The Standard Launches the Index Select Annuity
Business Wire, Inc. |
New product has highest interest rate cap offered by The Standard
ISA policyholders can choose from a five- or seven-year surrender-charge period and are able to allocate funds between an index interest account and a fixed interest account. The portion of funds allocated to the index interest account will be credited a rate based on the performance of the Standard & Poor’s 500 index up to the stated index rate cap and will not lose any value if the S&P 500® goes down.
The portion of funds allocated to the fixed interest account will be credited an interest rate that is guaranteed for one year. After that guarantee period, the contract will receive renewal rates based on the current interest rate environment.
“The ISA is an exciting addition to our product lineup and was designed to offer policyholders an ideal combination of growth potential, safety and tax deferral,” said
Basing the index interest account’s crediting rate on the performance of the Standard & Poor’s 500 index allows policyholders to benefit from the growth of the index and, at the same time, be protected from market downturns. In addition, the annual index term design credits gains in the index at the end of each 12-month period, avoiding excessively long waits for index crediting. The earnings are then locked into the index interest account value and will not be reduced in the event of negative index performance in the future.
Disclosure
“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc., and have been licensed for use by
The guarantees of the annuity are based on the financial strength and claims-paying ability of
The product and its features may not be available in all states and are subject to change. Please refer to the contract for a complete and detailed explanation of benefits, limitations and restrictions.
About The Standard
The Standard is a leading provider of financial products and services, including group and individual disability insurance, group life, AD&D, dental and vision insurance, retirement plans products and services, individual annuities and investment advice. For more information about The Standard, visit www.standard.com.
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Source: The Standard
Copyright: | Copyright Business Wire 2012 |
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