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Knowledge Assessment for the Index Growth Annuity

Standard Insurance Company Individual Annuities 800.378.4578 Tel 877.247.5473 Fax 1100 SW Sixth Avenue Portland OR 97204-1093 www.standard.com

The state of Oregon requires certification of broker product knowledge prior to solicitation or sale of an index annuity to an Oregon consumer. Read the Index Growth Annuity Sales Guide (form 12274) and use the following exam to test your understanding of The Standard's Index Growth Annuity. If you have any questions please call our sales team at (800) 378-4578. q

I intend to sell the IGA. (Complete sections 1, 2 and 3 and return to the home office.) I do not intend to sell the IGA; I understand that if I choose to do so in the future I must contact The Standard and complete this assessment prior to solicitation or sale (Complete section 2 and return to the home office.)

KnowledgeAssessment

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T F q q The Index Growth Annuity is a fixed, deferred annuity product offered by Standard Insurance Company. T F q q The Index Growth Annuity is a security. T F no q q Assuming there have beenfull withdrawals, during the surrender period a policyowner will receive no less than 100% of premium at surrender. T F no q q Assuming there have beenfull withdrawals, after the surrender period a policyowner will receive no less than 100% of premium at surrender. T F q q The minimum premium for the Index Growth Annuity is $15,000. T F q q The maximum premium for the Index Growth Annuity is $2,000,000. T F q q The Index Growth Annuity is a flexible premium product and will accept multiple and ongoing deposits. T F q q The current fixed interest rate applied to the Fixed Interest account is guaranteed for one year. T F q q The index used as a reference point for the Index Growth Annuity is the NASDAQ-100. T F q q Premium will be allocated to the Index Interest account on the 15 of the month following the receipt of all expected funds. T F index rate has been determined by the it is applied Fixed q q Once anand theinterest Interest account and the resultingindex gain, locked in to to both thevalue. Interest account Index amount is the policy

th

T F Standard declares the participation q q Theowner) at the beginning of each newrate (the percentage of gain in the index that will be passed on to the index term. T F q q The owner will always participate in 75% of the growth of the S&P 500 index. T F Standard the q q Thebeginning declaresnew index rate cap (the maximum interest rate that will be credited to the policy) at the of each index term. T F q q All surrender charges date from the contract effective date. T F q q At the end of the surrender period, there is a window of 60 days, during which time the owner must take action or surrender charges will restart. T F q q Automatic withdrawal of interest is available after the first contract year. T F the Index the Index q q If premium paid onbe based onGrowth Annuity is allocated to to an indexInterest account, interest credited to the account will the S&P 500 gain and subject rate cap. T F q q The policyowner may elect to transfer funds between the Fixed Interest account and Index Interest account once a year at any time. T F end of q q At theInterestevery index term funds may be reallocated between the Index Interest account and the Fixed account.

The crediting rate for the Index Interest account is calculated by comparing the value of the ____________________ index at the beginning and at the end of a __________-month point-to-point index term. The account will be credited with ____________% of the growth of this index up to a pre-specified rate cap.

12657-OR (07/05)

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InsuranceBrokerIdentification

E-MAIL PHONE

NAME

LICENSENUMBER

STANDARDINSURANCECOMPANYPRODUCERIDENTIFICATION

3

BrokerAcknowledgement

I certify that I have read and fully understand the Index Growth Annuity Sales Guide (form 12274) and all consumer materials for this product and have completed the above knowledge assessment for review. When selling this product, I will always provide the Owner(s) with the consumer materials used during the course of the presentation, the application and a disclosure statement and will never make statements, representations or promises about product features or future rate performance that are in any way inconsistent with those materials.

______________________________________________________________________________________________________________________________________________________________ INSURANCEBROKERSIGNATUREDATE

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HomeOfficeUseOnly

EXTENSION

EMPLOYEENAME

Status Results Action

Intent to Sell Pass Fail

No Intent to Sell

Authorization Notice Sent ___________________

DATE

Unsuccessful Notice Sent ___________________

DATE

12657-OR (07/05)

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