What Will Be Covered in this Annuity Review

In this annuity review, we will be going over the following details regarding the Advantage Growth Annuity from The Standard Insurance Company:

  • Product TypeIndependent Review of The Standard Focused Growth Annuity
  • Fees
  • Current Rates
  • Realistic long-term expectations
  • How the annuity is best used
  • How the annuity is most poorly used

Annuities can be complex. That’s where having an Annuity Investigator who loves math comes in.
We make the complex, simple.

If you’ve been considering the purchase of an annuity because you want to ensure that you won’t run out of income in the future – especially if you live a nice, long life – then purchasing the Advantage Growth Annuity from the Standard Insurance Company could be a great way to accomplish that.

One reason for that is because this annuity allows you the opportunity to avoid the constant ups and downs of the market. It also offers a fixed interest rate, along with a first-year bonus in order to help kick-start your earnings. In addition, when it comes time for you to convert the annuity over into an income stream, that income can last throughout the remainder of your lifetime, regardless of how long that may be.

However, before you go out an purchase this annuity, or for that matter any annuity, it is really important that you first have a thorough understanding of the benefits that it may provide, as well as any possible drawbacks, as annuities can be very difficult to get out of once you get in.

Over the past decade or so, fixed-rate annuities have become much more popular with people who are retired, as well as those who are approaching that time in their lives, as they can help to alleviate the concern about running out of money in retirement.

However, due in large part to this increased demand, many insurance carriers have been introducing new products – and unfortunately, this can make a product that is already somewhat confusing even more so. This can be the case for well-informed consumers, as well as many insurance and financial advisors!

With that thought in mind, unless the insurance or financial advisor whom you work with has a primary focus on selling annuity products, you really should do some additional research on these products, as they will oftentimes require that you deposit a large chunk of your savings into them.

That’s where the Annuity Gator can come in!

Annuity and Retirement Income Planning Advice You Can Trust

If this is your very first visit to our website, please allow us to officially welcome you here to Annuity Gator. We are a team of annuity professionals who are focused on providing in-depth (and unbiased) annuity reviews. We’ve been at this for quite a while not – far longer than our competitors – and because of that, we have come to be known as a highly trusted source of annuity information online.

Our success has also spurred a number of “copycat” websites out there on the Internet – many of which are not nearly as interested in educating you as they are about luring you in and obtaining your contact information

They will oftentimes do so by offering some pretty bold claims about the annuities, they offer, such as:

  • Lowest Fees
  • Highest income payouts
  • Guaranteed lifetime income
  • Top-rated companies

Look familiar?

While these claims might sound enticing, it is absolutely essential that you first check out all of the information you can about these annuities in order to determine whether or not they are actually true.

If you are in search of more in-depth details regarding the Standard Advantage Growth Annuity, then you are definitely in the right place. In fact, we dare say that our website is the only place where you will be able to find all of the details that you need – which includes both the good and the not-so-good. This, however, is really the only way to make a well-informed decision regarding whether this annuity is right for you.

In order to be perfectly clear, here, we do want to state that we believe that annuities can offer you some very nice benefits – as long as the product fits in well with your other financial needs and goals.

That being said, if you are ready to begin this review, then let’s go ahead and jump in!

The Standard Advantage Growth Annuity at a Glance

Contract Year1234567891011+
Vested Percent0102030405060708090100

Opening Thoughts on the Standard Advantage Growth Annuity

With more than a century in the insurance and financial services business, The Standard offers products that can help clients grow and enhance their wealth. The company began with a focus on those who worked in the logging and timber industry, where a serious injury or death could quickly wreck a family’s finances, and in turn, their future.

Throughout the years, the company has grown and expanded a great deal, and as of year-end 2016, The Standard held in excess of $22 billion in total assets. The Standard has also earned high ratings from the insurer rating agencies, including a(n):

  • A+ from Standard & Poor’s
  • A2 from Moody’s
  • A from A.M. Best

The company offers a long list of insurance and financial products, including life insurance, disability insurance, dental and vision insurance, AD&D, critical illness, hospital indemnity, financial plan consulting, fiduciary support, and individual annuities.

If you own a fixed rate annuity, the volatility of the stock market isn’t going to affect the amount of future income that you’ll receive from that product. So, for those who are seeking both safety and guarantees, this could very well be a good option. On the other side of the coin, it’s important that you not make a quick decision, only to find out later on that there are features about this annuity that make it a bad fit for your overall financial plan.

Before we get into the gritty details, here is some legal disclosures…

This is an independent product review, not a recommendation to buy or sell an annuity. The Standard Insurance Company has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. This review is meant to be an independent review at the request of readers so that they may see our perspective when breaking down the positives and negatives of this particular annuity. Prior to purchasing any type of investment or insurance product, it is important that you do your own due diligence and that you consult a properly licensed professional if you should have any specific questions that relate to your individual circumstances. All names, marks, and materials that were used for this review are the property of their respective owners.

For more information on how to compare annuities in order to determine which one may be right for you, to obtain our free annuity report.

