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Home > Annuities > Single Premium Deferred Annuity
Single Premium Deferred Annuity
A single premium deferred annuity allows you to accumulate interest on a tax-deferred basis, which could result in additional income to you upon maturity.
The Platinum 2001 annuity provides this tax-deferred interest accumulation, guaranteed annuity income rates, and freedom from probate, all in one flexible package.
The initial declared interest rate is guaranteed for a full two year period and a renewal rate guaranteed for each year following.
To help you more easily access your money as you need it, the Platinum 2001 offers withdrawals of up to 10% of the annuity value each year free of penalties¹. After the first year, Standard Life and Accident will provide you with a series of checks to allow you to access your money more quickly.
In addition, if you were to be confined to an eligible institution or become disabled prior to age 65, Standard Life will waive the penalties on any withdrawals made during that time.
If your income payments begin after your policy has been in force at least 12 years, Standard Life will increase the payout amount by 4%.
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Withdrawals taken before age 59 1/2 may have a 10% tax penalty
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Policy Form Series 2016, 2017, 2018, 2019 availability will vary by state
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