The Multi-Choice Annuity offers features to optimize your growth potential. It’s a good fit if you’re a long-term saver who likes the benefits of tax-deferred growth and protection as part of your retirement strategy. Few taxable investments provide this blend of safety, growth, and flexibility.
Issue Age Maximum issue age may vary by distributor Issue to age 90
Premiums $15,000 – $1,000,000
Greater amounts may be possible if pre-approved before you submit an application. You may add an additional premium in the first 90 days.
Time to Reflect on the Purchase You may cancel and return your contract within 30 days after it is delivered to you. We will refund your premium after a cancellation, minus any withdrawals you’ve taken.
Required Minimum Distributions You can schedule IRS required minimum distributions for tax-qualified plans without a surrender charge.
Market Value Adjustment A market value adjustment applies to withdrawals or surrenders that are subject to a surrender charge. We base the adjustment on a formula that takes into account changes in the MVA Index at that time. We will waive the MVA when the surrender charge is waived. The MVA can increase or decrease the surrender value of the annuity. Generally, if interest rates have risen since the beginning of the current surrender-charge period, the MVA will decrease the surrender value. If interest rates have fallen, the MVA will generally increase the surrender value.
Death Benefits Death benefit payments are available without a surrender charge.
Annuitization You may convert your deferred annuity to a payment stream with The Standard at any time without a surrender charge. You must choose either a lifetime payment option or a certain period of at least five years.
Choice of Withdrawal Options The unique feature of the Multi-Choice Annuity allows you to select an optional withdrawal provision that best meets your financial needs.
No optional withdrawal provision
Interest-only withdrawal after 30 days
10% annual withdrawal provision applies after the first contract year.
10% annual withdrawals and Guarantee of Principal (GOP) applies after the first contract year.
Life income with a certain period
Joint and survivor life income
Joint and survivor life income with a certain period
Joint and contingent survivor life income
Lump-sum Other options may be available.
Plan Type Inherited IRAs for spouses only Note: TSP funds have to be rolled into an IRA.