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| * Interest rates are subject to change without notice in the current environment – call 800.496.3572 to confirm rates! |
| The Standard |
|
IGA 5 |
| A |
| 5 Year(s) |
| 0-90 |
| S&P 500 Index and Fixed Account |
| High Band |
Low Band |
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|
| S&P |
S&P |
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| $100k+ |
$15k+ |
|
|
| 100% |
100% |
|
|
| 3.75% |
3.00% |
|
|
| No |
No |
|
|
| N/A |
N/A |
|
|
| No |
No |
|
|
| 1.70% |
1.70% |
|
|
| Single |
| |
| 100% |
| Never |
| None, but has no surrender penalties if below Bailout Rate [Initial Cap Rate Minus 2%] |
| Annually |
| N/A
|
| 1.00% on 100% |
| No |
| N/A |
| No |
| No |
| Annual Reset w/Bailout |
| No Averaging |
| No |
Index Interest Account:
In the Index Interest account, interest is calculated annually, and in case of gain, credited annually. The rate is determined as 100% of the growth of the Standard & Poors 500 index over a 12 month period, up to a pre-specified index cap rate. After the initial index term, a renewal index rate cap will be declared annually based upon the current economic environment. As interest is credited, the earnings are locked in to the account value. Although gains will be credited when the S&P 500 experiences gains, the account will never participate in any losses that the index may see.
IGA Premium S&P 500 Values & Cutoff Dates:
Allocation to the Index Interest account is made on the 15th day of each month. IGA S&P 500® Index Values are determined on those days. Click here to view the S&P 500® Index Values as of recent allocation dates.
IGA Index Funds to be allocated will be held until all expected monies are received and then allocated as a single deposit. All premium, as applied for, must be received on or before the cutoff dates for an allocation on the 15th of any given month.
New! IGA Cap Renewal Rate History!
Click Here for a great article on how The Standard determines the renewal cap rates on the IGA 5 and 7
Fixed Interest Account:
In the Fixed Interest account, interest is calculated and credited daily. The initial rate is guaranteed for one year. After the one year guarantee period, the premium will receive a renewal rate based upon the current economic environment.
PG1 = Optional Principal Guarantee:
Your client will never recieve less than the premium paid net of any withdrawals taken. Cost of rider varies and is subtracted from the cap, not the accumulation value. [Surrender Charges will not dip into principal if this rider is elected.] |
| Yes |
| 1.50 |
| Annually |
| Annually |
| No |
| 8,7,6,4,2,0% |
Bailout Provision:
The annuity is assigned a bailout index cap rate of 2% less than the initial index cap rate. If a renewal index cap rate is declared that is below the bailout index rate, your client may withdraw funds from the index interest account without a surrender charge only during the period that the cap rate is below the bailout.
Bailout Provision Example:
If current cap is 8.00% and a couple of years down the road, the cap renews at less than 6.00% then the client can get their money out surrender free. We think the bailout feature makes this annuity one of the fairest on the market place and is perfect for agents who do not like using trust me annuities.
Partial Index Credit: 1
Interest applied to the Index Account in the case of certain mid-index-term distribution events [nursing home, terminal condition, annuitization, or death] that might occur at another time other than the end of the 12 month index term. So if the client were to have one of these events in say the 18 month, the value would be based on a calculation that would include gains in the underlying S&P index during the final 6 months and not revert back to the value at the previous anniversary like most competing products do. |
| Yes, 10% from day 1. |
| No |
| None. No automatic reset of surrender charges. Client can walk at any time after surrender period is over with no penalty. |
Yes:
After the first contract year, if you become a nursing home resident for 30 or more consecutive days, surrender charges are waived on withdrawals, transfers, and surrender. Written Documentation is required. If initiated on other than at the end of the 12 month index term, there will be a Partial Index Credit: 1
[The nursing home waiver is not available in Massachusetts.] |
Yes:
After the first contract year, if you become terminally ill, surrender charges are waived on withdrawals, transfers, and surrender. Written Documentation is required. If initiated on other than at the end of the 12 month index term, there will be a Partial Index Credit: 1 if there were index gains. [In Massachusetts, the terminal illness waiver is available during — rather than after — the first contract year.] |
| No |
Yes:
You may convert your IGA into a payout annuity with The Standard and pay no surrender charges, provided you choose a life payment option or a payment period of 5 years or more. If initiated on other than at the end of the 12 month index term, there will be a Partial Index Credit: 1
|
| |
| $15,000 Qualified & Non-Qualified |
4.00%
2.25%
1.85%
Trails |
0-80
81-85
86-90
Avail. |
|
Trail Commission Options:
Ages 0-80
Option A: 4.00% upfront and 0.00% annual trail
Option B: 2.00% upfront and 0.40% annual trail
Option C: 1.00% upfront and 0.60% annual trail
Ages 81-85
Option A: 2.25% upfront and 0.00% annual trail
Option B: 1.50% upfront and 0.25% annual trail
Option C: Not Available
Ages 86-90
Option A: 1.85% upfront and 0.00% annual trail
Option B: 1.00% upfront and 0.25% annual trail
Option C: Not Available
Commission Chargeback Non-GOP Policies:
100% of commission will be recaptured on IGAs surrendered during the first six contract months. Fifty percent of commission will be recaptured on IGAs surrendered between the seventh and twelfth contract months.
Commission Chargeback - With optional GOP Rider:
Commission chargeback on GOP rider policies have been extended to 100% for policies surrendered during months 1-12 and 50% for policies surrendered during months 13-24.
There is no chargeback on death of the annuitant. |
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| Not Available in NY |
| Click Here |
| Click Here |
| IGA 5 Client Sales Literature |
IGA 5 Agent Sales Literature |
Click Here  |
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| Click Here |
Click Here  |
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