Eleos SP
Reliance Standard
10%
Free W/D
47
States
The Eleos-SP is a fixed deferred annuity that guarantees your principal and provides steady, predictable interest growth. It's designed for safety-conscious individuals who want financial security without market risk.
Free Withdrawal
10%/yr
Available In
47 states
Min Premium
$10,000
Surrender
5 years
Key Features
Guaranteed Interest Rates
Varies by current environment; ask your agentFirst-year rate includes a bonus and base rate, both guaranteed. Base rate guaranteed for Years 2-3. Rates thereafter never fall below the Minimum Guaranteed Interest Rate.
Penalty-Free Withdrawal
Up to 10% per contract yearWithdraw up to 10% of premium in Year 1, then up to 10% of annuity value annually with no charges. Must request at least $500 per withdrawal.
Surrender Charges
8%, 7%, 6%, 5%, 4%, 0%Early withdrawal charges decline over 6 years: 8% (Year 1) to 0% (Year 6). Charges apply only if you withdraw more than the 10% penalty-free amount.
Nursing Home Waiver
Up to 25% per year while confinedIf confined to a qualified nursing facility for 90+ days after Year 1 (and you were age 74 or younger at issue), you can withdraw up to 25% of annuity value annually penalty-free.
Death Benefit
Full annuity valueUpon your death, your beneficiary receives the full annuity value.
Daily Interest Crediting
Compounded dailyInterest compounds annually and is credited daily for faster growth.
Premium Range
$10,000 minimum; $500,000 maximum (over $500k requires approval)Flexible funding options for different financial situations.
Highlights
Guaranteed interest rates for the first 3 years, with rates never dropping below a stated minimum thereafter
Penalty-free access to 10% of your annuity value each year, plus up to 25% if confined to a nursing home
Low surrender charges that decline from 8% in Year 1 to 0% by Year 6, giving you flexibility
Simple, predictable fixed annuity—no market risk or investment decisions required
Available from age 0 to 85 with premiums from $10,000 to $500,000
Surrender Schedule
Yr 1
8%
Yr 2
7%
Yr 3
6%
Yr 4
5%
Yr 5
4%
After
0%
Nursing home waiver
Best For
Safety-conscious individuals and retirees who prioritize principal protection, predictable income, and liquidity over growth, and want a simple, low-risk way to grow savings.
Consider Alternatives If
Investors seeking high growth, those who need immediate access to large portions of their money without penalty, or those uncomfortable with limited liquidity.
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