Principal Growth Annuity
If you’d like a copy of the PGA brochure, contact one of The Standard’s annuity specialists at (800) 247-6888.
The PGA offers growth potential while providing safeguards to protect your hard-earned savings. The PGA is an ideal savings vehicle if you are seeking the benefits of tax-deferred growth, principal protection and generous access to funds.
If you are age 90 or younger, you can establish a PGA with a premium amount of your choice, ranging from $5,000 to $1,000,000 (or more with prior home-office approval). You may make additional payments through the life of the contract. Each deposit must be at least $1,000, and the total additional premium in any contract year cannot be more than your first-year premium without prior home-office approval. Additional premiums will receive the interest rate in effect at the time the premium is received in the home office.
You or your beneficiary will never receive less than 100% of your premium paid, net of withdrawals and TSA loans (including applicable interest) taken.
Each of your premiums will be credited a guaranteed interest rate for one year. After the guarantee period, each will receive a renewal rate based on the current interest-rate environment.
If you’d like a copy of the PGA brochure, contact one of The Standard’s annuity specialists at (800) 247-6888.
Each premium payment is credited 1% additional interest for one year from receipt in the home office.
Your contract will include a minimum guaranteed rate, below which your renewal rate will never fall.
Each premium payment is assigned a bailout of 1% less than the initial rate. If your crediting rate falls below the bailout rate declared for that premium payment, you may withdraw that portion of the account value associated with the payment without a surrender charge.
You may withdraw all or a portion of your annuity funds at any time. However, surrender charges may apply to withdrawals taken during the surrender period. The surrender charges below represent a percentage of the annuity’s balance; they are based on the contract’s effective date and will not be extended with additional deposits.
| Year | 1 | 2 | 3 | 4 | 5 | ||||
| Charge | 8% | 7% | 6% | 4% | 2% |
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | ||
| Charge | 9% | 8% | 7% | 6% | 5% | 4% | 2% |
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
| Charge | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Withdrawals must be at least $500, and you must maintain a minimum balance of $2,000. Please note that an additional 10% IRS penalty may apply to withdrawals taken before age 59½.
The PGA offers a variety of ways to access funds from your annuity without incurring a surrender charge.
After an initial 30 days, you may receive interest payments without a surrender charge.
After the first contract year, you may annually withdraw up to 10% of the previous-contract-year’s annuity value without a surrender charge.
If your contract is held as an IRA, TSA or other qualified plan, you may receive IRS Required Minimum Distributions without a surrender charge.
Beginning immediately, you may receive 72(t) or 72(q) withdrawals without a surrender charge.
After the first contract year, if you become a nursing home resident for 30 or more consecutive days, or if you incur a terminal condition, you may withdraw from your annuity without a surrender charge.
The nursing home waiver is not available in Massachusetts and state-specific conditions apply to the terminal condition waiver.
At any time, if you convert your PGA into a payout annuity with The Standard and choose either a lifetime or a period-certain option of five years or more, you will begin receiving guaranteed income payments without a surrender charge.
From the date you receive your annuity contract, you have 30 days to consider your decision. If you decide to terminate the transaction during the 30 days, we will return your premium.
Since 1906, The Standard has been dedicated to treating customers with integrity — a philosophy that results in strong financial strength ratings.
The FPDA is an ideal vehicle for those who want to customize their retirement savings strategy. You can make payments monthly, quarterly,
semi-annually or annually. And you may change the amount and frequency of your payments to match your changing financial situation and long-term savings goals.
If you are age 90 or younger, you can establish an FPDA with an initial premium ranging from $600 total first-year deposits to $1,000,000 (or more with prior home-office approval). You may make additional payments through the life of the contract. The total premium in any given year cannot be more than 200% of the previous-year deposits or $10,000, whichever is less, without prior home-office approval. Additional premiums will receive the interest rate in effect at the time the premium is received in the home office.
You or your beneficiary will never receive less than 100% of your premium paid, net of withdrawals and TSA loans (including applicable interest) taken.
Each of your premiums will be credited a guaranteed interest rate for one year. After the guarantee period, each will receive a renewal rate based on the current interest-rate environment.
Your contract will include a minimum guaranteed rate, below which your renewal rate will never fall.
Taxes will be due only when you make withdrawals or begin taking distributions — generally during retirement, when you may find yourself in a lower tax bracket. As a result, interest accumulates on your principal, your earnings and on the money you would otherwise pay in income taxes.
Special annuitization features in the contract can provide a guaranteed income for life or for a specific period of your choice. These options can be used to cover living expenses in your retirement.
If your retirement strategy includes an opportunity for periodic payments into a savings plan, the FPDA is ideal for you. The freedom to customize your deposit is paired with the benefits of tax deferral and safety guarantees.
You may withdraw all or a portion of your annuity funds at any time. However, surrender charges may apply to withdrawals taken during the surrender period. The surrender charges below represent a percentage of the annuity’s balance; they are based on the contract’s effective date and will not be extended with additional deposits.
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
| Charge | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Withdrawals must be at least $500, and you must maintain a minimum balance of $2,000. Please note that an additional 10% IRS penalty may apply to withdrawals taken before age 59½.
The FPDA offers a variety of ways to access funds from your annuity without incurring a surrender charge.
After an initial 30 days, you may receive interest payments without a surrender charge.
After the first contract year, you may annually withdraw up to 10% of the previous-contract-year’s annuity value without a surrender charge.
After holding the contract for five years, and if you have reached the age of 59½, you may withdraw funds without a surrender charge.
If you’d like a copy of the FPDA brochure, contact one of The Standard’s annuity specialists at (800) 247-6888.
If your contract is held as an IRA, TSA or other qualified plan, you may receive IRS Required Minimum Distributions without a surrender charge.
Beginning immediately, you may receive 72(t) or 72(q) withdrawals without a surrender charge.
After the first contract year, if you become a nursing home resident for 30 or more consecutive days, or if you incur a terminal condition, you may withdraw from your annuity without a surrender charge.
The nursing home waiver is not available in Massachusetts and state-specific conditions apply to the terminal condition waiver.
At any time, if you convert your FPDA into a payout annuity with The Standard and choose either a lifetime or a period-certain option of five years or more, you will begin receiving guaranteed income payments without a surrender charge.
From the date you receive your annuity contract, you have 30 days to consider your decision. If you decide to terminate the transaction during the 30 days, we will return your premium.
Since 1906, The Standard has been dedicated to treating customers with integrity — a philosophy that results in strong financial strength ratings.
The following applies if the annuity is purchased through a bank or a credit union: (a) the annuity is not a deposit; (b) the annuity is not guaranteed by any bank or credit union; (c) the annuity is not insured by the FDIC or any other governmental agency; (d) the purchase of an annuity is not a provision or condition of any bank or credit union activity; and (e) some annuities are subject to investment risk and may go down in value.
Product availability varies by state.
Policies: FPDA
Riders: SWO-DEF (09/01), R-QPP (09/03), R-EIO (09/03), R-NHB (09/03), R-TCB (09/03), R-TEN (09/03), R-GOP (09/03), ERTSA-DEF (09/01), NERTSA-DEF (09/01), TSALN (09/01), IRA (07/02), Roth IRA (07/02), R-DB (07/04), R-595 (12/03)
12470 (08/05)