Focused Growth Annuity Key Features Premium Amounts
The minimum premium is $15,000 and maximum premium is $1,000,000. Greater amounts may be possible if pre- approved by The Standard before you submit an application. You may add additional premium in the frst 90 days. Issue Age 3
• Focused Growth Annuity 3 and 5 for owners age 18–93 4 and for annuitants age 0–93 4 • Focused Growth Annuity 7 for owners age 18–90 and for annuitants age 0–90 • Focused Growth Annuity 10 for owners age 18–80 and for annuitants age 0–80
Tax-Qualifcation Options This annuity may be established as an Individual Retirement Annuity or a Simplifed Employee Pension to start or continue a qualifed retirement savings account. There are no other tax advantages to buying an annuity as part of a qualifed plan other than those provided by the plan itself. This annuity may also accept lump-sum premiums and complete or partial exchanges of non-qualifed funds. Advantages of Tax Deferral Taxes are due only when you’ve withdrawn funds or scheduled distributions from the annuity.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. Please consult a tax professional for guidance. Time to Refect on the Purchase You may cancel and return your contract within 30 days after it is delivered to you. We will refund your premium after a cancellation, minus any withdrawals you’ve taken.
3. Maximum issue age may vary by distributor. 4. The purchase of the annuity for those age 91-93 must be for transfer-of-wealth or estate-planning purposes.
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