Multi-Choice Annuity (No WD) 7
Multi-Choice Annuity (No WD) 7
Product Name
Multi-Choice Annuity (No WD) 7
Annuity Type
Multi-Year Guarantee Annuity
Issuing Insurance Company and Ratings
Product Information
The Multi-Choice Annuity (No WD) 7 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 7 year guarantee period annual yield is 5.15% 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) 7 has a full penalty free withdrawal window after 7 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
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Nov 10th, 2022
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7 years
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Premium Amount: $100,000 - $1,000,000 High-Band
| Current | |
|---|---|
| 7 Year Guarantee Period Annual Yield: | 5.15% |
| Interest rate start of year 1 through end of year 7: | 5.15% |
Premium Amount: $15,000 - $99,999 Low-Band
| Current | |
|---|---|
| 7 Year Guarantee Period Annual Yield: | 5.05% |
| Interest rate start of year 1 through end of year 7: | 5.05% |
Initial Surrender Charge and MVA Periods
Early Surrender Charges: 7 years
Market Value Adjustment (MVA): 7 years
Penalty Free Full Withdrawal Window Available After: 7 years
State variations may exist, refer to product disclosure for details.
Other Guarantee Periods Available
Policy Details
Min Premium Non-Qualified: $15,000
Max Premium Non-Qualified: $1,000,000
Max Issue Age Non-Qualified: 90
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: 90
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)
