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Product Details

Overview

California only: ECI Plus is pending approval. ECI remains available for sale. 
Refer to your distributor Product Spreadsheet for state availability.

Customize your retirement strategy through a combination of indices, crediting options and enhanced product features.

The Enhanced Choice Index Plus is a single-premium, deferred index annuity offering multiple crediting strategies linked to index performance. Through a combination of indices, crediting options and enhanced product features, you can customize a retirement strategy that best aligns with your financial goals.

New! Optional Legacy Max Enhanced Death Benefit Rider

Legacy Max is a new optional death benefit rider available to help maximize what you pass along to your heirs.1 It provides opportunities for guaranteed growth in declining markets, as well as performance-based growth in positive markets. If your clients are 80 or younger, they may choose the new Legacy Max rider at purchase. The rider may provide beneficiaries with a greater death benefit than what’s included in the base annuity policy.

Legacy Max offers:

  • Opportunities for guaranteed growth in declining markets
  • Performance-based growth in positive markets
  • A way to maximize your client's financial legacy for their heirs

ECI Plus Features

Issue Age2
  • ECI Plus 5: Issue through age 933
  • ECI Plus 7: Issue through age 90
  • ECI Plus 10: Issue through age 80
Premium

$15,000 – $1,000,000        
Greater amounts may be accepted if pre-approved by The Standard before you submit an application. Premium will be allocated to the accounts on the contract effective date. All expected premium must be noted on the application and the policy will not issue until all funds are received. The contract effective date is the day we receive all of the expected premium.

Index Interest Accounts

Index Term

1-year point-to-point

Index Options
  • S&P 500® Index
  • S&P MARC 5% ER Index
  • S&P 500 Daily Risk Control 5% ER Index
  • S&P 500 ESG Daily Risk Control 5% ER Index
  • NEW! BofA Global MegaTrends Index
Interest Crediting Strategies
  • Index Participation Rate
  • Enhanced Index Participation Rate4
  • NEW! Index Cap Rate on S&P 500® Index only
  • NEW! Enhanced Index Cap Rate4 on S&P 500® Index only
Multi-Year Guaranteed Participation Rates

Participation rates guaranteed for the entire surrender-charge period are available on some index crediting options. After that, the participation rate may change annually.

IndexECI Plus 5ECI Plus 7ECI Plus 10
S&P 500® Index1 year1 year1 year
S&P MARC 5% ER Index5 years7 years1 year
S&P 500 Daily RC 5% ER Index5 years7 years1 year
S&P 500 ESG Daily RC 5% ER Index5 years7 years1 year
BofA Global MegaTrends Index5 years7 years 1 year 

 

Fixed Interest Account

A fixed interest rate that credits daily. We guarantee this interest rate for one year.

Account Allocation

On initial allocation at purchase, clients must allocate a minimum of 15% of their total premium to the index interest accounts. Additionally, a minimum allocation amount of $2,000 per account applies. Account allocations may be changed once a year at the end of the index term. If your clients choose to reallocate their funds, they will be transferred on the first day of the next index term.

Surrender Charge Period

There is a choice of a 5, 7, or 10-year surrender-charge period, with no surrender charges thereafter.

 

1 May not be available in all states or distributors.

2 Maximum issue age may vary by distributor.

3 The purchase of the annuity for those age 91-93 must be for transfer-of-wealth or estate-planning purposes.

4 In exchange for a fee, clients receive a higher rate. This gives the annuity fund the potential to grow at a higher rate. The annual fee is 1.50% based on the value of the index interest account as of the start of the index term. Fees are deducted from the value of the index interest account at the end of each index term, after interest is credited. Not available with Legacy Max death benefit rider.

Some products and rate guarantee periods available through select distribution only.

Products of Standard Insurance Company. Product features and availability varies by state.

Features

California only: ECI Plus is pending approval. ECI remains available for sale.  
Refer to your distributor Product Spreadsheet for state availability.

