Key Features
Guaranteed Minimum Accumulation Benefit We ensure that your 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. This value is calculated as 100% of your original premium minus any withdrawals you’ve taken and associated charges. This ensures that your annuity fund will earn at least a guaranteed minimum interest growth by the end of the surrender-charge period. Premium Amounts The minimum premium is $15,000 and maximum premium is $1,000,000. Greater amounts may be accepted if pre- approved by The Standard before you submit an application. Issue Age 1
• ECI 5 for owners age 18–93 2 and for annuitants age 0–93 2 • ECI 7 for owners age 18–90 and for annuitants age 0–90
Tax-Qualification Options To start or continue a qualified retirement account, we allow the transfer or rollover of funds from qualified plans such as an IRA, Roth IRA or 401(k) into a qualified Individual Retirement Annuity. For non-qualified funds, we allow for 1035 exchanges, direct transfers or lump sum payments to open a non- qualified annuity. Advantages of Tax Deferral Taxes are due only when you’ve withdrawn funds or scheduled distributions from the annuity.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 Reflect 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.
1 Maximum issue age may vary by distributor. 2 The purchase of the annuity for those age 91-93 must be for transfer-of-wealth or estate-planning purposes.
The Standard
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