Aspida Aspida Synergy Choice 2 (w/ liquidity)
Product Overview
Insurer: Aspida Life Insurance Company
Brochure: View
$100,000+: 5.00%
$25,000 - $99,999: 4.85%
-40bps Moving Down in 6 Days
Basic Features
| Feature | Details |
|---|---|
| Product Name | Aspida Aspida Synergy Choice 2 (w/ liquidity) |
| Insurer | Aspida Life Insurance Company |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 2 Years |
| Current Rate for $100,000+ | 5.00% |
| Current Rate for $25,000 - $99,999 | 4.85% |
| Next Rate Change | 03/18/2025, -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 |
|
| Free RMDs | Yes |
| 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 (w/ 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:
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 10% free withdrawals in year 2+.
Withdrawals for RMDs are free.
There is also a traditional accumulated account value death benefit for your beneficiaries.
Earn a guaranteed compound interest rate on this fixed annuity:
- 5.10% for $100,000+
- 4.95% 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 10% free withdrawals in year 2+.
Withdrawals for RMDs are free.
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: 5.00% for premiums of $100,000+. 4.85% 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: Yes, there is liquidity as the product allows for 10% in year 2+ that do not incur any surrender charges.
- RMDs: Yes, RMDs can be taken out without penalty.
- 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 Band | Effective Date | Guaranteed 2-Year Yield to Surrender |
|---|---|---|
| $100,000+ | 03/18/2025 | 4.60% |
| 01/21/2025 | 5.00% | |
| 11/13/2024 | ||
| 08/14/2024 | 4.85% | |
| $25,000 - $99,999 | 03/18/2025 | 4.45% |
| 01/21/2025 | 4.85% | |
| 11/13/2024 | ||
| 08/14/2024 | 4.70% |
Available Terms & Current Rates
| Premium Band | Term | Guaranteed Yield to Surrender |
|---|---|---|
| $100,000+ | 2 | 5.00% |
| 3 | 5.15% | |
| 5 | 5.35% | |
| 7 | 5.40% | |
| $25,000 - $99,999 | 2 | 4.85% |
| 3 | 5.00% | |
| 5 | 5.20% | |
| 7 | 5.25% |