Accelerating retirement income growth
Target Income 10 ® in action In the scenario below, the client purchases Target Income 10 ® with the GLWB rider, with the primary goal of accelerating the growth of their income for retirement. However, they also want to ensure they have the control and flexibility in their annuity to adapt when life happens. As you can see in the in the chart below… • The client invests $100,000 in the annuity and they immediately receive a 20% ($20,000) premium bonus to their benefit base. The premium bonus is in addition to the 10% annual roll-up and helps accelerate the growth of their income benefit. • After the first contract anniversary, the client can turn on income at any time, and their benefit base is calculated as of that day—without waiting until a contract anniversary to see an increase in their income base.
How the GLWB Rider Can Boost the Value of Your Annuity Payments Combining a 20% premium bonus with a 10% annual simple interest roll-up helps accelerate income growth.
$220,000 Your bene fi t base after 10 years
Dollars
10% Roll-up each year
$120,000
$100,000 initial premium after 20% premium bonus
Years
1
2
3
4
5
6
7
8
9
10
Target Income 10 ® GLWB bene fi t base
Annual Roll-up
The hypothetical chart above shows how the GLWB benefit base can grow prior to turning on lifetime income. It assumes no additional premium payments; no withdrawals have been taken and no step-ups have occurred.
Delaware Life Target Income 10 ® Fixed Index Annuity
5
Made with FlippingBook - Share PDF online