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Product Details

Overview

Not available in California.
Refer to your distributor Product Spreadsheet for state availability.

Maximize Your Earnings Potential With Confidence

The Higher Standard Index Annuity offers Index Interest crediting and Fixed Interest crediting. Flexible crediting options give your clients the opportunity to customize the annuity to fit their retirement strategy.

There is a choice of a 6, 8, or 10-year surrender-charge period, with no surrender charges thereafter.

How the Higher Standard Index Annuity Works

Index Interest Crediting

Funds in the Index Interest account earn interest based on the performance of the S&P 500 index. By tying an annuity's interest crediting to the index, the funds can participate in general market gains. At the same time, they are protected from downturns.

Clients can choose interest crediting using an annual point-to-point Index Rate Cap, an annual point-to-point Index Participation Rate or have funds in both options.

Annual Index Rate Cap

Clients earn interest based on the growth of the index each year, up to the annual index rate cap. Funds in this account will participate in 100 percent of the percentage growth in the index up to the rate cap.

Annual Index Participation Rate

Clients earn interest based on a percentage of the growth of the index each year. That percentage is the annual participation rate. The participation rate is multiplied by the percentage growth in the index at the end of the term.

Index Term and Crediting

Each point-to-point index term is 12 months, and we credit interest once at the end of the term. Interest is based on the growth of the index from the beginning to the end of the index term. As interest is credited, the earnings are locked into the Index Interest account value. Funds in the Index Interest account will never decrease if the market goes down.

At the end of each index term, your clients will receive notice from us of the Index Rate Cap and Index Participation Rate for the next index term. The new rate may be higher or lower than their initial rate.

Fixed Interest Crediting

Funds in the Fixed Interest account are credited daily with the fixed interest rate. We guarantee this interest rate for one year at the time of purchase. Like the Index Interest account, any earnings from interest are locked into the account value.

After that, your clients will receive notice from us of the fixed interest crediting rate for the next year. The rate may be higher or lower than the interest rate of their initial rate guarantee period.

Account Allocations

Your clients can choose to place their funds in the index interest account, the fixed interest account or both. A total of at least 15% of premium must be allocated to the index accounts (index rate cap or index participation rate), and no less than $2,000 in any account to which funds are allocated. 

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.

Target Clients

The Higher Standard Index Annuity is a good fit if you like the benefits of tax-deferred growth with upside potential based on market performance.

This annuity is also an excellent way to enhance your client’s retirement-savings plan and can be used to fund Traditional IRAs, Roth IRAs, Pensions Plans or Simplified Employee Pensions.

 

Rates may change without notice. Products of Standard Insurance Company. Product features and availability varies by state.

Features

Not available in California.
Refer to your distributor Product Spreadsheet for state availability.

  • S&P 500 index interest crediting options:
    • Annual point-to-point with rate cap
    • Annual point-to-point with participation rate
  • Fixed interest with one-year rate guarantee period
  • Issue Age:
    • HSIA 6 or 8: Issue to age 90
    • HSIA 10: Issue to age 80
  • Guaranteed minimum accumulation benefit (GMAB)
  • $25,000 to $1,000,000 initial premium1 (greater amounts may be accepted if pre-approved by The Standard before you submit an application)
  • Market value adjustment feature
  • Joint Owner and Joint Annuitant options
  • Choice of 6, 8 or 10-year surrender-charge period
    • HSIA 6: 9.4%, 8.5%, 7.5%, 6.5%, 5.5%, 4.5%
    • HSIA 8: 9.4%, 8.5%, 7.5%, 6.5%, 5.5%, 4.5%, 3.5%, 2.5%
    • HSIA 10: 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.
    • 5% annual withdrawals2
    • 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
    • Death of Annuitant
    • Annuitization with partial index credit available
  • No annual contract fees

 

1 All expected premium must be noted on application, policy will not issue until all funds are received.

2 Applies after the first contract year.

Rates may change without notice. Products of Standard Insurance Company. Product features and availability varies by state.

Sales Resources

Not available in California.
Refer to your distributor Product Spreadsheet for state availability.

HSIA Marketing Materials

Financial Strength

Sample Policies

 

* Not for use in California.

Rates may change without notice. Products of Standard Insurance Company. Product features and availability varies by state.

Higher Standard Index Annuity Rates

Effective Date:

HSIA 6

annual point-to-point : 6-year surrender and MVA period : fixed interest crediting 5%
$25,000 $150,000
Cap Rate 10.60% 10.85%
Participation Rate 62% 64%

HSIA 8

annual point-to-point : 8-year surrender and MVA period : fixed interest crediting 5%
$25,000 $150,000
Cap Rate 10.75% 11.00%
Participation Rate 63% 65%

HSIA 10

annual point-to-point : 10-year surrender and MVA period : fixed interest crediting 5%
$25,000 $150,000
Cap Rate 10.80% 11.05%
Participation Rate 65% 67%
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