How The Standard Describes the Advantage Growth Annuity Product

The Standard describes the Advantage Growth Annuity as a single premium, deferred annuity that offers a 2.00% first-year bonus to help with getting a jump on earnings. Also, you can attain a higher rate of interest if you deposit $100,000 or more. (Although this is a single premium annuity product, you are allowed to make additional contributions to the annuity during the first 90 days).

At issue, you will have a choice of surrender periods – either five or seven years. (Your interest rate can also be dependent on the surrender charge that you choose – with a higher rate going to those who opt for the longer surrender period).

There are some additional features on this annuity, including a death benefit, and a waiver of surrender charges if you are diagnosed with a qualifying terminal illness and/or if you are admitted to a nursing home.

For a full list of the benefits that can be found on the Standard Advantage Growth Annuity you can go directly to the company’s full product details HERE.

How an Insurance or a Financial Advisor Might Pitch this Annuity

Given that life is filled with so many uncertainties, when you have the opportunity to receive a guarantee, it can be a nice benefit – particularly when it has to do with your financial options. With that in mind, when it comes to the Standard Advantage Growth annuity, it is likely that an insurance or financial advisor will key in on the set rate of interest that you can attain, as well as the safety of your principal.

Likewise, knowing that you will have the income to last throughout the remainder of your lifetime – no matter how many years that may be – can also be comforting. So, insurance and financial advisors will also likely tout the guaranteed lifetime income that this annuity can provide you with.

However, whenever any type of guarantee is presented to you – particularly when it involves your money – when you look a little more closely, you may find that there are certain “tradeoffs” that you need to accept in order to attain those benefits. This can be the case with the Standard Advantage Growth annuity product.

What About the Fees on this Annuity

While there are no annual contract fees associated with the Standard Advantage Growth Annuity, don’t let that lull you into thinking that there are no fees whatsoever, because that is not necessarily the case.

For instance, if you withdraw 10% or more of your contact’s value during the surrender period, then you will be hit with a withdrawal penalty. The amount of the fee, and the duration of the surrender charge period will be dependent on whether you choose the five or the seven-year option. The surrender fees are as follows:

5-Year Surrender Fee Schedule

Contract Year1234567891011+
Surrender Charge %9.19876543210


7-Year Surrender Fee Schedule

Product NameAscent Accumulator 10
Type of ProductFixed Indexed Annuity
S&P RatingA-
Phone Number(888) 266-8489


In addition, if you take such a withdrawal before you have turned age 59 1/2, then you can also incur an additional 10% “early withdrawal” penalty from the IRS.

Independent Review of the Advantage Growth Annuity from The Standard Insurance Company

The Annuity Gator’s End Take on the Standard Insurance Company’s Advantage Growth Annuity

Where it works the best:

The Standard Advantage Growth Annuity, while not for everyone, could be a good option if you are seeking:

  • A guaranteed rate of growth
  • Safety of principal, regardless of what happens in the market
  • A lifetime income that you can count on

Where it works the worst:

On the other hand, this annuity might not be a viable option if you:

  • Want the potential for higher growth
  • Need to access your money during the annuity’s surrender period
  • Do not plan to use the lifetime income feature

In Summary

There is a long list of criteria that should be considered when you are thinking about the purchase of an annuity. These should include, but are certainly not limited to, how the annuity produces its return, how safe your money will be while inside of the contract, how and when (and for how long) the income will pay out, and whether or not there are any other features that will be beneficial to you now and/or in the future.

If you’ve been considering the purchase of a fixed annuity such as the Standard Advantage Growth product, then you can certainly be assured that your money will be safe, and that you will also be able to count on a steady stream of income for the rest of your life – regardless of how long that may be.

However, there may also be some additional items that you have not considered – and the only way to really know if a particular annuity is going to be right for you is to have it tested. We can provide this testing for you and can offer you a free, no obligation, spreadsheet with the results. So, if this is something that is of interest to you, then all you need to do is simply reach out to us here via our secure online contact form.

Still Have Questions? Notice Any Mistakes in this Annuity Review?

We know that this annuity review went a bit on the lengthy side, and for that, we do appreciate you sticking with us through it thus far. That being said, though, we feel like it is much more beneficial to provide readers with “too much” information than with not enough.

So, if you found that this annuity review was beneficial to you, then please feel free to forward it on and to share the review with anyone else that you think could also benefit from it. Also, we realize that details about annuities – and other financial products, too – can and do change somewhat quickly. With that in mind, if you happened to notice anything in this review that needs to be corrected and/or updated, please let us know that as well, and we will get on the revisions right away.

Are there any other annuities that you would like to see information about?

No problem!

If you would like to see reviews on any other annuity (or annuities), our team of annuity “geeks” will get on the ball and get them on our website. Just simply click here to let us know which product (or products) you are interested in seeing. And, be sure to check back soon.


The Annuity Gator

Independent Review of the Advantage Growth Annuity from The Standard Insurance Company