ECI Plus Key Features

  • Guaranteed minimum accumulation benefit, or GMAB
  • Multi-year guaranteed participation rate on some index crediting options
  • Market value adjustment feature 
  • Single, joint owners and certain non-natural owners
  • Surrender charge periods
    • ECI Plus 5: 5-year surrender-charge periods 
      (9.4%, 8.5%, 7.5%, 6.5%, 5.5%)
    • ECI Plus 7: 7-year surrender-charge periods 
      (9.4%, 8.5%, 7.5%, 6.5%, 5.5%, 4.5%, 3.5%)
    • ECI Plus 10: 10-year surrender-charge periods 
      (9.4%, 8.5%, 7.5%, 6.5%, 5.5%, 4.5%, 3.5%, 2.5%, 1.5%, 0.5%)
  • Surrender-charge free withdrawal options
    If surrender charges are waived, so is the MVA
    • 10% annual withdrawals1
    • IRS required minimum distributions
    • Terminal conditions2 with partial index credit available
    • Nursing home residency2 with partial index credit available
    • Death of owner with partial index credit available
    • Annuitization with partial index credit available
  • No annual contract fees
  • 30-day free look period

Legacy Max Key Features

  • Death Benefit Base
    The death benefit base is used to determine the amount that is available for your beneficiaries. The initial benefit base equals your total premium. It is reset each contract anniversary to the greater of:
    • Guaranteed enhancement value: Provides 6% annual compounded growth
    • Performance enhancement value: Applies a growth factor of 200% each anniversary to the total amount of interest credited
  • Rider Charge
    • 0.80% for ages 69 and younger at issue
    • 1.20% for ages 70-80 at issue
  • Death Benefit Max
    The death benefit base is limited to the greater of:
    • 125% of your surrender value excluding any MVA
    • Premium received accumulated at a 10% annual effective rate, but not to exceed 250% of all premium received — minus any withdrawals including surrender charges

Refer to the Legacy Max brochure for full product details.

 

1 Available after the first contract year. Withdrawal amount is based on a percentage of the value of the annuity fund as of the contract anniversary.

2 Applies after the first contract year. Additional limitations, state variations and exclusions may apply.

Some products and rate guarantee periods available through select distribution only.

Products of Standard Insurance Company. Product features and availability varies by state.

Index Descriptions

California only: ECI Plus is pending approval. ECI remains available for sale.  
Refer to your distributor Product Spreadsheet for state availability.

Index Choices

S&P 500® Index

The S&P 500® Index tracks the performance of 500 of the top companies in leading industries of the U.S. economy. It is one of the most commonly followed equity indices and widely regarded as the best single gauge of large-cap U.S. equities.

S&P MARC 5% ER Index

The S&P Multi-Asset Risk Control 5% Excess Return Index aims for more stable index performance with a diversified multi-asset index that uses an innovative design to manage market volatility. It tracks three underlying asset classes: equities, commodities and fixed income. The index is rebalanced daily to maintain a target volatility of 5%.

S&P 500 Daily Risk Control 5% ER Index

The S&P 500 Daily Risk Control 5% Excess Return Index’s goal is to create stable returns using the existing S&P 500® Index crediting design combined with a volatility target. The index is adjusted daily to target a 5% level of volatility. Clients will see upside potential with less exposure to market fluctuations, while benefiting from the performance of U.S. large-cap markets.

S&P 500 ESG Daily Risk Control 5% ER Index

The S&P 500 ESG Daily Risk Control 5% Excess Return Index’s objective is to provide stable returns using the S&P 500® Index, but focusing on companies with improved environmental, social and governance characteristics. The index is adjusted daily to target a 5% level of volatility. Clients will see upside potential with less exposure to market fluctuations. This index allows your clients to align their investment objective with their sustainable values.

New! BofA Global MegaTrends Index

The BofA Global MegaTrends Index is designed to tap into global innovation and long-term growth trends, while using the latest technology to manage risk. It is made up of four live indices created by MSCI, concentrating on four future-focused themes — robotics, the digital economy, millennials and disruptive technology. The Index applies Salt Financial’s truVol® Risk Control Engine to target 7% annualized volatility.

 

Some products and rate guarantee periods available through select distribution only.

Products of Standard Insurance Company. Product features and availability varies by state.

