Focused Growth Annuity

Overview

For products available in California, refer to the state-specific tab and marketing materials.

A Rewarding Blend of Safety, Growth and Flexibility

The Focused Growth Annuity is a single-premium, deferred annuity offering a robust set of client-friendly features plus a market-value adjustment feature, which optimizes the growth potential of your client's savings.

Rate Guarantees - 3, 5, 7 or 10 Years

Initial Rate Guarantee Period

Your client may choose a 3, 5, 7 or 10-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 or market value adjustment.

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.

Surrender Periods With Flexible Withdrawal Options

Surrender-charge periods match the rate guarantee periods. For example, if your client selected a Focused Growth 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 FGA offers withdrawal options without a surrender charge or market value adjustment to help in certain situations.

Target Clients

The Focused Growth Annuity is a good fit for a long-term saver who likes the benefits of tax-deferred growth and protection as part of their retirement strategy.

This annuity is also an excellent way to enhance your client’s retirement-savings plan and can be used to fund IRAs, 403(b) TSAs, and SEPs.


* 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

For products available in California, refer to the state-specific tab and marketing materials.

  • Focused Growth Annuity 3
    • 3-Year Rate Guarantee Periods, 3-Year Market Value Adjustment Periods
    • 3-Year Surrender-Charge Periods (9.4%, 8.5%, 7.5%)
  • Focused Growth Annuity 5
    • 5-Year Rate Guarantee Periods, 5-Year Market Value Adjustment Periods
    • 5-Year Surrender-Charge Periods (9.4%, 8.5%, 7.5%, 6.5%, 5.5%)
  • Focused Growth Annuity 7
    • 7-Year Rate Guarantee Periods, 7-Year Market Value Adjustment Periods
    • 7-Year Surrender-Charge Periods (9.4%, 8.5%, 7.5%, 6.5%, 5.5%, 4.5%, 3.5%)
  • Focused Growth Annuity 10
    • 10-Year Rate Guarantee Periods, 10-Year Market Value Adjustment Periods
    • 10-Year Surrender-Charge Periods (9.4%, 8.5%, 7.5%, 6.5%, 5.5%, 4.5%, 3.5%, 2.5%, 1.5%, 0.5%)
  • $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 age1
    • FGA 3 and 5 issues to age 932
    • FGA 7 issues to age 90
    • FGA 10 issues to age 80
  • Joint Owner and Joint Annuitant options
  • Surrender-Charge-Free (and MVA-Free) Withdrawal Options
    • First 30 days of each subsequent surrender charge period
    • Regularly scheduled payments of interest earnings
    • Required minimum distribution
    • Terminal conditions3
    • Nursing home residency3
    • Death benefits
    • Annuitization

1 Maximum issue age may vary by distributor.

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

3 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.

California FGA

Use our state comparison flyer to see key distinctions in California.

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.

Surrender Periods With Flexible Withdrawal Options

Surrender-charge periods match the rate guarantee periods. For example, if your client selected a Focused Growth 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 FGA offers withdrawal options without a surrender charge to help in certain situations.

Key Features

  • No Market Value Adjustment (MVA)
  • Focused Growth Annuity 3
    • 3-Year Rate Guarantee Periods
    • 3-Year Surrender-Charge Periods (8%, 7%, 6%)
  • Focused Growth Annuity 5
    • 5-Year Rate Guarantee Periods
    • 5-Year Surrender-Charge Periods (8%, 7%, 6%, 5%, 4%)
  • Focused Growth Annuity 7
    • 7-Year Rate Guarantee Periods
    • 7-Year Surrender-Charge Periods (8%, 7%, 6%, 5%, 4%, 3%, 2%)
  • Focused Growth Annuity 10 is not available in CA
  • $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 age1
    • FGA 3 and 5 issues to age 932
    • FGA 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 medical conditions3
    • Home care, Community-based services, Nursing care facility or Residential care facility residency3
    • Death benefits
    • Annuitization

1 Maximum issue age may vary by distributor.

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

3 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

FGA Marketing Materials

For the FGA available in California, refer to your state-specific marketing materials below.

FGA State Comparison 

At-A-Glance Product Guide* 

Product Highlights Flyer* 

Brochure for 3 & 5* 

Brochure for 3, 5 & 7* 

Brochure for 3, 5, 7 & 10* 

Numerical Examples

Broker Sales Guide* 

California

FGA State Comparison 

California At-A-Glance Product Guide 

California Product Highlights Flyer 

California Brochure for 3, 5 & 7 

Numerical Examples

California Broker Sales Guide 


Sample Policies

FGA 3 Specimen Contract – Generic* 

FGA 5 Specimen Contract – Generic* 

FGA 7 Specimen Contract – Generic* 

FGA 10 Specimen Contract – Generic* 

Florida

FGA 3 Specimen Contract – FL Specific 

FGA 5 Specimen Contract – FL Specific 

FGA 7 Specimen Contract – FL Specific 

FGA 10 Specimen Contract – FL Specific 

California

FGA 3 Specimen Contract – CA Specific 

FGA 5 Specimen Contract – CA Specific 

FGA 7 Specimen Contract – CA Specific 


*Not for use in California.


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.

Change Distributor
Effective date: 
4/8/2020

FGA 3

$15,000
$100,000
Crediting Rate
1.70
1.80

3-year repeating guarantee : 3-year repeating surrender and MVA* period

FGA 5

$15,000
$100,000
Crediting Rate
2.45
2.55

5-year repeating guarantee : 5-year repeating surrender and MVA* period

FGA 7

$15,000
$100,000
Crediting Rate
2.45
2.55

7-year repeating guarantee : 7-year repeating surrender and MVA* period

FGA 10

$15,000
$100,000
Crediting Rate
2.10
2.20

10-year repeating guarantee : 10-year repeating surrender and MVA* period

*No MVA on products sold in California.

Legal

Not for use with consumers.

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.

© 2020 StanCorp Financial Group, Inc.