Enhanced Choice Index Plus 10
The Enhanced Choice Index Plus 10 is a reliable choice for those looking to secure a steady income stream after retirement. The product reassures with a fixed interest rate guaranteeing no market downturn surprises.
Supported by solid backing, this annuity makes for smart long-term planning, cheerfully providing financial independence in golden years. With options to leave benefits to your loved ones, it's a gift that keeps giving!
Enhanced Choice Index Plus 10
Ratings:
- A.M. Best A
- S&P A+
- Moody's A1
- Comdex 82
About Product
Legacy Max is an optional death benefit rider available to help maximize what you pass along to your heirs. It provides opportunities for guaranteed growth in declining markets, as well as performance-based growth in positive markets.
If the Legacy Max rider option is elected, 401k and Pension are not available.
If the Legacy Max rider option is elected, Enhanced Index Participation Rate and Enhanced Index Cap Rate strategies are not available.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.25%
Fixed
|
| 1-Year S&P 500 DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 1-Year S&P MARC 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
230%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
62%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
47%
Participation
|
| 1-Year S&P 500 PTP Enhanced Cap |
Point to Point
Annual
|
11.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year BofA Global MegaTrends PTP Enhanced Participation Rate |
Point to Point
Annual
|
155%
Participation
|
| 1-Year BofA Global MegaTrends PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
| 1-Year S&P 500 ESG DRC 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
230%
Participation
|
| 1-Year S&P 500 ESG DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 1-Year S&P 500 DRC 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
230%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for Enhanced Choice Index Plus 10 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.
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.
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.
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 may choose either a lifetime income payment option or a certain period of at least five years.
Premium Notes
- ECI Plus 5: Owner 18-93, Annuitant 0-93
(The purchase of the annuity for those age 91-93 must be for transfer-of-wealth or estate-planning purposes) - ECI Plus 7: Owner 18-90, Annuitant 0-90
- ECI Plus 10: Owner 18-80, Annuitant 0-80
$15,000 to $1,000,000 initial premium (greater amounts may be accepted if pre-approved by The Standard before you submit an application)
All expected premium must be noted on the application and policy will not issue until all funds are received. The contract effective date is the day we receive all of the expected premium.
Withdrawal Provisions
A market value adjustment applies to withdrawals and surrenders that are subject to a surrender charge. We will waive the MVA when the surrender charge is waived. MVA is not available in California.
Free withdrawals
You can withdraw up to 10% of the annuity fund value per year without a surrender charge. Available after the first contract year. Withdrawal amount is based on a percentage of the value of the annuity fund as of the contract anniversary.
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