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Index Select Annuity 10

The Index Select Annuity 10 is a great choice for retirees seeking a secure, predictable income. This annuity offers solid returns tied to market performance without risking your principal. Long-term income planning is a breeze!

The product's simplicity is a retiree's blessing, and the death benefit provision is comforting. It’s not just an annuity, it’s a safety net for the golden years. You've worked hard - now let your money do the same with Index Select Annuity 10!

Index Select Annuity 10

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

10 Years

Surrender schedule

9.4%

8.5%

7.5%

6.5%

5.5%

4.5%

3.5%

2.5%

1.5%

0.5%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$15,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Profit Sharing, IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, Inherited IRA, and TSP

Launch Date

08/02/2018

The Index Select Annuity 10 (ISA) is a single-premium deferred indexed annuity with a 9-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 The ISA’s principal and earnings are not subject to income taxes until funds are withdrawn or distributed.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, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, UT, VT, VA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	4.75% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	8.25% Cap
1-Year S&P 500 PTP Paticipation Rate	Point to Point Annual	56% Participation
1-Year Fixed Account	Fixed	4.75% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	8.5% Cap
1-Year S&P 500 PTP Paticipation Rate	Point to Point Annual	58% 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 Index Select Annuity 10 annuity.

Waivers

Death

After the death of an annuitant, the owner may elect a withdrawal within 180 days of the death without a surrender charge.

Nursing Home

After the first year, you can withdraw funds without a surrender charge if you are a resident in a nursing home for 30 or mom consecutive days. The nursing home waiver does not include home health care.

Terminal Illness

After the first year, 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.

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.

Premium Notes

The minimum issue age for all owners is 18; the minimum issue age for all annuitants is 0.

An additional premium may be paid for up to the first 90 days after the Contract Effective Date provided such premium is noted on the application.
All expected premium must be noted on application; premium will not be allocated to the index interest account and policy will not issue until all funds are received.

Initial Premium and Transfers

Allocation to index interest account is made on the 15th of each month. Premium to be allocated will be held until all expected money are received and then allocated as a single deposit. Premium deposited prior to the allocation will earn interest daily. between the date of receipt and the allocation date.

The premium may be transferred between the Interest Index Account and the Fixed Interest Account, receiving the interest rate cap and the interest rate in effect at the time the transfer is acted upon. A transfer must be elected prior to the end of the index term and will be transacted on the first day of the new index term.

Plan Type
To start or continue a qualifed retirement account, we allow the transfer or rollover of funds from qualifed plans such as an IRA, Roth IRA or 401(k) into a qualifed Individual Retirement Annuity. For non-qualifed funds, we allow for 1035 exchanges, direct transfers or lump sum payments to open a nonqualifed annuity.

Inherited IRAs for spouses only
TSA for existing TSA's
TSP funds have to be rolled into an IRA.

Withdrawal Provisions

Free Withdrawals After the first contract year, you may annually withdraw up to 10% of the previous contract year's annuity value without a surrender charge.

Company Founded: 1906

Excellent Rated Company

The Standard Insurance Company

Company Ratings

4.6