![]() ![]() Best is the world’s oldest and most authoritative insurance rating and information source. Best’s Recent Rating Activity web page.Ī.M. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. ![]() This press release relates to rating(s) that have been published on A.M. Best notes a shift in the investment strategy toward greater reliance on structured products held in Sentinel’s investment portfolio in the form of collateralized loan obligations, which may not have strong liquidity during stressed economic scenarios. These strengths are partially offset by heavy reliance on reinsurance to relieve statutory capital strain. This rating applies only to the overall nancial status of the Company and is not a recommendation of the specic policy provisions, rates, or practices of the Company. Best anticipates the company to demonstrate an improved financial profile as a result of recent strategic initiatives. Sentinel Security Life is rated B++ (Good) for nancial strength by A.M. While the company will continue to have additional expenses related to geographic expansion and product diversification efforts, as well as new business strain, A.M. The company has recently returned to profitability after upfront expenses related to infrastructure and process improvement incurred during the past year have been mostly completed. Sentinel markets final expense whole life, Medicare Supplement, Medicare Select Plans, and fixed annuities primarily to the senior market through personal producing agents and general agents. Best’s expectation that capital levels over the next few years will be maintained at higher levels than in the past, while the company continues to execute growth initiatives. Sentinel’s ratings recognize its new organizational structure and improved capital support from Advantage Capital. In June 2016, Advantage Capital Holdings, LLC (Advantage Capital) completed the purchase of Sentinel. Best has revised the outlooks to stable from negative and affirmed the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb” of Sentinel Security Life Insurance Company (Sentinel) (Salt Lake City, UT). Best, was founded in 1948, and has over $879 million in total assets.Oldwick //BestWire// - A.M. Sentinel Security Life Insurance Company is rated “B++” by A.M. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.ĭetails on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. This annuity also waives withdrawal penalties upon death. Beginning in the second contract year, this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year. The income payments cannot be outlived and your contract does not need to be annuitized.ĭuring the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.Īn income rider is available that provides the option of activating a guaranteed lifetime income stream at a future date. You can also allocate your premium between various strategy and index account options. When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 4.50% (see Rate Details below). The Retirement Plus Multiplier 10 is a deferred fixed indexed annuity issued by Sentinel Security Life Insurance Company. ![]()
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