EXTENDED INCOME GUARANTEE
Income for life. Guaranteed.
Continue receiving income for the rest of your life — even after your Accumulated Value is depleted.
The Extended Income Guarantee begins when you’re receiving Lifetime Income Withdrawals and your annuity’s Accumulated Value goes to zero. The reduction of the Accumulated Value cannot be caused by an Excess Lifetime Income Withdrawal. 16 During the Extended Income Guarantee Phase, the amount you receive each year depends on the payment option you have chosen: • Level Income and Inflation-Adjusted Income : Lifetime Income Withdrawals will remain level for the remainder of your life. • Earnings-Indexed Income: Lifetime Income Withdrawals will increase by 1% annually for the remainder of your life.
16 Lifetime Income Withdrawals may be reduced or may stop if you take Excess Withdrawals from your contract. If Excess Withdrawals, Withdrawal Charges, Premium Bonus Vesting Adjustment or Market Value Adjustments (MVAs) reduce the contract’s Accumulated Value to zero, your Lifetime Income Withdrawal Payments will stop and the rider will terminate.
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