Reliance Standard Rate Change Effective 5-31-11

 

             

Interest Rate Change, Effective 5/31/2011
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 Friday, 5/27, as there will be no mail or overnight delivery on Monday. For a PDF version of this rate announcement, please click here (link will remain active for 60 days.)
The Keystone Index Annuity Product New Rates Old Rates Change Keystone-5**   Annual Pt-to-Pt Cap 5.00% 5.00% No Change Annual Pt-to-Pt Participation Rate 15.00% 15.00% No Change Annual Monthly Average Cap 5.50% 5.50% No Change Annual Monthly Average Participation Rate 20.00% 20.00% No Change Fixed Interest Rate 2.75% 2.75% No Change Keystone-7** Annual Pt-to-Pt Cap 5.50% 5.50% No Change Annual Pt-to-Pt Participation Rate 20.00% 20.00% No Change Annual Monthly Average Cap 6.00% 6.00% No Change Annual Monthly Average Participation Rate 25.00% 25.00% No Change Fixed Interest Rate 2.85%  2.85% No Change Keystone-10**       Annual Pt-to-Pt Cap 5.75% 5.75% No Change Annual Pt-to-Pt Participation Rate 20.00% 20.00% No Change Annual Monthly Average Cap 6.25% 6.25% No Change Annual Monthly Average Participation Rate 25.00% 25.00% No Change Fixed Interest Rate 2.90%  2.90% No Change           Traditional Bonus Annuity Product New Rates Base + Bonus / Base Old Rates Base + Bonus / Base Change Base + Bonus / Base Eleos-MVA 3.90% / 2.90% 4.10% / 3.10% -0.20% / -0.20% Eleos-SP 3.75% / 2.75% 3.95% / 2.95% -0.20% / -0.20% Apollo-MVA 3.90% / 2.90% 3.90% / 2.90% No Change Apollo-SP 3.75% / 2.75% 3.75% / 2.75% No Change 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  (No Changes)  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 4/1/2011 through 6/30/2011, 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.) Effective 4/1/2011 through 6/30/2011, the minimum guaranteed rate for all Apollo and Eleos contracts will be 1.00%.  *Rate lock does not apply to non-qualified business where Reliance Standard is not processing the transfer/exchange request. Call us if you have any questions Thanks, Jesse Schaefer President / Marketing Toll Free: 877-257-8246 Email: jesse@schaeferfinancialgroup.com Web: www.schaeferfinancialgroup.com