Keystone 5
The Keystone 5 is a safe and smart choice for individuals who are planning their retirement. This annuity is designed to safeguard your retirement income while offering you guaranteed returns. Its tax-deferred growth protects the principal and ensures a lifelong income. The Keystone 5 is ideal if you want to rollover your lump sum payments from company-sponsored retirement or pension plans into an annuity.
This valuable annuity also offers financial stability with guaranteed growth and a guaranteed rate of return, ensuring your annuity will never lose value if your insurer remains financially solvent. Another advantage is the tax deferral that allows your annuity earnings to potentially grow faster over time. Moreover, your annuity guarantees that you can receive payments as long as you live, providing you increased security and peace of mind.
Keystone 5
About Product
On each contract anniversary, you may reallocate your annuity value among the strategies then available so long as you notify the company at least two weeks before each contract anniversary of such reallocation. The minimum amount you may reallocate is $5,000 and $5,000 must remain in any one strategy. Reallocation will be subject to the available strategies at that time.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.7%
Fixed
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
10%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
54%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% |
Riders
No Riders for Keystone 5 annuity.
Waivers
Hospital
Contact us to get more information about this waiver.
Nursing Home
To access your funds if you are confined to a qualified nursing home or hospital, the annuitant must: 1. Be admitted to a qualified nursing facility for at least one day following the end of your first contract year and remain confined to the facility for 90 consecutive days. 2. Have been age 74 or younger when your contract was issued. The nursing home waiver does not include home health care.
Terminal Illness
Unavailable in states: NJ
You may access your entire annuity value penalty-free in the event that, after your first contract year, you are initially diagnosed as having a terminal illness by a qualified physician. Terminal illness means a condition that is reasonably expected to result in death within twelve months. If you are not the annuitant, the annuitant must qualify in order for this benefit to apply.
Premium Notes
Minimum Premium: $10,000 - ($5,000 minimum per strategy)
Maximum Premium without prior approval
Age 0-75: $1,000,000
Age 76-85: $500,000
Note:
- TSP funds have to be rolled into an IRA.
- Reliance Standard only issues Inherited IRA annuity contracts under the following qualifications:
- The Beneficiary (new owner) must be the original (1st Generation) beneficiary of the deceased Traditional/SEP IRA Owner.
- The Beneficiary (new owner) must be age 65 or younger.
- The original Traditional/SEP IRA Owner’s Date of Death may be no more than five years from the application date.
- The original Traditional/SEP IRA Owner’s Date of Death must have occurred prior to January 1, 2020.
Withdrawal Provisions
Free Withdrawals You can withdraw up to 10% of your premium in the first year, and after the first year, up to 10% of the annuity value each year with no surrender charges. Withdrawals from any surrender index interest strategy must be taken in a lump sum. You may elect to have withdrawals from the Fixed Interest Strategy paid to you monthly starting in the first year, or taken as a lump sum. However, if your withdrawals exceed 10% of the annuity values in any contract year, surrender charges will apply to the excess amount withdrawn in that contract years. Systematic withdrawal Available on Fixed Account Strategy only
- A.M. Best A++
- S&P A+
- Moody's A1
- Comdex 91
