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Home > Annuities > Multiple Year Guarantee Annuity
Multiple Year Guarantee Annuity
Is interest rate fluctuation a financial concern? If so, the Provider Plus
multiple year guarantee annuity will eliminate this concern by providing
interest rates that are guaranteed for a chosen duration.
Select from Six Different Interest Guarantee Periods
The Provider Plus offers six different guarantee periods which allow you to lock in a competitive fixed
rate for the period of time that fits your needs.
You can choose a 5, 6, 7, 8, 9 or 10 year guarantee period and the declared rate applies throughout the
interest guarantee period. Also, certain guarantee periods offer an interest rate enhancement during the
first year. The Provider Plus gives you predictability you can count on.
The Provider Plus is a tax-deferred annuity that helps you control your tax situation by providing options.
You decide when you need to take income from your annuity.
If you need additional income, you can receive monthly payments of the interest earned or a fixed amount
and only pay taxes on the gain that you withdraw. However, if you do not need additional income, leave your
money, plus interest earned, in your Provider Plus annuity and continue to earn interest, tax-deferred.1
Access When You Need It
Because your needs may change, the Provider Plus gives you various opportunities to withdraw funds without
a surrender charge, Market Value Adjustment or Excess Interest Deduction.2
Starting in the first policy year, you may withdraw the interest as it is earned or in a lump sum at the
end of the year. After the first policy year, up to 10% of the annuity value at the beginning of that
policy year, can be withdrawn without surrender charge, MVA or EID.
The greater of the annuity value or the surrender 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.
In the event of unforeseen hardships such as confinement to an eligible institution, disability or disabling
terminal illness, the Provider Plus contains a Confinement Waiver and a Disability Waiver
that allow you to have access to your money without penalty.
Flexibility After Your Initial Guarantee Period
When your initial guarantee period comes to an end, the Provider Plus gives you the flexibility to choose
what makes the most sense for you. You can withdraw all of your money3 with no penalties or
continue your annuity and earn Standard Life's portfolio interest rate that is declared each year on your
policy anniversary date.
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