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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.30%
7-Year
6.00%
10-Year
5.80%

Enhanced Choice Index 7

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Highlights

The Enhanced Choice Index is a single-premium deferred index annuity offering multiple crediting strategies linked to index performance, and a fixed interest account option. Clients choose the combination of indices and crediting options that best align with their financial goals. Enhanced product features give flexibility, adaptability, and access to funds.
There is a choice of a 5, 7, or 10-year surrender-charge period, with no surrender charges thereafter.

ECI-5 and ECI-7 provide multi-year guaranteed participation rates on some index crediting options: S&P MARC 5% ER, S&P 500 Daily RC 5% ER, and S&P 500 ESG Daily RC 5% ER.
Available in states: CA
Type
Fixed Index
Purpose Accumulation
Term
7 Years
Surrender schedule
8%7%6%5%4%3%2%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
04/01/2022
Minimum contribution
$15,000
Maximum contribution
$1,000,000
Max Age Qualified
90
Types of funds
Non-Qualified, 401k, IRA, Pension, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and 1035 Exchange
Brochure
Open brochure

Find out if the Enhanced Choice Index 7 is the right product for you.

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Premium Notes

Issue Age
  • ECI 5: Owner 18-93, Annuitant 0-93 (The purchase of an annuity for those age 91-93 must be for transfer-of-wealth or estate-planning purposes)
  • ECI 7: Owner 18-90, Annuitant 0-90
  • ECI 10: Owner 18-80, Annuitant 0-80
Premium
$15,000 to $1,000,000 initial premium (greater amounts may be accepted if pre-approved by The Standard before you submit an application)

Withdrawal Provisions

Free withdrawals
You can withdraw up to 10% of the annuity fund value per year without a surrender charge. Applies after the first contract year.

Surrender charges and MVA are waived for IRS Required Minimum Distributions (RMDs).

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.5% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
60% Participation
1-Year S&P MARC 5% ER PTP Participation Rate Guaranteed for Term
Point to Point
Annual
175% Participation
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Annual
230% Participation
1-Year S&P 500 DRC 5% ER PTP Participation Rate Guaranteed for Term
Point to Point
Annual
175% Participation
1-Year S&P 500 DRC 5% ER PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Annual
230% Participation
1-Year S&P 500 ESG DRC 5% ER PTP Participation Rate Guaranteed for Term
Point to Point
Annual
175% Participation
1-Year S&P 500 ESG DRC 5% ER PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Annual
230% Participation

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 8% 7% 6% 5% 4% 3% 2%

Riders

No Riders for Enhanced Choice Index 7 annuity.

Waivers

Death

Death benefit payments are available without a surrender charge. After the death of an annuitant, the owner may elect a withdrawal within 180 days of the death and surrender charges will be waived. Partial Index Crediting is available with Death surrender-charge-free withdrawals.

Nursing Home

You can withdraw funds without a surrender charge if you are a resident in a nursing home for 30 or more consecutive days. Applies after the first contract year. Partial Index Crediting is available with Nursing Home surrender-charge-free withdrawals. The nursing home waiver does not include home health care.

Terminal Illness

You can withdraw funds without a surrender charge if you are diagnosed with a terminal condition with a life expectancy of 12 months or less. Applies after the first contract year. Partial Index Crediting is available with Terminal Illness surrender-charge-free withdrawals.

Annuitization

Annuitization is the process of changing from accumulating savings to generating a guaranteed income stream. 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 income payment option or a certain period of at least five years. Partial Index Crediting is available with Annuitization surrender-charge-free withdrawals.

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