Sentinel Life has come out with the Summit Bonus Index Annuity with an optional income rider. The product is only available in the states of UT,FL and NC. The plan has a number of crediting methods but none of them provide anything that is not available with a number of other similar annuities. What makes this annuity special is the income rider they offer making it a great choice for the looking for max future income.
Income riders are one of the best ways to generate future income. They have become wildly popular and just about every annuity company out there is using them to appeal to prospective clients. When it comes to picking the best income rider for future income, it is important not to get caught up with the bells and whistles of the products. Big income bonuses, stacking of gains, LTC riders, and so on really mean nothing. The only thing that is important is how much the company will pay for future income in a given year. If you are going to give a company $200,000 and want income in 5 years, the only thing that matters is who will pay you the most income in 5 years.
Sentinel Life currently has the highest paying income rider available. Up until the release of the Summit product the highest income payout was the Security Benefit SIA income annuity. CLICK HERE FOR INFO ON THE SIA ANNUITY. The other advantage of the Sentinel product is that it can be purchased at age 45 while most other competitive income riders can not be bought until 50 or 55 years of age.
If you are in need of guaranteed future income, the Summit Bonus Index income rider is worth consideration. CLICK HERE FOR SUMMIT INCOME CALCULATOR