Today’s Best The Standard Annuity Rates
| Term | Product | AM Best Rating | Rate |
|---|---|---|---|
| 5 Years | MCA No FPW | A | 4.80 % |
| 5 Years | MCA No FPW | A | 4.80 % |
| 7 Years | Focused Growth Annuity | A | 4.80 % |
The Standard
Our Take
Despite not selling variable annuities, the Standard can be a strong choice for several other products, including several impressive fixed, indexed and immediate annuities.
Pros
- Solid mix of products available
- Strong ratings from all crediting agencies
Cons
- No variable annuities offered
Compare The Standard Annuity Rates
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| Product |
Rate
|
Guarantee Period
|
Surrender Period
|
AM Best Rating
|
|---|---|---|---|---|
Focused Growth Annuity |
4.30% | 3 Years | 3 Years | A |
|
Focused Growth Annuity |
4.80% | 7 Years | 7 Years | A |
|
Focused Growth Annuity |
4.75% | 5 Years | 5 Years | A |
|
Focused Growth Annuity |
4.50% | 10 Years | 10 Years | A |
|
MCA 10% FPW |
4.70% | 5 Years | 5 Years | A |
|
MCA 10% FPW |
4.65% | 5 Years | 5 Years | A |
|
MCA 10% FPW |
4.25% | 3 Years | 3 Years | A |
|
MCA 10% FPW |
4.60% | 7 Years | 7 Years | A |
|
MCA 10% FPW |
4.70% | 5 Years | 5 Years | A |
|
MCA 10% FPW |
4.65% | 7 Years | 7 Years | A |
Additional Products Offered by The Standard
The Standard has several annuities available, including fixed, indexed and immediate products.
Altogether, the company advertises nearly 10 unique products. This isn’t as many as some mega providers like Jackson National but is a solid mix and more than many competitors who just focus on two or three annuities.
Fixed Annuities
The Standard sells two different fixed annuities.
The first of these is the Focused Growth Annuity, which is a simple fixed product geared toward those who are looking to save money in a low-risk and guaranteed fashion over some time.
The Focused Growth Annuity’s rate guarantee periods — which double as surrender periods — are three, five, seven or 10 years.
The Focused Growth Annuity includes a minimum premium of $15,000 and a maximum of $1 million.
Also offered is the Multi-Choice Annuity, which is a single premium deferred product. This annuity is available with surrender periods of three, five or seven years and holds the same maximum and minimum requirements as the Focused Growth Annuity.
It also includes several industry-standard benefits such as terminal illness and nursing home confinement contingencies, along with the ability to withdraw up to 10% of the contract value without facing penalties.
The Standard previously sold and still operates contracts for its Flexible Premium Deferred Annuity, but new plans are not currently being issued.
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Indexed Annuities
The Standard sells three indexed annuities, each with different indexes available, participation rates and crediting strategies.
The first available product is called the Index Select. It’s a fairly simple annuity that’s based on the performance of the S&P 500 and offers either a point-to-point index rate cap or a point-to-point index participation rate, or a mix of both.
There is both a market value adjustment and a guaranteed minimum accumulation benefit associated with the contract.
The Index Select is available with five-, seven- or 10-year surrender periods.
The Enhanced Choice Index is another annuity available that offers access to a wider range of indexes and strategies than the Index Select.
Indexes Available Through the Enhanced Choice
- S&P 500
- S&P Marc 5% Excess Return Index
- S&P 500 Daily Risk Control 5% Excess Control Index
- S&P 500 ESG Daily Risk Control 5% Excess Return Index
Multiple crediting options are also available, including the index participation rate and the enhanced index participation rate.
The final indexed annuity offered is the Enhanced Choice Index Plus, which includes access to a wider range of indexes and crediting strategies.
The Standard advertises its ability to guarantee growth in a declining market and provide performance-based growth in a healthy market, similar to other index products.
A Legacy Max Enhanced Death Benefit Rider can be added to the contract as well.
Immediate Annuities
The Standard sells two different immediate annuities. First up is the Tailored Income Annuity, which you can buy with a single lump-sum premium or by annuitizing an existing deferred annuity.
It also includes a Life Income Commutation option, which allows you to exchange up to 10% of your future payments for an immediate payout.
