Conventional Annuities Product Disclosure - Limitations, Reductions and Exclusions

When applicable prior to the annuity commencement date, the surrender value will be equal to 95% of the single premium then chargeable by Standard Life to secure the said benefits under the annuity policy at the greater of the rate in effect when the request is received and the rate in effect on the original premium payment date.

Registered annuities with locked-in source of funds cannot be surrendered.

No annuity payable under the annuity policy is capable of surrender on or after the annuity commencement date.

Before settling any claims, we require proof that is satisfactory to us.