Fixed index annuity review and rates

Index Select Annuity 7

The Index Select Annuity 7 (ISA) is a single-premium deferred indexed annuity with a 7-withdrawal charge period. You purchase the annuity with one premium payment, but premiums are accepted during the first 90 contract days to accommodate multiple roll-overs, transfers, and exchanges. The ISA is a fixed deferred annuity which means interest is earned during the accumulation phase and annuity payments are deferred until the annuity date or upon annuitization. The ISA is an indexed annuity that offers separate annuity account allocation options: (1) the Fixed Interest Account; and (2) the Index Interest Account. You may allocate a premium between the two accounts. The ISA’s principal and earnings are not subject to income taxes until funds are withdrawn or distributed. A 10% IRS early-withdrawal penalty may apply to withdrawals or distributions prior to age 59½.
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3% Fixed
1-Year S&P 500 PTP Paticipation Rate
Point to Point
Annual
42% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.5% Cap
1-Year Fixed Account
Fixed
3% Fixed
1-Year S&P 500 PTP Paticipation Rate
Point to Point
Annual
44% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.75% Cap

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 9% 8% 7% 6% 5% 4%
The Standard Insurance Company
Founded: 1906
A.M. Best: A
S&P: A
Moody's: A1
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$15,000
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Pension, TSA 403b, SEP IRA, IRA-Roth, Inherited IRA, and TSP