Total Choice Annuity

Overview

Experience the Benefits of a Tax-Deferred Annuity

The Total 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.

Rate Guarantees - 3, 5, or 7 Years

Initial Rate Guarantee Period

Your client may choose a 3, 5 or 7-year initial interest rate guarantee period and receive the rate in effect at the time they buy the annuity for the entire length of the guarantee period. Interest is calculated and credited daily. At the end of the term, they may withdraw their money or automatically start a new guaranteed-rate period.

Subsequent Rate Guarantee Period

If your client chooses to continue their annuity, a new interest rate guarantee period and surrender-charge period automatically begins at the end of the initial term, then again at the end of each subsequent term.* All subsequent terms will be for the same duration as their initial guarantee period.

During the first 30 days of each subsequent term, your client may withdraw some or all of their funds without a surrender charge.

The Standard sets a new interest rate at the beginning of each subsequent rate guarantee period, and we guarantee the rate for that period. The new rate may be higher or lower than the interest rate of the initial rate guarantee period.

Optional: Principal Guarantee

After day one, your payout will never be less than the total premium you paid, minus any withdrawals or loans taken. You must select this option at purchase in order to have this feature.

Surrender Periods with Flexible Withdrawal Options

Surrender-charge periods match the rate guarantee periods. For example, if your client selected a Total Choice Annuity 3, all subsequent guarantee periods will be 3 years.

At the end of each guarantee period, new interest rate guarantee periods and surrender-charge periods automatically begin.* During the first 30 days of each subsequent surrender-charge period, your client may withdraw some or all of their funds without a surrender charge. In addition, the Total Choice Annuity offers withdrawal options without a surrender charge to help in certain situations.


* Subject to restrictions in Florida to comply with state regulations.


Some products and rate guarantee periods available through select distribution only.

Rates may change without notice. Products of Standard Insurance Company. Product features and availability varies by state.

Features
  • Total Choice Annuity 3
    • 3-Year Rate Guarantee Periods
    • 3-Year Surrender-Charge Periods (9.4%, 8.5%, 7.5%)
  • Total Choice Annuity 5
    • 5-Year Rate Guarantee Periods
    • 5-Year Surrender-Charge Periods (9.4%, 8.5%, 7.5%, 6.5%, 5.5%)
  • Total Choice Annuity 7
    • 7-Year Rate Guarantee Periods
    • 7-Year Surrender-Charge Periods (9.4%, 8.5%, 7.5%, 6.5%, 5.5%, 4.5%, 3.5%)
  • Optional: Principal Guarantee feature
  • $15,000 to $1,000,000 initial premium (greater amounts may be possible if pre-approved before you submit an application)
  • Additional premium accepted in first 90 days
  • Issue age
    • Total Choice Annuity 3 and 5 issues to age 931
    • Total Choice Annuity 7 issues to age 90
  • Joint Owner and Joint Annuitant options
  • Surrender-Charge-Free Withdrawal Options
    • First 30 days of each subsequent surrender charge period
    • Regularly scheduled payments of interest earnings
    • Required minimum distribution
    • Terminal conditions2
    • Nursing home residency2
    • Death benefits
    • Annuitization

1 The purchase of the annuity for those age 91-93 must be for transfer-of-wealth or estate-planning purposes.

2 Applies after the first contract year.


Some products and rate guarantee periods available through select distribution only.

Rates may change without notice. Products of Standard Insurance Company. Product features and availability varies by state.

Sales Resources

Marketing Materials

At a Glance Product Guide 

Brochure 

Broker Sales Guide 

 

Numerical Examples

Enter your own numbers to see how the annuity may grow over the years.

  • Enter rates as a decimal — for example 0.0325 for 3.25% crediting rate.
  • You may print the calculated example or save to your desktop.

The calculations should work using Adobe Acrobat Reader, but may not calculate on other PDF readers. The Standard is not responsible for the accuracy or completeness of the information you input.

Total Choice Annuity 3 

Total Choice Annuity 5 

Total Choice Annuity 7 

 

Sample Policies

Specimen Contract 

Specimen Contract with Principal Guarantee 


Some products and rate guarantee periods available through select distribution only.

Rates may change without notice. Products of Standard Insurance Company. Product features and availability varies by state.

Effective date: 
4/1/2020

Total Choice Annuity 3

$15,000
Crediting Rate
1.50
Principal Guarantee Crediting Rate
1.15

3-year repeating guarantee : 3-year repeating surrender periods

Total Choice Annuity 5

$15,000
Crediting Rate
2.15
Principal Guarantee Crediting Rate
1.80

5-year repeating guarantee : 5-year repeating surrender periods

Total Choice Annuity 7

$15,000
Crediting Rate
2.25
Principal Guarantee Crediting Rate
1.85

7-year repeating guarantee : 7-year repeating surrender periods