Income: Calculating your lifetime income withdrawals. The income amount you receive is calculated using your Benefit Base amount and multiplying it by the applicable Lifetime Withdrawal Percentage found in the chart below. Percentages are based upon the Attained Age of the younger life at the time you elect to receive a lifetime income withdrawal. At activation if the Contract Value is higher than the Benefit Base there will be a one time increase to the Benefit Base to match the Contract Value. Once you decide to start lifetime income withdrawals, payments are guaranteed for life and will not decrease unless you withdraw more than the lifetime income withdrawal amount from your annuity.10
Lifetime Withdrawal Percentage Age Single Life
Age
Single Life
Joint Life
Joint Life
50-55
4.30%
3.80%
73
6.45%
5.95%
56
4.45%
3.95%
74
6.60%
6.10%
57
4.60%
4.10%
75
6.75%
6.25%
58
4.75%
4.25%
76
6.95%
6.45%
59
4.90%
4.40%
77
7.15%
6.65%
60
5.05%
4.55%
78
7.35%
6.85%
61
5.20%
4.70%
79
7.55%
7.05%
62
5.35%
4.85%
80
7.65%
7.15%
63
5.50%
5.00%
81
7.75%
7.25%
64
5.65%
5.15%
82
7.85%
7.35%
65
5.75%
5.25%
83
7.95%
7.45%
66
5.80%
5.30%
84
8.05%
7.55%
67
5.90%
5.40%
85
8.15%
7.65%
68
5.95%
5.45%
86
8.25%
7.75%
69
6.05%
5.55%
87
8.35%
7.85%
70
6.15%
5.65%
88
8.45%
7.95%
71
6.25%
5.75%
89
8.55%
8.05%
72
6.35%
5.85%
90+
8.65%
8.15%
The Synergy Choice Guaranteed Lifetime Income Benefit Rider is Required Minimum Distribution (RMD) “friendly”. RMDs are required distributions, set by the IRS, which apply to qualified contracts. These RMD withdrawals are considered part of your free withdrawal amount, free of Withdrawal Charges and MVAs for the Contract Year. Prior to turning on income, an RMD will reduce the Benefit Base by the same percentage as your annuity’s Contract Value decreases. Additionally, an RMD is not considered an Excess Withdrawal, so it will not reduce any future lifetime income withdrawals – even if it exceeds your annual lifetime income withdrawal amount.
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