Company Information
Company Name
Reliance Standard Life
Product Name
Reliance Standard Guarantee 5
Description
This is a single premium, fixed annuity with a five-year rate lock. After five years, owners can withdraw, transfer, or keep their funds with Reliance Standard Life. The contract does not automatically renew for a new term. Instead, a new 12-month interest rate is declared and the account remains completely liquid, free from surrender charges.
This account accepts both qualified and non-qualified funds. There are no surrender charges at death and a spousal continuance option is allowed.
AM Best Rating
A++ Superior (1st of 13 ratings)
Company Website
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
10% / 10%
Rate
5.00%
Term
5 Years
Minimum Investment
$20,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
85
Surrender Schedule
8%, 8%, 7%, 6%, 5%, 0%
What We Like About This Annuity
Low minimums to start and issued by an A++ rated company! Yearly 10% penalty-free withdrawals and no surrender charges at passing. Account does not automatically renew and annuity funds can remain liquid while growing tax-deferred.
Notable Features
Low minimums to start and issued by an A++ rated company! Yearly 10% penalty-free withdrawals and no surrender charges at passing. Account does not automatically renew and annuity funds can remain liquid while growing tax-deferred.
Other Popular Products
RSL specializes in fixed and fixed-indexed annuities. They are best known for their superior rating and competitive MYGA policies, but their Reliance Accumulator indexed annuities offer strong caps, spread & participation rates.
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About Reliance Standard Life
Located in Philadephia, PA, Reliance Standard Life is an A++ rated carrier specializing in fixed and indexed annuities. They are an integrated member of the Tokio Marine Group which is one of the largest and most respected insurance groups globally.
With over $23.3 billion under management, RSL is well-capitalized with strong surplus ratios. They pride themselves on organic growth and superior management competency.