Advantage Growth Annuity
Status:
Active
Group:
Standard
Company:
Standard Insurance Company
Product Type:
Fixed Annuity
Product Status:
Approved
Version:
0
Inception Date:
April 01, 2011
Closed Date:
January 01, 2020
Last Modified:
January 06, 2025 00:00
Description:
The Advantage Growth Annuity is a single premium deferred fixed annuity with a market value adjustment. The minimum premium is $15,000 for qualified and non-qualified funds. Additional contributions can be made during the first 90 days only. Accumulated interest can be withdrawn beginning 30 days from policy issue. There is a 10% annual free withdrawal of accumulated earnings after the first policy year. Systematic withdrawals are also an option. Surrender charges vary by rate term and are waived in the event of death, entrance into a nursing home, or diagnosis of a terminal illness. Age and state restrictions may apply. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Fee Based:
No
Free Look:
Yes
Plan Types:
HR-10 (Keogh), 403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, Spousal IRA, Others, 401 (a)
Premium Types:
Single
States Available:
AK, AL, AR, AZ, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, KS, KY, IN, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY, CA
States Exception:
BERMUDA, CA, GU, NY, PR, VI
Version Note:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 |