Lifetime payment percentages (LPPs)
Level LPA
Increasing LPA
Single covered person
Joint covered person
Single covered person
Joint covered person
Attained age of covered person
Attained age of covered person
50-55
6.35% 6.45% 6.55% 6.65% 6.75% 6.85% 6.95% 7.05% 7.15% 7.25% 7.35% 7.45% 7.55% 7.65% 7.75% 7.85% 7.95% 8.05% 8.15% 8.25% 8.35% 8.45% 8.55% 8.65% 8.75% 8.85%
5.85% 5.95% 6.05% 6.15% 6.25% 6.35% 6.45% 6.55% 6.65% 6.75% 6.85% 6.95% 7.05% 7.15% 7.25% 7.35% 7.45% 7.55% 7.65% 7.75% 7.85% 7.95% 8.05% 8.15% 8.25% 8.35%
50-55
4.35% 4.45% 4.55% 4.65% 4.75% 4.85% 4.95% 5.05% 5.15% 5.25% 5.35% 5.45% 5.55% 5.65% 5.75% 5.85% 5.95% 6.05% 6.15% 6.25% 6.35% 6.45% 6.55% 6.65% 6.75% 6.85%
3.85% 3.95% 4.05% 4.15% 4.25% 4.35% 4.45% 4.55% 4.65% 4.75% 4.85% 4.95% 5.05% 5.15% 5.25% 5.35% 5.45% 5.55% 5.65% 5.75% 5.85% 5.95% 6.05% 6.15% 6.25% 6.35%
56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79
56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79
80+
80+
Starting your LPAs “Did you know?”
You can begin taking LPAs immediately and as early as age 50. Provided that no excess withdrawals have been taken, LPAs will be available even if both the accumulation value and GLWB value are reduced to zero. You also have the flexibility to start and stop payments at any time. Electing LPAs is not the same as annuitizing your underlying annuity contract. The start of your LPAs is referred to as the lifetime payment election date (LPED). Future payments will not decrease so long as you don’t withdraw more than your LPA in any contract year. North American will report LPAs as withdrawals. Additionally, any withdrawal taken before age 59 1/2 may be subject to additional IRS penalty taxes. Consult your tax advisor regarding tax treatment of LPAs, which will vary according to your individual circumstances.
35405Z
9
REV 1-24
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