Best's belief that Sentinel Security Life will be challenged to improve its net operating performance and risk-adjusted capitalization going forward given the expense strains anticipated from projected new business growth, interest expense associated with its surplus note issuance and the continuing challenges of managing its increasing levels of interest-sensitive liabilities through the persistent low interest rate environment. Sentinel Security Life has incurred net operating losses over the past three years that were impacted by elevated expenses related to the company's expansion, expense strains associated with its new business growth and several one-time expenses. The company's unfavorable net operating performance during the past three years has contributed to lower-than-expected capital levels. The high level of growth has led to heightened reliance on reinsurance and has strained its risk-adjusted capital position. The negative outlook reflects weak operating results due to rapid growth in fixed annuity sales, declining spreads and costs related to product development and market expansion. The outlook for both ratings remains negative. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of "bbb" of Sentinel Security Life Insurance Company (Sentinel Security Life) (Salt Lake City, UT). We do business as Annuity Resources Insurance Services in CA. We focus on selling MYGAs, SPIAs, and DIAs and refer those interested in other types of annuities to other insurance agencies when possible. Annuity Resources, LLC is a licensed fixed annuity producer in most states. Annuities are distributed by Annuity Resources, LLC. They may offer an annuity to you for sale. When you contact us you may speak with a licensed insurance agent in your state. Please contact us to receive the latest brochure. Annuity information on this site may not be current or applicable in your state. The materials, names, logos, brochures, etc used in our annuity reviews are property of their owners and not those of. Product availability varies based on the state you live. The reviews and annuity information on this website may not be current and may not apply in the state you live in. All guarantees are backed by the claims-paying ability of the insurance company. Annuities are not offered by the US Government, not government-guaranteed, and are not FDIC insured. Please consult with a qualified financial planner, advisor, tax, and legal advisor to determine if an annuity is right for your situation. This website is not intended to be a recommendation for you to purchase an annuity. Please work with a qualified specialist.ĭISCLAIMER: The information on this website is for educational purposes only. Interest would be taxed, but the principal would not. Non-qualified withdrawals have been taxed already, so only interest is taxed. If you withdrawal money that has never been taxed, withdrawals are 100% taxable. If your elected beneficiary is your spouse he/she can take the accumulated value without surrender charges at time of death.Īnnuities typically grow tax-deferred. The cash surrender value includes a possible surrender charge and market value adjustment unless they wait until the contract term ends. If you pass away before the end of your annuity contract, your beneficiaries will receive the cash surrender value. If you do nothing, the contract renews for the same term and rates effective at that time. Withdrawal any amount free of charges and fees.Ģ. This product is only available in the following states (MN).ģ0 Days prior to the end of your contract term, you will have the option to choose from the following.ġ. Personal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |