Interest Rate Changes, Effective 8/11/2011
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 Wednesday, 8/10.
If business is being written on Wednesday 8/10, RSL will allow faxed copies of in good order applications and paperwork to be faxed on 8/10 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 8/11.
For a PDF of this rate bulletin, please email annuity.marketing@rsli.com.
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The Keystone Index Annuity
|
|||
Product |
New Rates
|
Old Rates
|
Change
|
| Keystone-5** | |||
| Annual Pt-to-Pt Cap |
3.50%
|
4.50%
|
-1.00%
|
| Annual Pt-to-Pt Participation Rate |
15.00%
|
15.00%
|
No Change
|
| Annual Monthly Average Cap |
4.00%
|
5.00%
|
-1.00%
|
| Annual Monthly Average Participation Rate |
20.00%
|
20.00%
|
No Change
|
| Fixed Interest Rate |
2.10%
|
2.55% |
-0.45%
|
| Keystone-7** | |||
| Annual Pt-to-Pt Cap |
4.00%
|
5.00%
|
-1.00%
|
| Annual Pt-to-Pt Participation Rate |
20.00%
|
20.00%
|
No Change
|
| Annual Monthly Average Cap |
4.50%
|
5.50%
|
-1.00%
|
| Annual Monthly Average Participation Rate |
25.00%
|
25.00%
|
No Change
|
| Fixed Interest Rate |
2.15%
|
2.65% |
-0.50%
|
| Keystone-10** | |||
| Annual Pt-to-Pt Cap |
4.25%
|
5.25%
|
-1.00%
|
| Annual Pt-to-Pt Participation Rate |
20.00%
|
20.00%
|
No Change
|
| Annual Monthly Average Cap |
4.75%
|
5.75%
|
-1.00%
|
| Annual Monthly Average Participation Rate |
25.00%
|
25.00%
|
No Change
|
| Fixed Interest Rate |
2.20%
|
2.70% |
-0.50%
|
|
Traditional Bonus Annuity
|
|||
Product |
New Rates
Base + Bonus / Base |
Old Rates
Base + Bonus / Base |
Change
Base + Bonus / Base |
| Eleos-MVA |
3.35% / 2.35%
|
3.90% / 2.90%
|
-0.55%
|
| Eleos-SP |
3.20% / 2.20%
|
3.75% / 2.75%
|
-0.55%
|
| Apollo-MVA |
3.70% / 2.70%
|
3.70% / 2.70%
|
No Change
|
| Apollo-SP |
3.55% / 2.55%
|
3.55% / 2.55%
|
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 | |||
|
|
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