Flexible Premium Deferred Annuity
 

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

The Flexible Premium Deferred Annuity is an annuity that offers accommodating contribution modes and flexible withdrawal options. It is an ideal savings vehicle for those who want the ability to customize their retirement savings strategy. The FPDA is designed to optimize the growth potential of your clients’ retirement savings while preserving their capital — all without the risks associated with the investment markets. Additionally, the FPDA is a perfect funding vehicle for tax-qualified money in the form of IRAs, 403(b) TSAs or SEPs.

Your clients may choose to contribute monthly, quarterly, semiannually or annually and may change the amount and frequency of payments any time. Each deposit will receive the current rate for a one-year guarantee period. And 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. After the surrender period ends, there is no automatic restart of the surrender schedule.

The Standard’s FPDA 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 a 10% annual withdrawal option, payments of interest earnings, 72(t) and 72(q) SEPPs for early retirement income without penalties, IRS Required Minimum Distributions from qualified plans, and nursing home and terminal condition waivers.

Issue Ages

The maximum annuitant issue age for the FPDA is 90.

Initial Premium

$600 first-year premium is the minimum necessary to establish the policy. $1,000,000 is the maximum initial premium allowed for establishing an FPDA, however higher amounts may be permitted with the prior approval of The Standard’s home office.

Additional Premiums

Once an FPDA is established, your client may contribute additional premiums at any time, the amount to be based on the prior year’s contributions. Additional premiums received will be credited with the current 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

Non-qualified contracts valued less than $10,000 will be assessed a $25 fee annually. There are no fees on qualified contracts.

Premium Guarantee

Principal is 100% guaranteed. Regardless of economic fluctuations at home or abroad, we guarantee that your client or the beneficiary will never receive less than total premium payments, less any previous withdrawals or outstanding loan balances. This is a guarantee that many other investments cannot provide.

Product availability varies by state.

Not For Use With Consumers

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)

12476 (08/05)