Powerful guaranteed growth. The Guaranteed Income Builder Benefit , if selected, gives you a guaranteed 12% added to your Withdrawal Base for up to ten years or until you activate income, whichever comes first. For example, a $100,000 ForeIncome FIA purchase would mean $12,000 added to your Withdrawal Base annually – even if you delay starting your income for up to 10 years. 1,2,3
Guaranteed Income Builder Benefit lifetime withdrawal percentages 1
Just like with the Income Multiplier Benefit, you choose when to start your income with the Guaranteed Income Builder Benefit.
Taking income stage
Building income stage
When the benefit is activated, you’re guaranteed a percentage of the Withdrawal Base annually, based on your age and whether you choose single- or joint-life income. Here are the latest percentages.
After your income starts, both the Withdrawal Base and your annual income are locked in for life.
During this stage, the Withdrawal Base grows by a guaranteed 12% up to 10 years before you start taking income
Income Age
Single Life
Joint Life
Income Age
Single Life
Joint Life
Withdrawal Base
12% Steady Growth
73
7.25%
6.75%
55
4.50%
4.00%
Income Activation
74
7.25%
6.75%
56
4.65%
4.15%
75
7.25%
6.75%
57
4.80%
4.30%
76
7.25%
6.75%
58
4.95%
4.45%
12% Annual Growth
77
7.25%
6.75%
59
5.10%
4.60%
78
7.25%
6.75%
60
5.25%
4.75%
79
7.25%
6.75%
61
5.40%
4.90%
80
7.25%
6.75%
62
5.55%
5.05%
81
7.25%
6.75%
63
5.70%
5.20%
82
7.25%
6.75%
64
5.85%
5.35%
83
7.25%
6.75%
65
6.00%
5.50%
84
7.25%
6.75%
66
6.25%
5.75%
85
7.25%
6.75%
67
6.50%
6.00%
86
7.25%
6.75%
68
6.75%
6.25%
87
7.25%
6.75%
69
7.00%
6.50%
88
7.25%
6.75%
70
7.25%
6.75%
1 2 3 4 5 6 7 8 910 1112131415 Year
89
7.25%
6.75%
71
7.25%
6.75%
90+
7.25%
6.75%
72
7.25%
6.75%
1 The income benefit provides guaranteed lifetime income called Lifetime Annual Payments (LAP) that are determined as a percentage of the Withdrawal Base at the time of income activation. The percentage is called the Lifetime Withdrawal Percentage (LWP), is based upon age at income activation, and is locked in for life when income begins. LWPs vary based on single or joint income. 2 With the Guaranteed Income Builder Benefit option, the Withdrawal Base grows by a guaranteed 12% roll-up annually, also known as Deferral Bonus, for up to 10 years or until benefit activation whichever comes first. That percentage is of the premium paid, reduced for any withdrawals in proportion to the reduction in contract value and applies to the Withdrawal Base only. The Withdrawal Base is used to determine the withdrawal benefit and is not available for cash surrender or as a death benefit. Withdrawal Base stops growing after ten years or income activation, whichever comes first. A Deferral Bonus will not be credited in years where a withdrawal occurs. 3 For contracts issued prior to age 50, the Deferral Bonus and Withdrawal Base increases will not apply until the first contract anniversary following attainment of age 50 and the benefit fees will not be assessed until the first contract anniversary following attainment of age 50. Upon the contract anniversary following the attainment of age 50, the first Deferral Bonus will be applied and benefit fees will be assessed. The Withdrawal Base and Deferral Bonus Base will initialize at the contract value on the contract anniversary prior to 50th birthday. For Joint owned contracts, the youngest owner’s age is used.
And same thing with choosing single or joint-life – you don’t
have to decide until you activate your payments.
1 Lifetime Withdrawal Percentages e ective 01/16/2024. Rates are subject to change. Joint-life income is based on the younger age on the income start date.
9
FIA1451-2
FIA1451-2
10
Made with FlippingBook - Share PDF online