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fixed annuities

Traditional Fixed Annuity Details

Product Name


Annuity Type

Traditional Fixed Annuity

Issuing Insurance Company and Ratings

(1st of 15 ratings)
(5th of 20 ratings)
(5th of 21 ratings)
Not Rated
(percentile of rated companies)

Product Information

The Apollo-MVA is a deferred traditional fixed annuity issued by Reliance Standard Life Insurance Company.

The current first year yield is 7.00% and the 7 year term current annual yield is 5.28%, including bonuses if applicable (see Rate Details below). This assumes that the current base interest rate remains unchanged up to the first penalty free full withdrawal window, which is not guaranteed. The Apollo-MVA has a full penalty free withdrawal window after 7 years.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides up to 10%  of the contract value may be withdrawn from the annuity each contract year without penalty.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Reliance Standard Life Insurance Company is rated “A++” by A.M. Best, was founded in 1907, and has over $20 billion in total assets.

Rate Details

Premium Amount: $5,000 - See Notes

First Year Yield: 7.00%
7 Year Term Current Annual Yield: 5.28%
7 Year Term Guaranteed Annual Yield: 1.84%
Interest rate start of year 1 through end of year 1: 7.00%
Current Base Interest Rate: 5.00%
Guaranteed Minimum Interest Rate: 1.00%

Initial Surrender Charge and MVA Periods

7 years

7 years

7 years

State variations may exist, refer to product disclosure for details.

Policy Details

Penalty Free Withdrawal Provisions

Death, Hospitalization and Nursing Home

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  MD, MN, MT, NY, OR, TX, UT, VT and WA (as of 11/11/2020)

For WA: Cumulative Withdrawal feature is not available.


Maximum Premium: $1,000,000 for issue ages 0-75 / $500,000 for issue ages 76-85

Cumulative Withdrawals: If no penalty free withdrawal is taken during the second year or any policy year thereafter, each unused 10% may be carried over to the next policy year and accumulated up to a maximum of 30% of the single premium paid. During any year in which a penalty free withdrawal is made, the cumulative withdrawal balance returns to zero. If no penalty free withdrawal is taken during year one, it cannot be carried over to year two.