Index Select Annuity


For the ISA available in California, please refer to your state specific Brochure and Broker Guide located under the Sales Resources tab.

Growth Potential With Downside Protection

The Index Select 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 five, seven, or 10-year surrender-charge period, with no surrender charges thereafter.

How the Index Select 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.

Target Clients

The Index Select 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 IRAs, 403(b) TSAs, and SEPs.

  • 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:
    • ISA 5: Issue to age 931
    • ISA 7: Issue to age 90
    • ISA 10: Issue to age 80
  • Guaranteed minimum accumulation benefit (GMAB)
  • $15,000 to $1,000,000 initial premium (greater amounts may be accepted if pre-approved by The Standard before you submit an application)
  • Additional premium accepted in first 90 days2
  • 45-day rate lock
  • Market value adjustment feature
  • Joint Owner and Joint Annuitant options
  • Choice of 5, 7 or 10-year surrender-charge period
    • ISA 5: 9.4, 8.5, 7.5, 6.5, 5.5%
    • ISA 7: 9.4, 8.5, 7.5, 6.5, 5.5, 4.5, 3.5%
    • ISA 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.
    • 10% annual withdrawals3
    • IRS Required minimum distributions
    • Terminal conditions3 with partial index credit available
    • Nursing home residency3 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 The purchase of the annuity for those age 91-93 must be for transfer-of-wealth or estate-planning purposes.

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

3 Applies after the first contract year.


Guaranteed Minimum Accumulation Benefit

We ensure that the annuity fund value reaches the guaranteed minimum accumulation value at the end of the surrender-charge period. If it is less than that, we’ll make a one-time adjustment to raise it to that amount. This adjustment is called the guaranteed minimum accumulation benefit.

  • ISA 5: 105% of net premium after five years
  • ISA 7: 107% of net premium after seven years
  • ISA 10: 110% of net premium after 10 years

45-Day Rate Lock

A rate lock allows 45 days from the time a request for a rollover, transfer or exchange is received in the home office. If funds are received within the 45-day window, your client will receive either the held rate or the current rate, whichever is greater.

Market Value Adjustment

The MVA is a key design feature that helps optimize the growth potential of the Index Select Annuity over the long term. The presence of an MVA helps protect the insurance company against early withdrawals from the annuity, and in turn, the MVA allows the insurance company to generally credit a higher interest rate to the annuity contract.

For those who do not plan on taking distributions beyond the penalty-free withdrawals allowed during the surrender period, the MVA can work to their advantage by helping them receive a more competitive interest rate.

Advantages of Tax Deferral

Taxes are due only when you've withdrawn funds or scheduled distributions from the annuity. Most people take these actions during retirement, when they are likely in a lower tax bracket. As a result, interest has been accumulating on principal, earnings and money that would have otherwise been paid in income taxes, and the taxes you do pay may be at a lower tax rate.

Time to Reflect on the Purchase

Your client may cancel and return their contract within 30 days after it is delivered. We will refund their premium after a cancellation, minus any withdrawals taken.

Sales Resources

Create ISA Numerical Examples with your own participation rate or rate cap.*

Enhanced ISA Marketing Materials

For the ISA available in California, please refer to your state specific Brochure and Broker Guide.

At a Glance Product Guide

Product Highlights Flyer 

Brochure for ISA 5, 7 & 10 

Broker Sales Guide (Broker Use Only) 

Product Information PowerPoint (Broker Use Only) 

Renewal Rate History 

S&P 500 Index Values


Brochure for ISA 5 and 7 

Brochure for ISA 5, 7 and 10 

Broker Sales Guide ISA 5 and 7 

Broker Sales Guide ISA 5, 7 and 10 


*Numerical examples not available for CA.