The Reliance Guarantee 10 Year Fixed Annuity
A smart choice for safety conscious individuals seeking financial security and growth
The Reliance Guarantee 10 year fixed annuity
payment is involved and in situations where multiple transfers and/or exchanges and cash are combined into one contract, the Date of Issue will be the date that the funds from the last source are received. Early withdrawal penalties Should you decide to withdraw more than the Penalty-free amount allowed during the first 10 years of your contract, your annuity value will be subject to early withdrawal penalties (Early Withdrawal Penalties include a market value adjustment and surrender charges). Penalty-free access You can withdraw up to 10% of the premium paid in the first contract year, and after the first year, up to 10% of the annuity value each year with no early withdrawal charges. Withdrawals may be taken either as a lump sum or spread/ scheduled throughout the contract year. The minimum withdrawal amounts are: Unscheduled Check - $500, Scheduled Check - $250, and Scheduled EFT - $100.
A single premium, tax deferred fixed annuity issued by Reliance Standard. Available for non-qualified, Traditional IRA, Roth IRA, SEP-IRA and Pension Trusts.
Guaranteed base interest rate years 1-10
Minimum guaranteed years 11+
2.30 %
1.00%
Interest rate and interest rate guarantee periods
The interest rate credited to your annuity is guaranteed for 10 years from the date of issue. Interest rates for new deposits are subject to change so ask your agent to confirm the current interest rates for the Reliance Guarantee annuity. Reliance Guarantee annuity contracts are issued each business day and begin earning interest on the Date of Issue which is the date the premium is received by Reliance Standard. If more than one premium
Surrender charges There are no initial sales charges or fees, 100% of your premium earns interest from the date of issue of the annuity contract. The Surrender Charge Schedule for the Reliance Guarantee 10 is shown below:
Contract year
1
2
3
4
5
6
7
8
9
10 11
Surrender charge 1
9.00% 8.00% 7.00% 6.00%
5.00%
4.00% 3.00%
2.00%
1.00%
0.50%
0.00%
Market value adjustment (MVA) A market value adjustment occurs when you make early withdrawals from your annuity exceeding the penalty-free amount or request a full surrender of your annuity within the first 10 years of your contract (the MVA period). A market value adjustment increases or decreases your annuity value based on the difference between current base interest rates for the same interest guarantee period and the current base interest rate in effect when your annuity contract was issued. If current interest rates for the same guarantee period are more than 0.5% 2 lower than the base interest rate of your contract, your annuity value will receive a positive adjustment. If current base interest rates are less than 0.50% 2 lower or are higher than the current base interest rate, your annuity value will receive a negative adjustment.
1 Surrender Penalties 8.5%, 7.5%, 6.5%, 5.5%, 4.5%, 3.5%, 2.5%, 1.5%, 1%, 0% for Issue Ages 60+ in CA. 2 In Florida, if current interest rates are lower than the base interest rate of your contract, your annuity value will receive a positive adjustment should you decide to make an early withdrawal where the market value adjustment applies.
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