Strategic Choice Annuity 7

Overview

The Strategic Choice Annuity 7 is a single premium deferred index annuity that is ideal for anyone interested in a long-term savings strategy.  You’ll enjoy the benefits of tax deferral, along with returns directly linked to the upside performance of the J.P. Morgan U.S. Sector Rotator 5 Index (Annuity Series), and the assurance of a Guaranteed Minimum Accumulation Benefit.

Growth Potential While Managing Risk

The Strategic Choice Annuity offers upside potential with the ability to receive interest based on the performance of an index. This annuity offers a Fixed Interest Account and an Index Interest Account.

Interest credited equals index return over seven years times participation rate minus the spread rate times seven

The amount of premium allocated to the Fixed Interest Account is credited daily with a fixed interest rate.  After the initial 7-year index term ends, the owner of a Strategic Choice Annuity will be able to allocate funds between the Fixed Interest Account, and a now available 1-year Index Interest Account.

J.P. Morgan U.S. Sector Rotator 5 Index (Annuity Series)

The Index provides access to an innovative, focused investment strategy that seeks to obtain consistent returns by dynamically adjusting investment allocations based on market conditions. Key features of The Index include:

Target exposure, dynamic allocation and risk management

Each month, The Index evaluates each of the ten U.S. market sector funds based on their past month’s return. The Index dynamically rebalances allocations to the five U.S. market sectors with the strongest positive performance. If there are fewer than five sectors with a positive return, The Index may add an allocation to a bond fund.

If there are fewer than five sectors with a positive return, the index may add an allocation to a bond fund

For more information about The Index please consult our Guide to J.P. Morgan U.S. Sector Rotator 5 Index (Annuity Series) and to see its current value, visit: jpmorganindices.com/indices/summary/JPUSSC5A

Guaranteed Minimum Accumulation Benefit

At the beginning of the index term that follows the end of the 7-year Surrender-Charge Period, your annuity fund value is assured to reach the guaranteed minimum accumulation value of 107% of the original premium, net any withdrawals (including applicable charges). This ensures that even in an extended down market, your annuity fund will have earned at least a guaranteed minimum interest growth.

Features
  • Initial Index Term
    • 7-year, Point-to-Point Index Term, tracking the J.P. Morgan U.S. Sector Rotator 5 Index (Annuity Series), with a Participation Rate, and a Spread Rate
  • Renewal Index Term
    • Annual, Point-to-Point Index Term
    • 100% Participation in J.P. Morgan U.S. Sector Rotator 5 Index (Annuity Series) up to an Index Rate Cap, and no Spread Rate
  • Fixed Interest Account
    • 1-year rate guarantee
  • 7-Year Surrender-Charge Period (7%, 6%, 5%, 4%, 3%, 2%, 1%)
  • $15,000 to $1,000,000 initial premium (higher amounts may be permitted with prior home-office approval)
  • Issue through age 80
  • 45-Day Rate Lock
  • Guaranteed Minimum Accumulation Benefit (GMAB)
    • 107% of premium after 7 years
  • Market Value Adjustment (MVA)
  • Surrender-Charge-Free (and MVA-Free) Withdrawal Options
    • 10% annual withdrawals (beginning after the first contract year)
    • Nursing Home and Terminal Condition waivers with partial index credit (may not be available in all states)
    • Death Benefit with partial index credit
    • Annuitization with partial index credit (not available in California)
    • IRS Required Minimum Distributions
Specimen

Strategic Choice Annuity 7 Specimen Contract 

Sales Resources

Complete NAIC Product Training

The required product training will take you about 10 - 15 minutes to complete.

Take Product Training

 

 

Marketing Material Spotlight

Strategic Choice Annuity 7 BrochureSCA 7 Brochure
Introduces The Standard's Strategic Choice Annuity 7.

Strategic Choice Annuity 7 Numerical Example FlyerSCA 7 Numerical Example Flyer
A one-page numerical example. Not For Use in OR.

 

Strategic Choice Annuity 7 FlyerSCA 7 Highlights Flyer
A one-page product highlight flyer. Not For Consumer Use.

 

SCA 7 Product Information PowerPointSCA 7 Product Information PowerPoint
Provides a page by page overview of the SCA 7.

 

Legal

Not for use with consumers.

18242 (09/16)
Policy Nos. ICC15-SPDA-IA3, SPDA-IA3. The SCA includes an MVA.

Nursing home and terminal condition waivers may not be available in all states.  Annuitization not available in California.

The J.P. Morgan U.S. Sector Rotator 5 Index (Annuity Series) (“Index”) has been licensed to Standard Insurance Company (“The Standard”) for its benefit.  Neither The Standard nor Strategic Choice Annuity (the “Annuity Product”) is sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC (“JPMS”) or any of its affiliates (together and individually, “JPMorgan”).  JPMorgan makes no representation and gives no warranty, express or implied, to purchasers of the Annuity Product.  Such persons should seek appropriate professional advice before making an investment or purchasing insurance.  The Index has been designed and is compiled, calculated, maintained and sponsored by or on behalf of JPMorgan without regard to The Standard, the Annuity Product or any policy holder.  JPMorgan is not under any obligation to continue compiling, calculating, maintaining or sponsoring the Index. JPMorgan may independently issue or sponsor other indices or products that are similar to and may compete with the Index and the Annuity Product.  JPMorgan may transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets).  These activities could have a positive or negative effect on the value of the Index and the Annuity Product.

Annuities are intended as long-term savings vehicles. The annuity is not guaranteed by any bank or credit union and is not insured by the FDIC or any other governmental agency. The purchase of an annuity is not a provision or condition of any bank or credit union activity. Some annuities may go down in value.

The Standard is a marketing name for Standard Insurance Company (Portland, Oregon), licensed in all states except New York. Products and availability vary by state and are solely the responsibility of Standard Insurance Company.

© 2019 StanCorp Financial Group, Inc.