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Overview

The Tailored Income Annuity is a single-premium, immediate annuity offering several innovative income options. This annuity can help to transition your clients from an accumulation phase to an income phase of retirement, where a safe, secure source of income is critical.

This annuity may also be a good vehicle for large lump sums from insurance proceeds, group retirement plans, divorce settlements or large-ticket sales, which can be converted into an income stream.

Several, flexible income options are available on this contract and optional riders allow your client to add the Life Income Commutation* or Inflation Protection features to many of the payment options.

The Tailored Income Annuity is an ideal income vehicle for those seeking a guaranteed income for life or for a specific period.

* The Life Income Commutation feature is not available in Washington.

Rates

Effective November 4, 2009

Update 237 for November 4, 2009 rates and approvals. Use Code 110409 for Illustrations.

Rates effective November 4, 2009 and subject to change without notice.

Features

  • $15,000 to $1,000,000 initial premium (higher amounts may be permitted with prior home-office approval)
  • Issue to Age 90
  • Income Options
    • Life Income
    • Life Income with Installment Refund
    • Life Income with Certain Period
    • Joint and Survivor Life Income
    • Joint and Survivor Life Income with Installment Refund
    • Joint and Survivor Life Income with Certain Period
    • Joint and Contingent Survivor Life Income
    • Certain Period
  • Optional Features
    • Life Income Commutation*
    • Inflation Protection
  • No Annual Contract Fees

Key Benefits

  • Optional Life Commutation Feature

    In any contract year after the second up to 10% of future benefits may be commuted to a lump-sum payment, with the remaining payments being reduced by the percentage commuted. A maximum of 20% of future payments can be commuted over the lifetime of a contract.

  • Optional Inflation Protection Feature

    On many income options, an election may be made to annually increase the payment by 1%, 2%, 3%, 4% or 5%. The increased payments would begin one year after the first payment and would increase annually thereafter.

Related Information

 

14275-TIA (11/08)
Policy # SPIA. The Life Income Commutation feature is not available in WA.

Not For Use With Consumers. Product of Standard Insurance Company. Product availability varies by state.