The potential for powerful rising income.income.
Income Multiplier Benefit lifetime withdrawal percentages 1 With this option, you decide when to activate your income. At age 67, 72, 80 or whenever – it’s up to you . 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.
The Income Multiplier Benefit , if selected, offers potential for powerful interest crediting towards your Withdrawal Base to help you build your future income. Designed to help offset the risk of inflation, this option works in two stages – the building income and the taking income stages. 1,2,3,4
Building income stage
Taking income stage After income starts, 1X any interest credits your contract value may earn are added to your Withdrawal Base to increase your income (and if no credits, your Withdrawal Base and income stays level).
1x
Income Age
Single Life
Joint Life
Income Age
Single Life
Joint Life
During this stage, 2X any interest credits your contract value may earn are added to your Withdrawal Base for future income.
73
6.70%
6.20%
55
4.80%
4.30%
2x
74
6.80%
6.30%
56
4.90%
4.40%
Income Activation
75
7.00%
6.50%
57
5.00%
4.50%
76
7.10%
6.60%
58
5.10%
4.60%
77
7.20%
6.70%
59
5.20%
4.70%
78
7.30%
6.80%
60
5.40%
4.90%
79
7.40%
6.90%
61
5.50%
5.00%
80
7.60%
7.10%
62
5.60%
5.10%
81
7.70%
7.20%
63
5.70%
5.20%
82
7.80%
7.30%
64
5.80%
5.30%
83
7.90%
7.40%
65
5.90%
5.40%
84
8.00%
7.50%
66
6.00%
5.50%
85
8.20%
7.70%
67
6.10%
5.60%
86
8.30%
7.80%
68
6.20%
5.70%
1 2 3 4 5 6 7 8 9101112131415 Year
87
8.40%
7.90%
69
6.30%
5.80%
88
8.40%
7.90%
Withdrawal Base
Interest Credits
70
6.40%
5.90%
89
8.40%
7.90%
This hypothetical is no guarantee of future results. Actual results may vary.
71
6.50%
6.00%
90+
8.40%
7.90%
72
6.60%
6.10%
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 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. 3 With the Income Multiplier Benefit option, Withdrawal Base increases are a multiple of the dollar amount of interest credits to your account value in a given year. Prior to activating the benefit, a Deferral Bonus will not be credited in years where a withdrawal occurs. After activation, a bonus will not be credited in years where withdrawals exceed the Lifetime Annual Payment. No bonus will be credited after the Income Phase Bonus Period. The Income Phase Bonus Period is the period during which LAP withdrawals continue to be deducted from the contract value. 4 Interest credits received are based on the interest crediting strategy selected. There is the potential for 0% crediting during any strategy term. Interest Rates are set at the Company’s discretion. The Company has the discretion to set various levers associated with the index returns, actual results may vary.
And you don’t have to pick single or joint-life until you start your income.
1 Income Multiplier Benefit Lifetime Withdrawal Percentages e ective 06/12/2023. Joint-life income is based on the younger age on the income start date
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