The final annuity is the Restricted SPIA. This annuity has a very specific purpose to qualify a spouse for Medicaid eligibility.
Medicaid is only available to those whose financial situation and assets fall below a certain threshold. Assets in this annuity generally do not count as available, so it essentially creates a workaround that can qualify your spouse for Medicaid without actually having to give up all your assets forever.
Buy an Annuity From the Standard Today
About The Standard
The Standard has a history of serving customers and was originally founded as the Oregon Life Insurance Company back in 1906.
It has grown steadily over the years and well outpaced its original roots, rebranding as the Standard Insurance Company in 1946.
Today, the company is a large player in the annuity industry, with nearly $1 billion in direct premiums sold in 2022. This is not as large a footprint as some of the giants in the space but is well above some of the smaller annuity providers.
The Standard, which was purchased by the Japanese corporation Meiji Yasuda in 2016, is a stable company with strong credit and financial strength ratings across the board.
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Credit Ratings
Credit ratings for annuity providers can help determine a company’s financial strength and stability — an indication that it will be around to guarantee payments to you in the future. Different rating companies use different scales.
The Standard’s Credit Ratings
| Rating Company | Credit Rating |
| AM Best | A |
| Fitch | Not Rated |
| S&P | A+ |
See which annuity providers our independent editorial team ranked as the Best Annuity Companies of 2024.
What Customers Are Saying About The Standard
There isn’t a lot of clear information readily available about customer’s experiences with the Standard. It was not included in the 2022 or 2023 editions of the J.D. Power Overall Customer Satisfaction Index Ranking for annuity companies.
This doesn’t imply that the Standard has a poor customer satisfaction score. It just wasn’t included in the study.
The company was also not mentioned by any of the agents Annuity.org spoke to when evaluating annuity providers. The Standard has a solid NAIC Complaint Index Score of 0.76, meaning there were fewer than expected customer complaints against the company given its market presence.
The National Association of Insurance Commissioners (NAIC) tracks consumer complaints each state’s insurance commission receives each year. These are used to compile a company’s NAIC Complaint IndexNAIC Complaint IndexDetermined by dividing the company’s share of complaints in the U.S. market by the company’s share of premiums in the U.S. market. The National Complaint Index is always 1.00, so a score of 2.00, for example, is twice as high as expected in the market..
NAIC Complaint Index for the Standard
| All Policy Types | 0.31 |
| Individual Annuities Only | 0.76 |
These numbers indicate that the Standard receives fewer complaints than the industry average for all insurance policy types and for individual annuities specifically.
The Standard Pros & Cons
One big pro of the Standard is the hefty diversity of products offered. Its catalog of offerings isn’t nearly as large as some mega providers, but the company does a good job offering thorough and potentially beneficial products across multiple categories.
This includes some types of annuities that are rarely seen elsewhere in the marketplace, such as the Restricted SPIAA, which is aimed at helping customers achieve Medicare eligibility.
You also don’t have to worry about financial stability or the validity of your financial commitment with the Standard. The company has significant financial backing and strong ratings from key crediting agencies.
There are not many major drawbacks to the Standard, but some are still worth considering. If you are interested in a variable annuity, then you will have to look elsewhere since the company doesn’t offer any.
There is also not a lot of publicly available information analyzing the customer experience and satisfaction of those who choose the Standard.
Still Searching for the Best Annuity Provider?
Provider Rating Methodology
Annuity.org created a fact-based methodology to analyze the strength, security and reach of different annuity providers. We assessed companies based on their availability, the number of direct premiums sold, their AM Best Financial Strength Rating and their NAIC Complaint Index score.
Providers received a rating on a five-star scale for each of these categories, with the complaint index and financial strength ratings weighed as the heaviest variables. Then, using a weighted average, each company was assigned an overall star rating.
Top-Ranked Annuity Providers
| Provider | Annuity.org Star Rating |
| Mass Mutual |  |
| New York Life | |
| Pacific Life | |
| Midland National | |
| North American | |
| Western Southern | |
Our Rating Panel
The Annuity.org editorial team spoke with several different annuity experts to learn more about what is important to customers when searching for a provider and what factors make a company reliable. While Annuity.org designed the methodology, these experts provided feedback during the process and consulted on what factors we should leverage to best help prospective buyers compare providers.
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