Standard Insurance Multi-Choice Annuity – Fixed Growth with Built-In Flexibility and Income Options
A Balanced Annuity for Safety and Optional Income
At Diversified Insurance Brokers, we help clients secure products that offer not just protection, but also flexibility. The Standard Insurance Multi-Choice Annuity, issued by The Standard Insurance Company, delivers that balance—providing a stable, fixed-rate solution with several ways to access funds or convert the contract into income later on.
This multi-year guaranteed annuity (MYGA) is backed by the financial strength and long-standing reputation of Standard Insurance Company. It’s a strong candidate for clients seeking safety today and flexibility tomorrow.
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Fixed Terms with Guaranteed Interest
The Multi-Choice Annuity allows you to choose a guaranteed interest rate for 3, 5, or 7 years, depending on your retirement timeline. Interest is locked in for the full term, offering consistent, tax-deferred growth regardless of what the markets are doing.
Premiums start at $15,000, and deposits of $100,000 or more may qualify for even higher interest rates—ideal for rollover accounts, CDs nearing maturity, or idle non-qualified savings.
Want to compare this product’s rates with others? Fill out our annuity quote request form and we’ll provide personalized options tailored to your needs.
Flexible Access When You Need It
One of the core strengths of the Multi-Choice Annuity is its liquidity:
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After just 30 days, you can withdraw earned interest without penalty
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After the first year, up to 10% of the contract value can be withdrawn annually without charges
For added peace of mind, the contract includes waivers for terminal illness and nursing home residency, allowing greater access to funds in case of medical need.
Withdrawals beyond these provisions may be subject to a Market Value Adjustment (MVA) and standard surrender charges, which decline over time based on your chosen term.
Long-Term Planning and Legacy Benefits
If income is a future goal, this annuity gives you the ability to annuitize the contract—turning your value into guaranteed payments for life or a set period.
In the event of death, your beneficiaries receive the full accumulation value without surrender charges or probate delays, making this a simple and tax-efficient way to pass on remaining funds.
Who This Annuity May Be a Good Fit For
The Standard Insurance Multi-Choice Annuity is a smart solution for:
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Individuals who want fixed, predictable growth with guaranteed interest
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Clients seeking early access to earned interest without penalties
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Retirees or pre-retirees interested in a low-risk income option later on
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Savers rolling over qualified funds or reallocating non-qualified assets
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People who value health-related withdrawal flexibility and strong financial backing
Whether you’re aiming to protect capital, grow savings, or generate future income, the Multi-Choice Annuity provides a flexible framework for multiple retirement goals.
Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: Standard Insurance Multi-Choice Annuity
What is the Standard Insurance Multi-Choice Annuity?
Multi-Choice is a multi-year guaranteed annuity (MYGA) designed for savers who want predictable, contractually guaranteed interest for a fixed period. It provides principal protection, steady growth, and simple terms without market exposure.
What guarantee periods are available?
The product typically offers several term options, allowing you to select the guarantee period that aligns with your time horizon. Each term locks in a fixed rate for the full duration of that period.
Does the rate stay the same for the entire term?
Yes. Once you select your contract term, the credited interest rate remains fixed and guaranteed through the entire period, regardless of market fluctuations or interest-rate changes.
Can I withdraw money during the guaranteed period?
Yes, but with limitations. Multi-Choice generally allows a small annual penalty-free withdrawal. Larger withdrawals or surrender during the term may result in charges. After the term expires, full liquidity becomes available.
Is the Multi-Choice Annuity tax-deferred?
Yes. Earnings inside the annuity grow tax-deferred until withdrawn. This feature makes MYGAs appealing for savers seeking predictable returns without annual taxation.
Can I fund this annuity with existing retirement accounts?
Yes. Multi-Choice can often be opened with IRA rollovers or transfers from other tax-qualified accounts. This is similar to the rollover structure described in our IRA-to-annuity transfer guide.
What happens at the end of the term?
When the guarantee period ends, you typically have a renewal window. You may move the funds to a new term, transfer to another annuity, or withdraw without penalty.
Does this annuity include any market-indexed options?
No. Multi-Choice is a pure MYGA, meaning all interest is fixed and guaranteed. There is no exposure to index-based crediting or participation rates.
How is interest compounded?
Interest is compounded annually unless stated otherwise in the contract. This helps increase long-term growth over multi-year periods.
Who is the Multi-Choice Annuity best suited for?
This MYGA is ideal for conservative savers who want stable, guaranteed growth with no market risk. It works well for those transitioning out of CDs or seeking steady accumulation with simple, transparent contract provisions.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
