First Rate Annuity
 

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

The First Rate Annuity is a single premium deferred annuity offering a one-year interest rate guarantee period, during which a bonus of 2.00% additional interest is credited, and a seven-year surrender period. At the end of the guarantee period, your clients benefit from competitive renewal rates based on the current economic environment and market conditions. In addition, your customers will be spared the hassle of a 30- or 60-day window at the end of the surrender period, during which time policyowners are generally required to make a decision prior to the start of a new surrender period.

The FRA 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 the IRS 10% early-withdrawal penalty, IRS Required Minimum Distributions from qualified plans and IRAs, and nursing home and terminal condition waivers. Details of these flexible withdrawal features follow.

Issue Ages

The maximum annuitant issue age for the FRA 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 FRA; however, higher amounts may be permitted with the prior approval of The Standard’s home office.

Additional Premiums

Once an FRA 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

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.

Not available in all states, including GA.

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), 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)

12659 (08/05)