The Standard’s Restricted Single-Premium Immediate Annuity is now available in New Jersey. Here are some details to help you get ready to sell:
- Commonly used to help qualify for immediate Medicaid eligibility.
- Issue to age 93.
- $15,000 to $1,000,000 initial premium (higher amounts may be permitted with prior home-office approval).
- The contract is: nontransferable, nonforfeitable, nonassignable, nonsurrendable, noncommutable and irrevocable.