Tuesday, August 9, 2011

RSL - Interest Rate Change, Effective 8/16/2011

 

 

 

 

 Interest Rate Changes, Effective 8/16/2011

 


In order to receive a 45-day rate lock on transfers and exchanges*, paperwork must be received by Reliance Standard by the close of business on Monday, 8/15.
If business is being written on Monday 8/15, RSL will allow faxed copies of in good order applications and paperwork to be faxed on 8/15 by 5:00PM (Fax # for Annuity New Business: 267-256-3542), but the original application and paperwork MUST be received by the close of business on 8/16.

For a PDF of this rate bulletin, please click here.

 

 

The Keystone Index Annuity


Product

New Rates

Old Rates

Change

Keystone-5**

 

Annual Pt-to-Pt Cap

3.50%

3.50%

No Change

Annual Pt-to-Pt
Participation Rate

15.00%

15.00%

No Change

Annual Monthly
Average Cap

4.00%

4.00%

No Change

Annual Monthly
Average Participation Rate

20.00%

20.00%

No Change

Fixed Interest Rate

2.10%

2.10%

No Change

Keystone-7**

Annual Pt-to-Pt Cap

4.00%

4.00%

No Change

Annual Pt-to-Pt
Participation Rate

20.00%

20.00%

No Change

Annual Monthly
Average Cap

4.50%

4.50%

No Change

Annual Monthly
Average Participation Rate

25.00%

25.00%

No Change

Fixed Interest Rate

2.15%

 2.15%

No Change

Keystone-10**

 

 

 

Annual Pt-to-Pt Cap

4.25%

4.25%

No Change

Annual Pt-to-Pt
Participation Rate

20.00%

20.00%

No Change

Annual Monthly
Average Cap

4.75%

4.75%

No Change

Annual Monthly
Average Participation Rate

25.00%

25.00%

No Change

Fixed Interest Rate

2.20%

 2.20%

No Change

 

 

 

 

 

Traditional Bonus Annuity


Product

New Rates
Base + Bonus / Base

Old Rates
Base + Bonus / Base

Change
Base + Bonus / Base

Eleos-MVA

3.35% / 2.35%

3.35% / 2.35%

No Change

Eleos-SP

3.20% / 2.20%

3.20% / 2.20%

No Change

Apollo-MVA

3.10% / 2.10%

3.70% / 2.70%

-0.60%

Apollo-SP

2.95% / 1.95%

3.55% / 2.55%

-0.60%

Argus2000-MVA

Temporarily Suspended

N/A

N/A

Argus2000-SP

Temporarily Suspended

N/A

N/A

 

 

 

 

 

Multi-Year Guarantee Rates



Product

New Rates
Guar Rate 1st Yr/
Guar Rate Yrs 2+

Old Rates
Guar Rate 1st Yr/
Guar Rate Yrs 2+

Change
Guar Rate 1st Yr/
Guar Rate Yrs 2+

Elektra-579

Five Year Guarantee

Temporarily Suspended

N/A

N/A

 

 

 

 

 

 

SPIA Factor Changes

 New Rate  

 Old Rate

 5 Year Period Certain

Temporarily Suspended

N/A

 6 Year Period Certain

Temporarily Suspended

N/A

 7 Year Period Certain

Temporarily Suspended

N/A

 8 Year Period Certain

Temporarily Suspended

N/A

 9 Year Period Certain

Temporarily Suspended

N/A

 10 Year Period Certain

Temporarily Suspended

N/A

 

 

 

 

 

 




**Effective 7/1/2011 through 9/30/2011, the minimum non-forfeiture rate for Keystone policies will be 87 1/2% of premium at 1.00%.  The Guaranteed Minimum Interest Rate is not impacted by this change (100% of premium at 1.50% for the Keystone-5, and 100% of premium at 2.00% for the Keystone-7 and Keystone-10.)

The minimum guaranteed rate for the 3rd Quarter of 2011 will remain at 1.00% for the Eleos & Apollo contracts.

*Rate lock does not apply to non-qualified business where Reliance Standard is not processing the transfer/exchange request.



For more information contact:
Reliance Standard Life Insurance Company
(800) 351-7500 Ext 3696
www.reliancestandard.com

 

 

 

 


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