plus 40% of the 2nd?best,?then a participation rate is applied.?It has a 9 year decreasing surrender schedule starting at just 8% and the minimum Guaranteed Account Value Interest Rate is 2% during the 1st year through the 13th?and 3% thereafter.
But what makes the Sagicor Sage Advantage SPDA so special?
- Extreme liquidity. The owner is allowed to withdraw, penalty free, 10% per year beginning after the 1st?year.? If the entire penalty free withdrawal isn?t used any particular year, the unused portion rolls over to the next year, eventually accumulating to a maximum of?50%.
- Bonus Interest. The owner will gain an immediate 5% Bonus Interest?vested.? This bonus is available up to 85 years old!
- Minimum Guarantee.? 2% minimum guarantee of 100% (with bonus of 105% of premium) for surrender or death.
- Market Value Adjustment.? NO MVA lets client get out without additional charge if interest rates go up.
*When you add up all of the bonuses, guarantees, free withdrawal and surrender charges, you are?guaranteed a positive walk away value?after 18 months.? What other indexed product can give you that security with upside?*
The Sagicor Sage Advantage SPDA is very competitive, extremely liquid, has strong index-based upside and protection from downside.? It is a must-have for any annuity client seeking a good guaranteed return, additional upside potential, and great liquidity.
Sagicor Life Insurance Company has a rating of A-(Excellent) from A.M. Best Company.? Sagicor has almost 60 years as a full-service life insurance company, is doing business in 44 states and District of Columbia and has assets of over $930 Million.
Get started with the Sagicor Sage Advantage SPDA today! Call your SilverSide Insurance Marketing team at 480.400.7171, or email us at Info@SilverSideInsurance.com.