Income Base The income base is maintained separately from the annuity value and is used to determine your income payments. This value accumulates interest annually up to a set number of years or until you elect to begin income payments, whichever comes first. You decide at issue whether the income base will accumulate using the fixed rate lifetime income rider, or the fixed rate + index credit option. When you begin receiving income payments, the income base amount will be equal to the higher of either the contract’s annuity value on the date income payments begin or the income base.
Income for Life The income payment is an amount determined by multiplying the income percentage times either the income base or the annuity value (whichever is higher). The amount of your income payments will be the same every year and will depend on your age on the date that payments begin. Income payments can begin when both of the following have been met: 1. The contract has been in force for more than one year. 2. The contract owner is age 50+ (age of youngest owner if joint). Note: Joint Owners must be spouses at the time the lifetime income rider is elected.
Lifetime Income Percentage by Age
Joint life age when income begins 50 3.0% 61 4.1% 72 5.2% 83 6.3% 51 3.1% 62 4.2% 73 5.3% 84 6.4% 52 3.2% 63 4.3% 74 5.4% 85 6.5% 53 3.3% 64 4.4% 75 5.5% 86 6.6% 54 3.4% 65 4.5% 76 5.6% 87 6.7% 55 3.5% 66 4.6% 77 5.7% 88 6.8% 56 3.6% 67 4.7% 78 5.8% 89 6.9% 57 3.7% 68 4.8% 79 5.9% 90 7.0%
Single life age when income begins 50 3.5% 61 4.6% 72 5.7% 83 6.8% 51 3.6% 62 4.7% 73 5.8% 84 6.9% 52 3.7% 63 4.8% 74 5.9% 85 7.0% 53 3.8% 64 4.9% 75 6.0% 86 7.1% 54 3.9% 65 5.0% 76 6.1% 87 7.2% 55 4.0% 66 5.1% 77 6.2% 88 7.3% 56 4.1% 67 5.2% 78 6.3% 89 7.4% 57 4.2% 68 5.3% 79 6.4% 90 7.5%
58 3.8% 69 4.9% 80 6.0% 59 3.9% 70 5.0% 81 6.1% 60 4.0% 71 5.1% 82 6.2%
58 4.3% 69 5.4% 80 6.5% 59 4.4% 70 5.5% 81 6.6% 60 4.5% 71 5.6% 82 6.7%
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ASIA PLUS 10 / AMERICAN NATIONAL
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