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Home > Annuities > Flexible Premium Deferred Annuity
Flexible Premium Deferred Annuity
Is a comfortable retirement one of your financial goals?
If so, your planning should include one or more of Standard Life and Accident's Platinum Plus annuities. A Platinum Plus annuity can be a cornerstone in any long-term financial plan.
Here’s why . . .
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Competitive interest earnings. You can choose from five annuities each offering a different first year interest rate. After the first year, your annuity value will always earn a market rate of interest with a guaranteed minimum stated in your policy.
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Safety and security. Standard Life maintains a high ratio of assets to liabilities, and both asset quality and capitalization are favorable.
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Tax advantages. A deferred annuity earns interest on a tax-deferred basis. Income tax on those interest earnings is postponed until the money is withdrawn.
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Liquidity. You will be able to withdraw money from your annuity at any time, subject to any applicable surrender charges during the early years of the policy.1
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Checkbook Access. After the first year, you will have convenient “checkbook access” to your policy’s values.
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Lifetime Income. You may someday elect to "annuitize" your contract and begin receiving a guaranteed regular income for as long as you live or for a predetermined length of time. If you annuitize after your tenth policy year, we will increase your payments by 4%.
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Death benefit. The annuity value will be paid to the named beneficiary at the death of the owner or annuitant. Generally, death proceeds paid to a named beneficiary (other than the annuitant's estate) are not subject to the probate process.
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Options. The annuity can be non-qualified, or can be the funding vehicle for an IRA, Roth IRA, SIMPLE Pension Plan or other qualified retirement plan.
Policy Form Series 2020, 2021 availability will vary by state.
1 Withdrawals taken before age 59 1/2 may have a 10% tax penalty.
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