Multi-Choice Annuity (No WD) 3

Multi-Choice Annuity (No WD) 3

Product Name

Multi-Choice Annuity (No WD) 3

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

The Standard – Standard Insurance Company - View details

(3rd of 15 ratings)
(5th of 20 ratings)
(5th of 21 ratings)
Not Rated
(percentile of rated companies)

Product Information

The Multi-Choice Annuity (No WD) 3 is a deferred multi-year guarantee annuity issued by The Standard – Standard Insurance Co.

This annuity is a premium banded product. The interest rate you earn will vary depending on the amount of premium you deposit (see Rate Details below). Currently, the highest 3 year guarantee period annual yield is 4.65% on premium amounts of $100,000 – $1,000,000.  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 Multi-Choice Annuity (No WD) 3 has a full penalty free withdrawal window after 3 years.

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.

The Standard – Standard Insurance Co is rated “A” by A.M. Best, was founded in 1906, and has over $21.2 billion in total assets.

Rate Details

Nov 10th, 2022
Not Scheduled
3 years

Premium Amount: $100,000 - $1,000,000 High-Band

3 Year Guarantee Period Annual Yield: 4.65%
Interest rate start of year 1 through end of year 3: 4.65%

Premium Amount: $15,000 - $99,999 Low-Band

3 Year Guarantee Period Annual Yield: 4.55%
Interest rate start of year 1 through end of year 3: 4.55%

Initial Surrender Charge and MVA Periods

Early Surrender Charges: 3 years
Market Value Adjustment (MVA): 3 years
Penalty Free Full Withdrawal Window Available After: 3 years

State variations may exist, refer to product disclosure for details. 

Policy Details

Min Premium Non-Qualified: $15,000
Max Premium Non-Qualified: $1,000,000
Max Issue Age Non-Qualified: 93
Rate Lock on Transfers: 45 days
Death Benefit: Accumulation Value

Min Premium Qualified: $15,000
Max Premium Qualified: $1,000,000
Max Issue Age Qualified: 93
Subject to MVA: Yes
Income Rider Available: No

Penalty Free Withdrawal Provisions

First Year Withdrawals: None
Cumulative Withdrawals: No
Penalty Waivers: Annuitization, Death, Nursing Home and Terminal Illness

Years 2+ Withdrawals: None
RMD Friendly: Yes

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  NY (as of 03/15/2022)