Effective June 8, 2020 the Guaranteed Income Annuity’s Subsequent Premium Fixed Rate and the GLWB Rider payout factors will decrease.
June 7, 2020 - Date application must be signed to receive current premium bonus, roll-up rates, and payout factors. Applications must be signed by June 7 or before to receive the current rates.
June 8, 2020 - Date when new premium bonus, roll-up rates, and payout factors take effect. Any application signed on June 8, 2020 and later will receive the new rates.
June 9, 2020 - Date application must be received in the Home Office to receive the current premium bonus, roll-up rates, and payout factors. Applications signed by June 7, 2020 or earlier must be received in the Home Office by June 9, 2020 to receive the current rates. Sentinel will accept faxed or emailed applications on June 9, 2020.
July 22,2020 - Date rate lock ends. All transfers and exchanges for any application signed on June 7, 2020 or earlier must be completed by July 22, 2020 in order to receive the current rates.
