In response to the current interest rate environment, new business interest rates for Indexed Annuity Care will be decreasing effective Monday, February 15, 2016.
The Indexed Annuity Care rates will be as follows:
Point-to-point Cap = 3.25%
Point-to-point Par = 20%
Monthly average Cap = 3.50%
Monthly average Par = 27%
Fixed account = 1.10%
Indexed Annuity Care continues to offer Most Beneficial Rate:
Indexed Annuity Care offers your clients the opportunity to receive the best declared interest (or cap, or par) rate available between the date their application is received in the Home Office, and the effective date of the contract, if fully funded within 60 days of application. This feature is intended as an easy-to-do-business provision to provide you and your clients the peace of mind to know that they can receive the best declared rates during the application process.
Note: All products may not be available in all states or may vary by state. Policies are issued by The State Life Insurance Company, Indianapolis, Indiana.