With the selection of the Income Rider, your lifetime annual income will equal your Income Account Value multiplied by the Payout Factor and will depend on whether or not you are required to take out required minimum distributions under federal tax laws. The Payout Factor is a percentage that is based on whether you elect the Income Rider for you or for you and your spouse. The Payout factor is also based on your age or the age of your spouse when income starts. The Income Account Value grows based on an annual compound roll-up rate of 7.25% for the first 10 years, and is used to calculate the Income Rider payments and the Rider Charge. If the roll-up is renewed after 10 years, the minimum roll-up rate is 2%. CALCULATING YOUR LIFETIME ANNUAL INCOME
GUARANTEED LIFETIME WITHDRAWAL BENEFIT SCHEDULE EXAMPLE
End of Policy Year
Accumulation Value
Income Account Value
Age
Payout
1 2 3 4 5 6 7 8 9
65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89
$75,576.55 $76,348.20 $75,149.40 $73,863.69 $72,484.76 $72,817.98 $73,052.31 $73,177.51 $73,182.50 $73,055.35 $59,689.24 $47,676.65 $35,514.02 $22,598.73 $10,109.71
$80,169.38 $85,981.65 $92,215.32 $98,900.94 $106,071.25 $113,761.42 $122,009.12 $130,854.78 $140,341.76 $150,516.53 $138,956.86 $127,397.19 $115,837.52 $104,277.85 $92,718.18 $81,158.51 $69,598.84 $58,039.18 $46,479.51 $34,919.84 $23,360.17 $11,800.50
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10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
$11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67 $11,559.67
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The example to the right assumes an initial premium of $65,000 issued on 12/31/1997 allocated to the annual point-to-point strategy, with a 15% premium bonus and a 7.25% roll-up rate. GLWB Payments start at the end of year 10. This example is hypothetical only and is meant for illustration purposes. It is not guaranteed or a prediction of future results. This product was not available during the specified time period.
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$240.83
- -
You can take income immediately in the first year if you are at least 65 at issue.
Annual Payout Amount (Guaranteed Lifetime Withdrawal Benefit Payout) $4,933.50
Payout Factor 6.60%
Income Account Value $74,750
X
=
If you wait 10 Years (Age 74) to take income:
Annual Payout Amount (Guaranteed Lifetime Withdrawal Benefit Payout) $11,559.67
Payout Factor 7.68%
Income Account Value $150,517
X
=
The example assumes an initial premium of $65,000 issued on 12/31/1997 allocated to the annual point-to-point strategy, with a 15% premium bonus and a 7.25% roll-up rate. This example is hypothetical only and is meant for illustration purposes. It is not guaranteed or a prediction of future results. This product was not available during the specified time period.
Annuity and optional rider are not available in all states. Contact an agent or visit www.sslco.com for listings.
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SSLSBIBR-OT 080123
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