How to boost your income for sooner or later
Income 150+ FIA, grows your Withdrawal Base through steady, predictable bonuses called Income Boosts, 1,2,3 — so you can just relax and watch your Withdrawal Base grow, whether you need income sooner or later.
Let’s walk you through a scenario to help explain how Income Boosts work.
Meet Scott Scott is nearing retirement at age 67. He’s interested in giving his retirement savings a boost by purchasing Income 150+ FIA with a $100,000 initial premium. He’s not sure if he’d like to start receiving guaranteed income sooner or later, so he’s examining both options.
1 The income benefit is included on date of issue for an annual charge of 1.20% of the Withdrawal Base at the end of each contract year deducted from the contract value. Cost may vary by Withdrawal Charge Period. The Withdrawal Base is a separate numerical value used to help determine the amount of future income. It is not available for cash surrender or as a death benefit. 2 Income Boosts, also known as Deferral Bonuses, are based on premium paid, adjusted for withdrawals, and credited to the Withdrawal Base, reduced for any withdrawal in proportion to the reduction in contract value. 3. Each boost value assumes income has not started and withdrawals have not been made. The Withdrawal Base and Income Boosts are not available on cash surrender or as death benefits.
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