Income 150+
planning

Grow your income base for retirement

(Income 150+ is only available through independent producers. Speak with your financial advisor to see if this product is available to you.)

Income 150+ fixed index annuity offers attractive benefits to help you generate income for retirement. Income is driven by a unique value within the contract, known as the Income Base. The Income Base receives guaranteed growth before income starts, so that your income can grow more predictably. This guaranteed growth applies only to the Income Base. Contract value is not guaranteed to grow. This product offers three income boosts broken out at issue and at the start of years 3 and 5.1

Grow your retirement income.

A strong retirement income strategy

Income 150+ offers all of the interest crediting potential and savings protection of a typical FIA. What sets Income 150+ apart is its ability to help provide a strong income strategy for your retirement needs.

With 150+, income is driven by a unique value within the contract that is separate from the contract value, known as the Income Base. The Income Base receives guaranteed growth before income starts, so that your income can grow more predictably. This guaranteed growth applies only to the Income Base. Contract value is not guaranteed to grow.

Starting on day one, your Income Base value gets boosted above the premium.

  • Day 1: Income boost #1 = 20% of premium
  • Start of year 3: Income boost #2 = 15% of premium2
  • Start of year 5: Income boost #3 = 15% of premium2

If held until the beginning of the fifth year without starting income, the Income Base will be equal to 150% of your premium amount as a basis to determine the annual income, assuming no prior withdrawals. That’s a guaranteed 150% of premium, simply for letting it sit for 5 years.

The “plus” comes into play to help enhance your income benefits even further if you find you don’t need to start them within five years. Maybe you are in good shape for your initial retirement years, or maybe you have decided to put retirement off a bit.

At the start of the tenth contract year, the Income Base may grow by another boost. It’s calculated by multiplying the interest earned on the contract value over the first nine years by 150%. Both the Income Base and interest earned are adjusted for any withdrawals.2

Once benefits begin, the Income Benefit Factor is locked. Income benefit payments are not subject to surrender charges or market value adjustment.

One of the key benefits of an FIA is the potential to provide additional interest crediting above and beyond a traditional interest-bearing product, such as a savings account.3 Income 150+ offers five interest crediting methods, and you can allocate your funds between one or multiple methods.

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Product Highlights

product detail
  • Three boosts to the Income Base to help maximize income opportunity

  • If held until the beginning of the fifth year without starting income, the Income Base will be equal to 150% of your premium amount as a basis to determine the annual income, assuming no prior withdrawals

  • Five interest crediting methods

  • Protection for your money from the erratic ups and downs of the stock market

  • Potential for greater interest crediting than traditional deposit products3 offer

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Income Base boosts can help you generate income for retirement.

Speak to your financial advisor about Income 150+ today.