Focused Growth Annuity
 

If you’d like more information about selling the FGA, contact The Standard’s annuity sales team at (800) 378-4578.
 

The Focused Growth Annuity is a single premium deferred annuity offering multiple interest rate guarantee periods and flexible withdrawal options. The FGA is designed to optimize the growth potential of your clients’ retirement savings while preserving their capital.

Your clients may choose either a five- or six-year interest rate guarantee period and receive the current rate for the length of the guarantee period. At the end of the guarantee period, your clients benefit from competitive renewal rates based on the current interest rate environment and current market conditions. In addition, your customers will be spared the hassle of a 30- or 60-day window at the end of the guarantee period, during which time policyowners are generally required to make a decision prior to the start of a new surrender period.

During the surrender period, both a surrender charge and a market-value adjustment applies.

The Focused Growth Annuity offers a variety of ways for your clients to access funds before the end of the surrender-charge period without paying a surrender charge. Easy withdrawal methods include payments of interest earnings, IRS Required Minimum Distributions from qualified plans, and nursing home and terminal condition waivers.

Issue Ages

The maximum annuitant issue age for the FGA is 90.

Initial Premium

$15,000 is the minimum initial premium necessary to establish the policy. $1,000,000 is the maximum initial premium allowed for establishing an FGA, however, higher amounts may be permitted with the prior approval of The Standard’s home office.

Additional Premiums

Once an FGA is established, your client may pay additional premiums during the first 90 contract days. Any additional premiums received will be credited with the interest rate in effect at the time of the payment, unless the additional premium results from a transfer, rollover or exchange request that is subject to the 60-day interest-rate lock.

Fees

There are no annual contract fees.

Premium Guarantee

After the surrender period, the owner or beneficiary will not receive less than 100% of the total premium payments, less any previous withdrawals or outstanding loan balances.
Loans on a 403(b) Tax Sheltered Annuity contract are available only after the surrender period has been completed.

Product availability varies by state.

Not For Use With Consumers

Policies: SPDA
Riders: SWO-DEF (09/01), R-QPP (09/03), R-EIO (09/03), R-NHB (09/03), R-TCB (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-MVA (09/03)

12475 (08/05)