Lifetime Income Rider An income stream guaranteed for life
As life expectancy increases, retirement periods are getting longer. With ASIA PLUS 10, you have the option to add a Lifetime Income Rider (LIR) at the start of your contract. The LIR provides a guaranteed income stream for life, even if the annuity value drops to zero. 6 There are two LIR options available: Fixed Rate A fixed rate is determined at the beginning of the contract and remains unchanged throughout. The LIR interest is calculated annually and credited daily for a specified number of years. During the first 10 years or until LIR income payments start, your initial premium income base will receive the guaranteed rate.
Additional premiums paid during the contract period will increase the total income base but won’t earn interest. Fixed Rate + Indexed Credit This option is similar to the fixed rate, but with added features. A portion of your premium allocated to indexed crediting strategies will earn interest based on the increase of the selected index or indices. Index credits are earned for a set number of years and added to the initial premium income base whenever interest is credited to indexed strategies. This continues until a set number of years pass or income withdrawals begin, whichever comes first.
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AMERICAN NATIONAL / ASIA PLUS 10
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