Principal Growth Annuity
 

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

The Principal Growth Annuity is a flexible premium deferred annuity offering a one-year interest rate guarantee period and the choice of a five-, seven- or nine-year surrender period. Additional premium payments are accepted and credited with the rate in effect at the time of receipt; the crediting rate for additional premiums is also guaranteed for one year. 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 surrender period, during which time policyowners are generally required to make a decision prior to the start of a new surrender period.

The PGA 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 issue age for the PGA is 90.

Initial Premium

$5,000 is the minimum initial premium necessary to establish the policy. $1,000,000 is the maximum initial premium allowed for establishing an PGA, however, higher amounts may be permitted with the prior approval of The Standard’s home office.

Additional Premiums

Additional premium payments can be made through the life of the contract. Each additional premium can be no less than $1,000 and the maximum additional premiums made in any contract year must not be greater than the initial contract year’s total premium amount, without prior home-office approval. Additional premiums will be credited with the rate in effect at the time they are received; the crediting rate for additional premiums is guaranteed for one year.

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.

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)

12474 (08/05)