A Deferred Annuity That Offers S&P 500® Growth With Competitive Rate Caps
The Index Select Annuity is a single-premium, deferred indexed annuity designed to reflect the performance of the Standard & Poor's IndexTM and has the highest cap rates offered by The Standard. Your clients will participate in 100 percent of the growth of the index up to the pre-specified cap rate and at the same time they are protected from downturns.
A Combination of Fixed- and Indexed-Rate Accounts
This annuity offers a fixed interest account and an index interest account with an annual, point-to-point index term. At the end of the index term, your client benefits from competitive renewal caps and fixed interest crediting rates based on the current interest rate environment and current market conditions. The minimum premium requirement is $15,000 and we offer an increased cap rate for deposits of $100,000 or more.
Choice of Surrender Periods With Flexible Withdrawal Options
There is a choice of a five-, seven- or nine-year surrender charge period and the contract offers a variety of ways for your client to access funds before the end of the surrender charge period without paying a surrender charge. In addition, there is no window at the end of the surrender charge period, during which time owners are generally required to make a decision prior to a restart of surrender charges.
An index annuity is designed to capitalize on positive economic conditions, and returns may exceed returns of traditional fixed deferred annuity products.
This annuity is also an excellent way to enhance your client’s retirement-savings plan and can be used to fund 403(b) TSAs, IRAs and SEPs.