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Fixed Indexed Annuity

Summit Bonus Index — Sentinel Security Life

Sentinel Security Life

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2.5%

Best S&P 500 Annual Cap

10%

Free W/D

33

Available states

Product data status: October 2, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what Summit Bonus Index would do for you

Set your numbers and switch between growth, income, and liquidity. Negative index performance does not produce a negative index credit. Fees, withdrawals and surrender charges can reduce contract value.

Product analyzer
Illustrative — live CANNEX rates as of October 2, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$167,378
Gross crediting illustration at age 80 (Summit Bonus Index)
Excludes the 1.3% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms); 1.3% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms). This is not a net contract value.
10%
Premium bonus offered

Gross crediting illustration for each line; excludes the 1.3% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms); 1.3% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms).

S&P 500 Index — 2.5% Cap
✦
How crediting works: the cap limits positive index returns; a down index year has 0% index credit before rider charges. This illustration deducts no rider charge and is not a net contract value. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Summit Bonus Index's published cap rate (2.5% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Gross crediting only: this illustration excludes the 1.3% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms); 1.3% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms) reported in the source. Applicable rider charges depend on contract terms; their deduction bases are not modeled. Each listed charge is not deducted, and no net contract value is shown. Growth starts from a bonus-adjusted illustrative account value: $100,000 premium + $10,000 premium bonus (10%) = $110,000. Bonus vesting and withdrawal treatment follow the contract. Not a projection, quote, or guarantee. Live CANNEX rates as of October 2, 2026.

Free Comparison Report

Get a Summit Bonus Index rate report

See how Summit Bonus Index compares for your age, state, premium, and income goals alongside other Sentinel Security Life fixed indexed annuity options.

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rate data

Run numbers for Summit Bonus Index

rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Sentinel Security Life product.

Live product data

Rates as of October 2, 2026, from AdvisorWorld and CANNEX.

S&P 500 annual point-to-point cap rate

2.5% cap on S&P 500

An accumulation-focused fixed indexed annuity from Sentinel Security Life built around a recognizable S&P 500 annual point-to-point cap plus monthly and averaging cap variants on the same index, a fixed declared-rate sleeve, a premium bonus credited at issue, and a published RMD waiver — with no lifetime-income rider in the design.

1-year term10-year surrenderDoes not vary by premiumAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers committing to a long deferral who want a recognizable S&P 500 cap as their like-for-like comparison line, value a premium bonus credited at issue, want an explicit RMD waiver around the surrender schedule, value a meaningful annual free-withdrawal allowance against the lockup, and accept a below-A-bracket carrier in exchange for the bonus and rate menu this contract publishes.

AM Best

B Fair

Surrender period

10 years

Free withdrawal

10%/yr

Availability

33 states (restricted footprint)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

2.5% cap rate

Rate effective Apr 11, 2026

Annual point-to-point

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

monthly avg cap

2.5% cap rate

Rate effective Apr 11, 2026

Monthly cap

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

2.5% cap rate

Rate effective Apr 11, 2026

Cap strategy

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

1.1% cap rate

Rate effective Apr 11, 2026

Monthly sum

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

Fixed Account

Fixed Account

1.5% declared rate

Rate effective Apr 11, 2026

Fixed account

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

Lifetime Income Riders

Income rider

Guaranteed Withdrawal Benefit

RMD friendly
Lifetime payout rate6% lifetime payout
Annual rider fee1.3% annual rider fee
Guaranteed roll-up7.25%/yr · compound · for up to 20 years

Product analyst notes

How to think about this contract

Why it can stand out

  • The contract publishes a premium bonus credited at issue on top of premium, hedging the long surrender commitment for a buyer who may need to walk away before crediting has compounded.
  • Crediting menu includes a recognizable S&P 500 annual point-to-point cap, giving this contract a clean like-for-like comparison line against any other FIA on this site rather than only proprietary indexes.
  • An RMD waiver is published on the contract, so a buyer subject to required minimum distributions has an explicit waiver path around the surrender schedule rather than relying only on the annual free-withdrawal allowance.
  • The annual free-withdrawal allowance sits at the upper end of the FIA range, giving meaningful penalty-free liquidity each year against the long surrender lockup.

What to confirm

  • This is an accumulation-focused fixed indexed annuity. There is no optional lifetime-income rider attached in this data and no built-in Protected Income Value chassis — do not buy this contract for a guaranteed lifetime withdrawal; its job is index-linked growth, not income.
  • The S&P 500 cap is published on multiple cadences on the same contract — annual point-to-point, monthly point-to-point, monthly-sum, and daily averaging. The monthly and averaging variants are not like-for-like comparable to the annual cap and look different in absolute terms — read the cadence and crediting category column before reading the cap number.
  • The premium bonus is credited subject to the contract's published vesting and recapture rules, so the headline bonus is not money in a buyer's pocket on day one — confirm the vesting schedule and any state-specific bonus variations before treating the bonus as immediately liquid.
  • Carrier financial-strength rating from A.M. Best sits below the A-bracket baseline that most national-brand FIAs carry, the surrender lockup runs the full filing term, and the death benefit pays a contract-defined value rather than account value — weigh carrier strength, lockup length, and legacy mechanics together before committing.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want a plain MYGA-style declared rate without bonus complexity, require an account-value-based death benefit, demand a name-brand A-bracket carrier, expect the premium bonus to be liquid early in the contract, or need short-surrender liquidity beyond the annual free-withdrawal allowance.

