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's Platinum Plus Flexible Premium annuities. A Platinum Plus annuity can be a cornerstone in any long-term financial plan.
Here's why . . .
The Flexible Premium Deferred Annuity offers the exciting benefits of tax advantages, liquidity, lifetime income and the convenience of “checkbook access” to your policy’s values. You can choose from five different annuities, each offering a different first-year interest rate. After the first year, your annuity’s value will earn the company's current declared rate of interest, with a guaranteed minimum interest rate set in your policy at issue.
Competitive interest earnings
Choose from five annuities each offering a different first year interest rate.
Safety and security
Standard Life maintains a high ratio of assets to liabilities, and both asset quality and capitalization are favorable.
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 Income tax on those interest earnings is postponed until the money is withdrawn*.
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.*
Checkbook Access
After the first year, you will have convenient “checkbook access” to your policy’s values.
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%.
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.
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.
* Withdrawals taken before age 59 1/2 may have a 10% tax penalty.
Policy Form Series 2020, 2021 availability and issue ages will vary by state. The policy has exclusions and limitations. For costs and complete details of the coverage, see your policy for details or call the Company or your Agent.
Standard Life and its representatives do not give legal, tax or accounting advice. If you need such advice, consult your attorney, accountant or personal tax advisor.
Standard Life does not offer to sell, nor solicit an offer to buy any insurance product in any jurisdiction in which the Company is not authorized to do business or the product is not approved.
