Clients can choose the crediting option that fits their retirement strategy
August 05, 2019 — PORTLAND, Ore.–(BUSINESS WIRE)–Standard Insurance Company (The Standard) announced today that the Index Select Annuity is now available through LPL Financial, LLC. LPL Financial is the largest independent broker-dealer in the United States. This single premium deferred fixed index annuity has returns based on the upside performance of the popular S&P 500® index. Clients can choose one or all of these options: index crediting with a cap rate, index crediting with a participation rate or fixed interest crediting.
Using the participation rate index crediting strategy, clients earn interest based on a percentage of the growth of the S&P 500 index each year. The earnings are then locked into the index interest account value and will not be reduced because of negative index performance in the future.
“The participation rate index crediting strategy is a great option because earned interest is not limited by an annual index rate,” said Rich Lane, director of Individual Annuity Sales and Marketing at The Standard.
The Standard also has a longstanding track record of consumer-friendly annuity products and service practices, all backed by the financial strength of The Standard including 100+ years of “A” rating or higher from A.M. Best Company.
For more information, please contact The Standard at 800.378.4578 or www.standard.com/annuities.
Standard & Poor’s 500 and S&P 500® are trademarks of The McGraw-Hill Companies, Inc., and have been licensed for use by Standard Insurance Company. The product is not sponsored, endorsed, sold or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of purchasing the product. The S&P 500 index does not reflect dividends paid on the underlying stocks.
The guarantees of the annuity are based on the financial strength and claims-paying ability of Standard Insurance Company. An annuity should not be purchased as a short-term investment. As an investor, you are cautioned to carefully review an index annuity for its features, costs, risks and methods of calculating the variables.
The product and its features may not be available in all states and are subject to change. Please refer to the contract for a complete and detailed explanation of benefits, limitations and restrictions.
About The Standard
The Standard is a leading provider of financial products and services, including group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, absence management services, retirement plans products and services, individual annuities and investment advice. For more information about The Standard, visit www.standard.com.
The Standard is the marketing name for the subsidiaries of StanCorp Financial Group, Inc.: Standard Insurance Company; The Standard Life Insurance Company of New York; Standard Retirement Services, Inc.; StanCorp Equities, Inc.; StanCorp Mortgage Investors, LLC; StanCorp Investment Advisers, Inc.; StanCorp Real Estate, LLC; and Standard Management, Inc.