Free Comparison Report

Get a Summit Bonus Index rate report

See how Summit Bonus Index compares for your age, state, premium, and income goals alongside other Sentinel Security Life fixed indexed annuity options.

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All crediting strategies

View rate listings (10 strategies)

These listings show published strategy details and any available rates. Use the filters to narrow by index, term, premium band, or rate type.

Cap: 2.5% · 1-yr

S&P 500 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Apr 11, 202610-yr surrenderDoes not vary by premium

Cap: 2.5% · 1-yr

S&P 500 Index

monthly_avg_cap · 0% annual strategy fee

Requested state: TXRate effective Apr 11, 202610-yr surrenderDoes not vary by premium

Cap: 2.5% · 1-yr

S&P 500 Index

cap · 0% annual strategy fee

Requested state: TXRate effective Apr 11, 202610-yr surrenderDoes not vary by premium

Cap: 2.5% · 1-yr

S&P 500 Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Cap: 2.5% · 1-yr

S&P 500 Index

monthly_avg_cap

Requested state: TX10-yr surrenderDoes not vary by premium

Cap: 2.5% · 1-yr

S&P 500 Index

cap

Requested state: TX10-yr surrenderDoes not vary by premium

Fixed: 1.5% · 1-yr

Fixed Account

Fixed account · 0% annual strategy fee

Requested state: TXRate effective Apr 11, 202610-yr surrenderDoes not vary by premium

Fixed: 1.5% · 1-yr

Fixed Account

Fixed account

Requested state: TX10-yr surrenderDoes not vary by premium

Cap: 1.1% · 1-yr

S&P 500 Index

Monthly sum · 0% annual strategy fee

Requested state: TXRate effective Apr 11, 202610-yr surrenderDoes not vary by premium

Cap: 1.1% · 1-yr

S&P 500 Index

Monthly sum

Requested state: TX10-yr surrenderDoes not vary by premium

Income riders

Income rider

Guaranteed Lifetime Withdrawal Benefit

RMD friendly
Lifetime withdrawal rate6%
Annual rider fee1.3%
Guaranteed roll-up7.25%/yr · compound · for up to 20 years
Deferral assumed0 years
Issue age45 — 120
Joint availabilityJoint life

GLWB

Income rider

Guaranteed Lifetime Withdrawal Benefit

RMD friendly
Lifetime withdrawal rate5.5%
Annual rider fee1.3%
Guaranteed roll-up7.25%/yr · compound · for up to 20 years
Deferral assumed0 years
Issue age45 — 120
Joint availabilityJoint life

GLWB

Linked review

Summit Bonus Index review notes

Discover the Sentinel Life Summit Bonus Fixed Indexed Annuity, offering market-linked growth, premium bonuses, and secure lifetime income.

3/5Read review
Nikhil Bhauwala

Common questions about Summit Bonus Index

● Can I lose money in Summit Bonus Index?

A negative index return by itself does not reduce the contract's account value: Summit Bonus Index credits 0% — the floor — for that indexed period. The account value can still decrease from the published rider fee, withdrawals, surrender charges, other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● Is the Guaranteed Lifetime Withdrawal Benefit income rider worth the 1.3% fee?

It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the published roll-up (7.25%/yr · compound · for up to 20 years) and 6% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 10 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Summit Bonus Index's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available Summit Bonus Index strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

1

RMD waiver

Premium bonus

10%

Bonus terms can vary by state, premium band, and rider election.

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

0.25%

Minimum guaranteed cap for cap-based indexed strategies.

Fixed account guarantee

1.00%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

100.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Annuitization options

Certain period, Single life

Published payout options from the normalized contract facts.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

8.5%

Yr 3

7.5%

Yr 4

6.5%

Yr 5

5.5%

Yr 6

4.5%

Yr 7

3.5%

Yr 8

2.5%

Yr 9

1.5%

Yr 10

0.5%

After

0%

RMD waiver

Documents

brochure

SSLSBIBR-OT-080123-v5-2.pdf

Confidence: highReviewed Apr 8, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestB

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Summit Bonus Index currently shows 10 indexed or fixed crediting options, including S&P 500 Index. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 2.5% annual cap, 0% annual strategy fee
  • S&P 500 Index: 2.5% monthly cap, 0% annual strategy fee
  • S&P 500 Index: 1.1% monthly cap, 0% annual strategy fee

Income rider language

What to look for before treating the rider as income

Guaranteed Lifetime Withdrawal Benefit is the main income rider listed for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

  • 6% withdrawal rate
  • 1.3% rider fee
  • RMD friendly
  • Joint life availability

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 10 surrender years
  • RMD waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as SSLSBIBR-OT-080123-v5-2.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

Get a Summit Bonus Index rate report

See how Summit Bonus Index compares for your age, state, premium, and income goals alongside other Sentinel Security Life fixed indexed annuity options.

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