Sales Resources

California only: ECI Plus is pending approval. ECI remains available for sale.  
Refer to your distributor Product Spreadsheet for state availability.

ECI Plus Marketing Materials

Sales Guide (For producers only.)

Fact Sheet

ECI Plus Brochure 

Legacy Max Brochure

Product Highlights Flyer

Numerical Examples

 

Index Information Guides

Article: Return Types for Insurance Indices — price return (PR), total return (TR) or excess return (ER)

S&P 500® Index (SPX)

Index Landing Page with Factsheet and Methodology

Brochure: Understanding the S&P 500®

S&P MARC 5% ER Index (SPMARC5P)

Index Landing Page with Factsheet and Methodology: Choose Excess Return in the drop-down menu

Brochure: S&P MARC 5%

2022 Performance Summary flyer: S&P MARC 5%

S&P 500 Daily Risk Control 5% ER Index (SPXT5UE)

Index Landing Page with Factsheet and Methodology: Choose Excess Return in the drop-down menu

Brochure: S&P 500 Daily Risk Control 5% Index 

Limiting Risk Exposure with S&P Risk Control Indices

S&P 500 ESG Daily Risk Control 5% ER Index (SPXESU5E)

Index Landing Page with Factsheet and Methodology: Choose Excess Return in the drop-down menu

Brochure: S&P 500 ESG Daily Risk Control 5% Index

Brochure: S&P 500 ESG Index: Integrating ESG Values into the Core

ESG Theme Page

BofA Global MegaTrends Index (BOFAMEG7)

BofA Index Landing Page

BofA Monthly Fact Sheet

BofA Brochure

MSCI Factsheet: Disruptive Technology

MSCI Factsheet: Millennials

MSCI Factsheet: Digital Economy

MSCI Factsheet: Robotics

 

ECI Plus Sample Policies

ECI Plus 5 Specimen Contract – Generic

ECI Plus 7 Specimen Contract – Generic

ECI Plus 10 Specimen Contract – Generic

ECI Plus With Legacy Max Sample Policies

ECI Plus 5 Specimen Contract with Legacy Max

ECI Plus 7 Specimen Contract with Legacy Max

ECI Plus 10 Specimen Contract with Legacy Max

 

Some products and rate guarantee periods available through select distribution only.

Products of Standard Insurance Company. Product features and availability varies by state.

Enhanced Choice Index Plus Rates

Effective Date:

ECI Plus 5

annual point-to-point : 5-year surrender and MVA period : fixed interest crediting 4.25%
Rate Enhanced Rate
Cap Rate: S&P 500 Index 9.50% 12.50%
Par Rate: S&P 500 Index 43% 58%
Par Rate: S&P MARC 5% ER Index 175% 230%
Par Rate: S&P 500 Daily RC 5% ER Index 175% 230%
Par Rate: S&P 500 ESG Daily RC 5% ER Index 175% 230%
Par Rate: BofA Global MegaTrends Index 115% 150%

ECI Plus 7

annual point-to-point : 7-year surrender and MVA period : fixed interest crediting 4.25%
Rate Enhanced Rate
Cap Rate: S&P 500 Index 10.00% 13.00%
Par Rate: S&P 500 Index 45% 60%
Par Rate: S&P MARC 5% ER Index 180% 235%
Par Rate: S&P 500 Daily RC 5% ER Index 180% 235%
Par Rate: S&P 500 ESG Daily RC 5% ER Index 180% 235%
Par Rate: BofA Global MegaTrends Index 120% 155%

ECI Plus 10

annual point-to-point : 10-year surrender and MVA period : fixed interest crediting 4.25%
Rate Enhanced Rate
Cap Rate: S&P 500 Index 9.50% 12.50%
Par Rate: S&P 500 Index 50% 65%
Par Rate: S&P MARC 5% ER Index 185% 240%
Par Rate: S&P 500 Daily RC 5% ER Index 185% 240%
Par Rate: S&P 500 ESG Daily RC 5% ER Index 185% 240%
Par Rate: BofA Global MegaTrends Index 125% 160%

* No MVA on products sold in California.

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