Multi-Year Guarantee Annuity
Issuing Insurance Company and Ratings
The Eleos-SP 5 is a deferred multi-year guarantee annuity issued by Reliance Standard Life Insurance Company.
The current 5 year guarantee period annual yield is 4.15% (see Rate Details below). This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Eleos-SP 5 has a full penalty free withdrawal window after 5 years.
During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis.
Beginning with the first contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.
This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.
Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.
Reliance Standard Life Insurance Company is rated “A++” by A.M. Best, was founded in 1907, and has over $18.6 billion in total assets.
Initial Surrender Charge and MVA Periods
Early Surrender Charges: 5 years
Market Value Adjustment (MVA): N/A
Penalty Free Full Withdrawal Window Available After: 5 years
State variations may exist, refer to product disclosure for details.
Other Guarantee Periods Available
Min Premium Non-Qualified: $10,000
Max Premium Non-Qualified: See Notes
Max Issue Age Non-Qualified: 85
Rate Lock on Transfers: 45 days
Death Benefit: Accumulation Value
Min Premium Qualified: $10,000
Max Premium Qualified: See Notes
Max Issue Age Qualified: 85
Subject to MVA: No
Income Rider Available: No
Penalty Free Withdrawal Provisions
First Year Withdrawals: 10%
Cumulative Withdrawals: No
Penalty Waivers: Death, Hospitalization and Nursing Home
Years 2+ Withdrawals: 10%
RMD Friendly: No
See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Not available in: MO, MT, NY and UT (as of 11/11/2020)