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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%

Multi-Choice Annuity with 10% Withdrawal Provision

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Highlights

Premium Type
Single Premium with Additional
Max age Qualified
93
Minimum Contribution
$15,000
Maximum Contribution
$1,000,000
Market value adjustment
Return of premium
Free withdrawal
1st year: 0%
2nd+ year: 10%
Launch date
01/01/2021
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, Inherited IRA, and TSP
Brochure
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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
Multi-Choice Annuity 3 and 5 for owners age 18–93 and for annuitants age 0–93 the purchase of the annuity for those age 91-93 must be for transfer-of-wealth or estate-planning purposes.

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.
  1. No optional withdrawal provision 
  2. Interest-only withdrawal after 30 days 
  3. 10% annual withdrawal provision applies after the first contract year.
    After the first year, you can withdraw up to 10% of the annuity fund value per year without a surrender charge. 
  4. 10% annual withdrawals and Guarantee of Principal (GOP) applies after the first contract year.
Income Options 
  • Life income
  • 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 
  • Certain period
  • Lump-sum Other options may be available. 
Plan Type
Inherited IRAs for spouses only
Note: TSP funds have to be rolled into an IRA.

Find out if the Multi-Choice Annuity with 10% Withdrawal Provision is the right product for you.

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MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
3 years 4.95%
5 years 5.1%

Riders

No Riders for Multi-Choice Annuity with 10% Withdrawal Provision annuity.

Waivers

Nursing Home

Unavailable in states: MA

After the first year, you can withdraw funds without a surrender charge if you are a resident in a nursing home for 30 or more 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

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.

Surrender Window

There is a 30 day renewal window with repeating guarantee periods. During the first 30 days of each subsequent term, all or part of the funds may be withdrawn without a surrender charge or market value adjustment.

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