Aspida Aspida Synergy Choice 2 (no liquidity)

Product Overview

Brochure: View
$100,000+: 4.70%
$25,000 - $99,999: 4.55%
-40bps Effective: 3/18/2025

Basic Features

FeatureDetails
Product Name Aspida Aspida Synergy Choice 2 (no liquidity)
Insurer Aspida Life Insurance Company
Ratings
  • A.M. Best: A-
  • Rating Date: 4/2023
Agent/Broker PlanEasy Inc.
Annuity Type Multi-Year Guaranteed Annuity (MYGA)
Term 2 Years
Current Rate for $100,000+ 4.70%
Current Rate for $25,000 - $99,999 4.55%
Last Rate Change 3/18/2025, -40bps
Interest Type Compound Interest
State Availability AL, AK, AZ, AR, CA, CO, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Free Withdrawals No. If you request a withdrawal or surrender your contract before the end of your current guarantee period, you would be subject to a withdrawal charge and market value adjustment on any amount you withdraw.
Free RMDs No
Death Benefit Yes
MVA Yes
Nursing Home Waiver No
Terminal Illness Waiver No
Surrender Charge by Year 9.0%, 8.0%
Funding Sources Personal Investment, Cash, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Pension
Terms Available 2, 3, 5, 7 Years
Age Restrictions 18 to 90 Years Old

Quick Summary

The Aspida Aspida Synergy Choice 2 (no liquidity) is a 2-year Multi-Year Guaranteed Annuity (MYGA) issued by Aspida Life Insurance Company and sold through PlanEasy Inc., a national online annuity agency.Earn a guaranteed compound interest rate on this fixed annuity:
  • 4.70% for $100,000+
  • 4.55% for $25,000 - $99,999
Your compound rate is locked in for 2 years, ensuring predictable, tax-deferred growth.This fixed annuity is a strong alternative to bank CDs, offering stable returns with tax-deferred benefits.The product has no free withdrawals in year 1 and no free withdrawals in year 2+.Withdrawals for RMDs are subject to surrender charges.There is also a traditional accumulated account value death benefit for your beneficiaries.

Key Details

  • Ratings: Aspida Life Insurance Company is rated A- by A.M. Best.
  • Guaranteed Rates: 4.70% for premiums of $100,000+. 4.55% for premiums of $25,000 - $99,999. This fixed guaranteed rate ensures predictable tax-deferred growth, making it an excellent alternative to bank CDs.
  • Term: The interest rate is guaranteed for 2 years with a surrender charge schedule of the same duration.
  • Free Withdrawals: No, there are no free withdrawals on this product.
  • RMDs: No, RMDs are not free, unless part of any available free withdrawals.
  • Age Eligibility: Available for owners between 18 to 90 years old.
  • Minimum Premium: Investors can contribute a minimum of $25,000
  • Death Benefit: Yes, the product has a traditional death benefit of the annuity's accumulation value, available to the beneficiary with no surrender charges.
  • Market Value Adjustment (MVA): Yes, the MVA is applicable to any withdrawals that also incur surrender charges.
  • Nursing Home Waiver: No, there is no nursing home waiver.
  • Terminal Illness Waiver: No, there is no terminal illness waiver.

Current & Historical 2-Year Rates

Premium BandEffective DateGuaranteed 2-Year Yield to Surrender
$100,000+ 3/18/2025 4.70%
1/21/2025 5.10%
11/13/2024
8/14/2024 4.95%
$25,000 - $99,999 3/18/2025 4.55%
1/21/2025 4.95%
11/13/2024
8/14/2024 4.80%

Available Terms & Current Rates

Premium BandTermGuaranteed Yield to Surrender
$100,000+ 2 4.70%
3 4.95%
5 5.25%
7 5.30%
$25,000 - $99,999 2 4.55%
3 4.80%
5 5.10%
7 5.15%