The Standard Multi-Choice 5
Current Fixed Rates
| 4.90% | $100,000 | — | $1,000,000 |
| 4.60% | $15,000 | — | $99,999 |
The Standard Multi-Choice 5 is a modified, single-premium fixed annuity with a five-year rate guarantee. Additional premiums are accepted in the first 90 days and are credited at the current rate at deposit.
After five years, owners have a 30-day window to withdraw, transfer, or reinvest their entire account value. If no action is taken, the annuity will renew for a new three-year term.
Interest only, 10% annual withdrawals, and Return of Premium features can all be added to the contract, but these liquidity riders reduce the annual interest rate.
Two rate bands are available. The highest rate is for deposits above $100K. A lower rate applies to deposits between $15K – $99.9K. Qualified and non-qualified funds are accepted. There are no surrender charges at death.
More Annuity options from: The Standard Life
Notable Features
At no additional cost, free Nursing Home, Terminal Illness and RMD withdrawals are included. Policy can be annuitized penalty free at any time.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
5 Years
Free Withdrawals Yr1 / Yr2+
0% / 0% (free withdrawals can be added)
Surrender Schedule
9.40%, 8.50%, 7.50%, 6.50%, 5.50%, 0%
Maximum Age
93
Minimum Investment
$100,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
Offered from an A rated company. No surrender charges apply at death or for IRA Required Minimum Distributions. Several variations of this annuity are available including those with free withdrawal options and/or a Return of Premium provision.
Other Popular Products
The Standard is well known for Disability Insurance coverage, Accident plans, Critical Illness, and Hospital Indemnity policies in both the individual and business markets.
About The Standard Life
The Standard Life
AM Best Rating: A Excellent (3rd of 13 ratings)
https://www.standard.com/
About The Standard Insurance Company
Originally founded in 1906 as the Oregon Life Insurance Company, The Standard is a diversified insurance company servicing customers nationwide. They are domiciled in Portland, OR, and have over $66.7 billion in assets under management. In 2016, they became part of the Meiji Yasuda family of companies.
They have an A rating with AM Best, an A+ rating with Standard & Poor’s, and an 84 Comdex score.
This community-focused and remote-first carrier offers individual, family, and business solutions through several lines of insurance. Annuities, disability, life, accident, critical illness, and indemnity plans are just a few of their comprehensive offerings.