The Standard | Annuity Rate Increase December 1, 2023
Rates Increasing:
- Focused Growth Annuity crediting rates (All series)
- +0.20% on FGA 3
- +0.20% on FGA 5
- +0.15% on FGA 7
- Multi-Choice Annuity crediting rates (All series)
- +0.20% on MCA 3 – All withdrawal options
- +0.20% on MCA 5 – All withdrawal options
- +0.15% on MCA 7 – All withdrawal options
- Total Choice Annuity crediting rates*
- +0.20% on TCA 3 and TCA 3 with Principal Guarantee
- +0.20% on TCA 5 and TCA 5 with Principal Guarantee
- +0.15% on TCA 7 and TCA 7 with Principal Guarantee
- Index Select Annuity (All series)
- ISA 5
- +3% on participation rates
- +0.50 on fixed interest crediting
- ISA 7
- +3% on participation rates
- +0.50 on fixed interest crediting
- ISA 10
- +2% on participation rates
- +0.50 on fixed interest crediting
- ISA 5
- Higher Standard Index Annuity*
- HSIA 6
- +3% on participation rates
- +0.50% on fixed interest crediting
- HSIA 8
- +3% on participation rates
- +0.50% fixed interest crediting
- HSIA 10
- +2% on participation rates
- +0.50% on fixed interest creditin
- HSIA 6
- Enhanced Choice Index Plus
- ECI Plus 5
- +0.50% on cap rates and enhanced cap rates
- +0.50% on fixed interest crediting
- ECI Plus 7
- +0.50% on cap rates and enhanced cap rates
- +0.50% on fixed interest crediting
- ECI Plus 10
- +0.50% on cap rates and enhanced cap rates
- +0.50% on fixed interest crediting
- ECI Plus 5
- Enhanced Choice Index
- ECI 5
- +0.50% on fixed interest crediting
- ECI 7
- +0.50% on fixed interest crediting
- ECI 10
- +0.50% on fixed interest crediting
- ECI 5
- Enhanced Choice Index Select*
- ECI Select 5
- +0.50% on cap rates and enhanced cap rates
- +0.50% on fixed interest crediting
- ECI Select 10
- +0.50% on cap rates and enhanced cap rates
- +0.50% on fixed interest crediting
- ECI Select 5
*Available through select distribution only.
To view your distributor rate sheets:
- Start at standard.com/annuities.
- Select your distributor in the drop-down menu or select “not affiliated with a distributor or distributor not listed.”
- On the right-side Resources box, select Rate Preview.
Reminder: We’re reinstating our traditional 45-day rate lock, effective Dec. 1, 2023.
We’ll lock an interest crediting rate, cap rate or participation rate for 45 calendar days from the day we receive the original application, if we receive paperwork within the timelines below.
If we receive the expected premium within the 45-day period, your client receives either the locked-in rate or the current rate on the day we receive the premium ─ whichever is higher. We don’t provide a rate lock for minimum guaranteed rates or fixed interest crediting rates on index annuities.
- If rates are increasing: Sign and date the application and all required supplemental forms on or after the rate increase effective date.
- If rates are decreasing: Sign and date the application and all required supplemental forms before the rate decrease effective date. We’ll also need to receive your documents in our home office within four business days of the rate change effective date.
For clients to receive the new annuity rates: Funds for new applications or pending applications will need to be received in our home office on or after December 1, 2023.
If we receive funds before December 1, 2023, your clients will receive our current annuity rates.
