Choice Income
planning

See what a Guaranteed Lifetime Withdrawal Benefit can do for you

(Choice Income is only available through independent producers. Speak with your financial advisor to see if this product is available to you.)

Choice Income fixed index annuity offers the features of a traditional fixed index annuity along with an available Guaranteed Lifetime Withdrawal Benefit (GLWB). This benefit includes a choice of two Withdrawal Base1 growth options – 10% with no interest credits added or 7.5% plus an additional dollar amount of interest credits annually, minus any withdrawals.2,3 Choice Income also offers a Guaranteed Minimum Surrender Value, which has the potential to increase contract value but terminates on the GLWB activation date.4

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Social Security may only cover about 40% of your pre-retirement income.*

Introducing the Guaranteed Minimum Accumulation Value

Choice Income fixed index annuity offers the traditional fixed index annuity features, including tax deferral, gains that lock in from year to year, multiple interest crediting options, and the potential to provide additional interest crediting above and beyond a traditional, interest-bearing product, such as a savings account5 — and Choice Accumulation adds an available Guaranteed Lifetime Withdrawal Benefit (GLWB). This benefit includes a choice of interest crediting options – 10% with no interest credits added or 7.5% plus an additional dollar amount of interest credits annually (minus withdrawals).2

In addition, Choice Income offers a Guaranteed Minimum Surrender Value, which has the potential to increase contract value but terminates on the GLWB activation date.4

Income is provided through annual guaranteed lifetime withdrawal amounts, known as Lifetime Annual Payments (LAP). The LAP amount is based on age upon activation and determined as a percentage of a Withdrawal Base, a separate value used solely for calculation of guaranteed withdrawal amounts and rider charges for the benefit. It is separate and distinct from the contract value. The Withdrawal Base is not available as a death benefit, or for surrender.

Initially your Withdrawal Base is equal to your premium amount. It then grows annually prior to the activation date based on your choice of either of two methods selected at issue:
 

  1. An amount equal to 10%6 of your premium is applied to the Withdrawal Base annually at each contract anniversary, minus any withdrawals.
  2. An amount equal to 7.5%6 of your premium, plus the equivalent of any interest earned on your contract value is applied to the Withdrawal Base annually at each contract anniversary, minus any withdrawals.
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Product Highlights

product detail
  • Guaranteed Lifetime Withdrawal Benefit

  • Lifetime Annual Payments

  • Guaranteed Minimum Surrender Value

  • The power of tax deferral

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Pursue a retirement strategy designed to create dependable income for whatever lies ahead.

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about Choice Income today.