Secured Rate Annuity
 

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

The Secured Rate Annuity is a single premium deferred annuity offering multiple interest rate guarantee periods and flexible withdrawal options. Some SRA options even provide bonus rewards for your clients’ long-term savings commitment.

Your clients may choose a one-, three-, five- or six-year interest rate guarantee period and secure 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.

The SRA 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 SRA 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 SRA, however, higher amounts may be permitted with the prior approval of The Standard’s home office.

Additional Premiums

Once an SRA 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.

Product availability varies by state.

Not For Use With Consumers

Policies: SRA, SRA-B
Riders: SWO-DEF (09/01), ERTSA-DEF (09/01), NERTSA-DEF (09/01), TSALN (09/01), IRA (07/02), Roth IRA (07/02), R-QPP (09/03), R-DB (07/04)

12473 (08/05)